If success has many fathers, thena crypto exchange in the eye of a money-laundering storm has become an orphan.
In the history of dangerous naivety, the decentralized finance mania of 2021 will hold its own against the 2007 boom in collateralized debt obligations.
With the cryptocurrency worlds luminaries having joined globetrotting elites at Davos and punters swept up in the market crash suffering sleepless nights its time for regulators to reflect on the real-world impact of the next boom-and-bust crypto cycle.
Bitcoin and other cryptocurrency assets are notoriously volatile, routinely suffering large drops of 50% or more.
The celestial algorithm that keeps the moon in its orbit around the earth clearly works a lot better than the one that governed Luna and Terra.
Bloomberg News reports the hot new thing in finance is the nouveau crypto riche putting up their expensive digital assets as collateral to buy expensive houses using a more-or-less traditional mortgage, but with no dead-tree dollars down.
Crypto markets still have many puzzles, but they are beginning to reveal their secrets.
India has surprised the payments world by announcing that its central bank will issue a digital currency as early as the coming financial year, a crucial decision that most other major economies are refusing to make in a hurry.
The previous crypto bull run peaked at the end of 2017 at about $800 billion, also about 20 per cent higher than Microsoft and Apple at the time.
In hundreds of India's small cities and towns, a generation that has hardly had any experience with stocks and bonds is heading straight for Bitcoin, Ethereum, Cardano and Solana.