Where finance and media intersect with reality.
Something doesn’t feel quite right with the internet right now. At least here in the U.K.
Money, like law, only works when backed by enforceable authority.
This was a post that was supposed to be published late last year, but alas, these retrospectives take longer to compile than people appreciate. But
Born in the back of a Shanghai taxi in 2015, BitMEX’s perpetual future became crypto’s defining derivative. Now it may hold lessons for rescuing the global dollar system.
The world’s largest stablecoin is suspected of helping U.S. authorities seize millions of dollars worth of crypto profits from the Venezuelan government. The reputational hit could prove costly.
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