Singapore's Dislike for Retail Crypto Scares Institutional Money


"There's a fascinating discussion about whether what Hwang did was outright fraud, but I won't bother trying to outdo Matt Levine on that front. Instead, I want to focus on the financial mechanics of what Archegos was doing, and why it is extremely important for cryptocurrency holders or traders to understand it." (CoinDesk columnist David Z. Morris)… “However, this cursory-level assessment misses some surprising new adoption trends that are not apparent to mainstream commentators. Minorities and various other marginalized groups are turning to cryptocurrency as a tool and developing new, unique, and innovative uses, often at a faster rate than communities that have traditionally had more privileged access to resources.This experience requires a careful approach to fostering diversity.We must not throw away the baby with the bathwater.(Michael Casey, CoinDesk chief content officer)..."The selloff wiped trillions of dollars off the market value of the high-tech indicator, investors hounding stocks in everything from software and semiconductor companies to social media giants.” (The Wall Street Journal) .. “The lockdowns and the demand for constant scrutiny and surveillance, particularly in Shanghai, have inflamed public frustration, exhausted local officials and medical personnel, and undermined the economic boost." (The New York Times)