Cryptocurrency

Collapse of Stable Currencies May Spread to US Bond Market: Academic

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The $1.4 trillion cryptocurrency market crash in 2022 did not affect traditional assets such as stocks or the real economy. But an academic warned that the failure of a major stablecoin could have an impact on the US bond market, pointing to a potential new area that investors need to watch as contagion continues to … Read more

‘The money’s gone’: The Bahamas try to turn the page after FTX

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NASSAU, Bahamas (AP) — Dressed in a canary blue suit on a warm December night, sweat dripping from his brow, Bishop Lawrence Rolle belted out the words of his final song to hundreds of children and adults who had gathered to celebrate Christmas. “FTX!” He sings, bowing and nodding his head for emphasis. “The money … Read more