Is There a Cryptocurrency Bubble? Just Ask Doge.

from NYTs Jackson Palmer no longer thinks it’s funny to imitate Doge, the internet meme about a Shiba Inu dog whose awe-struck expressions and garbled syntax (e.g. “Wow. So pizza. Much delicious.”) made him a viral sensationseveral years ago. But if he did, he might channel Doge to offer a few cautionary words for investors who are falling for cryptocurrency start-ups, Silicon Valley’s latest moneymaking craze: Very bubble. Much scam. So avoid. Mr. Palmer, the creator of Dogecoin, was an early fan of cryptocurrency, a form of encrypted digital money that is traded from person to person. He saw investors […]

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In Recent Test, Blockchain Brings Transparency To Notorious Credit Default Swaps

from ars technica On Thursday, Wall Street’s bookkeeper announced that it had successfully tested blockchain technology to manage single-name credit default swaps (CDS) among four big banks: Bank of America Merrill Lynch, Citi, Credit Suisse, and JP Morgan. In a credit default swap, one bank buys the debt owed to another bank with the understanding that if the debt holder defaults on their loan, the buyer bank will be compensated by the selling bank. In the years leading up to the 2008 recession, the buying and selling of credit default swaps was not watched by regulators at all, and as an NPR explainer […]

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