The dream that decentralised finance – or “DeFi” – can free the monetary system from the clutches of governments and banks has helped launch 20,000 cryptocurrencies. But with 2022 proving to be more of a crypto-nightmare – including for the vaunted “stablecoins” that held the most promise as rivals to central bank-issued currencies – questions… Read more »
Over the course of a few days last week, we saw what was perhaps the most dramatic flame-out in the history of cryptocurrencies. Just a few weeks earlier, Terraform Labs the creators of the TerraUSD and Luna cryptocurrencies, was riding high. Luna was valued at US$86 per token on 5 May – down from the… Read more »
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