John Lewis The recent near halving of Bitcoin’s price has reignited debate about its true value. As a store of value, net present value asset pricing models suggest it should be worth zero because it pays no dividend. Yet its price remains far above zero, and its total value is still large despite recent turbulence. … Continue reading The quantity theory of crypto: what is Bitcoin worth as a medium of exchange?
crypto
Journalist Jeremy Loffredo travels to Puerto Rico to investigate how a new wave of U.S. crypto billionaires and wealthy transplants are reshaping the island. Drawn by tax breaks and lax regulations, these elites are buying up land, displacing locals, and transforming the entire Latin American country. Through on-the-ground reporting Loffredo unpacks how this economic invasion is eroding the island’s sovereignty under the guise of “investment,” echoing earlier eras of U.S. dominance—most notably the island’s long history of American military presence.
The post VIDEO: How the rich are remaking Puerto Rico first appeared on The Grayzone.
The post VIDEO: How the rich are remaking Puerto Rico appeared first on The Grayzone.
The Argentinean president branded himself as an edgy economic genius to ride a wave of financial discontent to power. Now he’s implicated in one of the biggest scams in history, wiping out over $4 billion in market cap in a few hours, leaving Argentineans wondering if they’ve also been rugged. Argentina’s President Javier Milei has been accused of fraud, and is likely to face impeachment charges, after he promoted a sham cryptocurrency token which allowed a handful of con artists […]
The post Argentina’s Milei faces impeachment for promoting crypto scam first appeared on The Grayzone.
The post Argentina’s Milei faces impeachment for promoting crypto scam appeared first on The Grayzone.
El presidente argentino que se autodenomina como un controversial genio económico para surfear la ola del descontento económico que lo condujo al poder. Ahora está implicado en una de las mayores estafas de la historia, borrando más de 4 mil millones de dólares de capitalización del mercado en pocas horas, dejando a los argentinos preguntándose si ellos también fueron timados. El presidente de Argentina, Javier Milei, ha sido acusado de fraude, y es probable que enfrente un juicio político, luego […]
The post Presidente Milei enfrenta juicio político por promover una criptoestafa first appeared on The Grayzone.
The post Presidente Milei enfrenta juicio político por promover una criptoestafa appeared first on The Grayzone.
Aly Soliman Stablecoins have emerged as an innovative form of money in the financial landscape. While they represent a small fraction of the global financial system, stablecoins have grown by US$30 billion in the last few months (as reported on DefiLlama). The potential effect of stablecoins on the payment industry could be substantial and merits … Continue reading With the arrival of stablecoins, is it time to pay farewell to traditional payment rails?
Aidan Saggers, Lukas Alemu and Irina Mnohoghitnei Decentralised Finance (DeFi) may seem a tempting option for those seeking financial gain, autonomy, and self-governance… But how safe is a world in which ‘code is law’? Closer inspection reveals an ecosystem experiencing several hacks, attacks, and fraud. Estimates show at least US$6.5 billion has been stolen since … Continue reading Flash loans, flash attacks, and the future of DeFi
Is Crypto Really Going To Crash? (Yes)
Crypto is going to crash and could take your savings with it.
Does Elon Musk Have a Right to Destroy Twitter?
You break it, you own it. That’s what I was told as a child. But for today’s billionaires, it seems like the opposite is true.
“You own it, you can break it” — at least if you’re rich enough.
Just look at Elon Musk.
An important area of concern among many cryptocurrency proponents revolves around the idea that the current banking and government finance systems are inherently unstable or inflationary. Ultimately all finance is about debits and credits, assets and liabilities. How would total adoption of crypto by a country change these?