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Industry rules are broken, not cryptocurrencies
News, Koray Caliskan, Published on 31/08/2023
» When the Venetian merchant Marco Polo travelled the Silk Road in the thirteenth century, he encountered not only unfamiliar peoples, but also new (to him) forms of finance. In China, he was shocked to learn that Kublai Khan had introduced paper money. It was lighter, easier to transfer and store, and more valuable than the metal coins packed in his purse. After returning to Venice, Marco Polo taught his fellow merchants how to use the Khan's innovation. Even though some rejected the flat, foldable currency, arguing that it was no gold and never would be, paper money would change the world.
Crypto's path to deep crisis is well-worn
News, Xavier Vives, Published on 05/12/2022
» Swiftly rising interest rates have punctured the cryptocurrency bubble, exposing fragility, bad governance and even fraud in many corners, most notably at the crypto exchange FTX. And FTX's spectacular collapse comes on the heels of other recent failures in the cryptosphere, such as Terra-Luna, Three Arrows Capital or Voyager Digital. No one should be surprised -- not even at how many people were surprised.
Regulate innovation but don't kill it
Asia focus, Tanyatorn Tongwaranan, Published on 23/04/2018
» It's been an exhausting few weeks for Facebook founder Mark Zuckerberg, who stands accused of failing to prevent major data breaches and malign interference in the political process in the US and elsewhere. The CEO of the world's largest social network was roasted by US lawmakers in 10 hours of hearings for failing to protect Facebook users' private data.