fuckedcrypto#351

Thursday 23 June 2022

FtAlphaville as usual. What is so ludicrous about all of this is that crypto sells itself as “sound money”!

—

It’s been nine long days since crypto fintech Celsius Network announced in a Very Important Message that it was pausing all withdrawals, swaps and transfers between accounts amid “extreme market conditions”. It’s also been nine days since CEO Alex Mashinsky last graced the world with a tweet.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.