Elliptic banks $23M to shrink crypto risk, eyeing growth in Asia

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Crypto means risk. To UK company Elliptic it also means business. The startup has just closed a $23M Series B to step up growth for a crypto risk-management play that involves selling tech and services to help others navigate the … Continued

Why Facebook’s Libra currency gets the thumbs down | Joseph Stiglitz

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Only a fool would trust Facebook with their financial wellbeing. But maybe thats the point of the Libra currency Facebook and some of its corporate allies have decided that what the world really needs is another cryptocurrency, and that launching … Continued

World economy at risk of another financial crash, says IMF

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Debt is above 2008 level and failure to reform banking system could trigger crisis The world economy is at risk of another financial meltdown, following the failure of governments and regulators last crash in 2008, the risk remains that unregulated … Continued

Its the end of crypto as we know it and I feel fine

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Watching the current price madness is scary. Bitcoin is falling and rising in $500 increments with regularity and Ethereum and its attendant ICOs are in a seeming freefall with a few “dead cat bounces” to keep things lively. What this … Continued

The Lehman Brothers party is a red herring its the system that stinks | Stefan Stern

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We should worry that the core ethos of markets has not changed, despite reforms, says the author Stefan Stern Will it be slippery nipples all round? Harvey Wallbangers, maybe, or possibly even a nice Bankers Lunch (vodka, vermouth, orange liqueur … Continued

You Dont Have to Own Crypto to Make Money Off of It

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To make his fortune on cryptocurrency, Jake Benson doesn’t have to choose a winner among the hundreds of firms hawking digital tokens. He just needs to do their taxes. Benson is following the ’49er model — as in 1849. Like … Continued