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    Speculation Is Good (for Crypto)

    Speculation Is Good (for Crypto)

    It was a busy week for the cryptocurrency industry in New York, with in-person conferences, workshops and parties filled to the brim with crypto enthusiasts. After the shutdowns of COVID-19, it had the feel of a revival. And while this was nothing like the crowds of...
    Evergrande and China’s Looming Risk to Tether

    Evergrande and China’s Looming Risk to Tether

    The stablecoin issuer Tether this week declared that it doesn’t hold short-term debt issued by troubled Chinese real estate developer Evergrande. Since Tether doesn’t disclose specifics about the commercial paper that substantially backs its “stablecoin,” this is a...
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