Paul Amery, Author at New Money Review

Author: Paul Amery

Terra bailout fails

May 11, 2022 Comments are Disabled

Attempts to recapitalise the third-largest dollar stablecoin failed dramatically last night, sending Terra (UST) and its sister token Luna into a death spiral. After Terra lost its dollar peg on […]

Terra depletes reserves in stablecoin panic

May 10, 2022 Comments are Disabled

Terra’s $1 per token market value was supposed to be kept in place by an algorithm. But the stablecoin’s sudden failure has led to a bailout attempt involving the world’s […]

Third-largest stablecoin loses its dollar peg

May 9, 2022 Comments are Disabled

Terra, the third-largest stablecoin by market size, is trading at a discount to its dollar peg after heavy investor selling that threatens broader contagion effects. With a market capitalisation of […]

DeFi’s dangerous alphabet soup

March 24, 2022 Comments are Disabled

In 2008, a few obscure three-letter financial products—MBS, ABS, CDOs and SIVs—set off the biggest financial crisis in history. Now, could a new alphabet soup of DAOs, NFTs, Dapps, DMMs […]

Gold stablecoins boom despite concerns

March 17, 2022 Comments are Disabled

A recent surge of interest has seen the assets of gold stablecoins pass $1bn in value. But business and disclosure standards in the sector are uneven and patchy. A stablecoin […]

Gold in the time of war

March 16, 2022 Comments are Disabled

On 28 February the US, EU and UK froze most of the Russian central bank’s $630bn foreign currency reserves, responding to the country’s invasion of Ukraine. In the words of […]

BIS ditches neutrality over Russia

March 12, 2022 Comments are Disabled

When applying sanctions to Russia’s central bank this week, the Bank for International Settlements (BIS) made a radical departure from the neutral stance it adopted during the second world war. […]

The sanctions craze and our dangerously unstable systems

March 10, 2022 Comments are Disabled

“In the case of Putin we are in this very dangerous place. We have reacted so aggressively and moved so far, so fast that he is personally humiliated under anything […]

Kleptocratic money flows may kill democracy

March 2, 2022 Comments are Disabled

Democratic systems are at risk from a reliance on oligarchs’ money flows, says Tom Burgis, an author and journalist at the Financial Times. Burgis is the author of a 2020 […]

Cordon off and shut down DeFi, says US law professor

February 21, 2022 Comments are Disabled

Decentralised finance (DeFi) resembles the unregulated ‘shadow banking’ whose unruly growth triggered the 2008 financial crisis. And regulators need to move fast to avoid a repeat of the crash, says […]

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Author: Paul Amery

Terra bailout fails

Terra depletes reserves in stablecoin panic

Third-largest stablecoin loses its dollar peg

DeFi’s dangerous alphabet soup

Gold stablecoins boom despite concerns

Gold in the time of war

BIS ditches neutrality over Russia

The sanctions craze and our dangerously unstable systems

Kleptocratic money flows may kill democracy

Cordon off and shut down DeFi, says US law professor

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