cyber-currencies

Venezuela’s Cryptocurrency is a Desperate Gimmick

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(from my colleague Dr. Win Thin) INTRODUCTIONVenezuela has issued the world’s first sovereign cryptocurrency. We think this is just a gimmick that cashes in on the current crypto craze, aims to circumvent existing sanctions, and avoids addressing the nation’s deep structural problems. INVESTMENT OUTLOOKVenezuela launched an oil-backed cryptocurrency called the petro last week. The deal …

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Do Higher Prices Make Crypto-Assets Crypto-Currencies?

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There has been a surge of interest and activity in the what have been dubbed crypto-currencies. According to the Economist, the market cap for this space is around $60 bln, and a founder of the one of the crypto-to-crypto exchange estimates daily turnover is as much as $2 bln. Some of the price action is …

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cyber-currencies

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