DeFi: Stop and Think. Part 1

    The ongoing cryptocurrency crisis, which coincided with a large outflow of funds from DeFi protocols, is a good reason to momentarily step back from the endless race for profitability and rationally assess the prospects of the decentralized finance industry. Having done so, we will immediately see what we need to change in DeFi to make…

    Crypto Bretton Woods?

    El Salvador has recently hosted a conference of several dozen developing countries’ heads of financial departments. They discussed the digital economy, servicing the unbanked citizens, and the integration of cryptocurrency into the financial system. For several days, El Salvador welcomed representatives of central banks and economic authorities from 44 countries (32 heads of central banks…

    Who Will Wag Its Finger at Crypto Business?

    The prospect of creating a single global regulator for the cryptocurrency market is currently being discussed at various levels. We tried to collect all the available information and surmise: How real is such a possibility, what a structure like that could do, and how the regulatory process could work. The “stablecoin crisis” that began with…

    Major Stablecoin Debacle. Part 2

    This past week will surely go down in the history of cryptocurrencies as the point that marked a major shift in attitudes towards stablecoins. On the one hand, it became clear that algorithmic stablecoins did not live up to expectations. On the other, authorities all across the world got a reason to regulate this segment…

    Major Stablecoin Debacle. Part 1

    This past week will surely go down in the history of cryptocurrencies as the point that marked a major shift in attitudes towards stablecoins. On the one hand, it became clear that algorithmic stablecoins did not live up to expectations. On the other, authorities all across the world got a reason to regulate this segment…

    Cryptocurrencies and DeFi as seen by “traditional” finance. Part 1

    Sometimes I catch myself thinking that for a long time, I have been analyzing the cryptocurrency industry from the “inside”. Yes, it is very convenient: you know and understand everything; you are immersed in the processes and see their internal dynamics. But it also leads to certain distortions of perception. We shouldn’t forget that people…