Paul Amery, Author at New Money Review

Author: Paul Amery

Tether’s accountant waves red flag

May 21, 2022 Comments are Disabled

The language used by Tether’s accountant in the latest quarterly attestation report suggests it’s worried about the future existence of the stablecoin. Tether has since undergone a sharp contraction since […]

Stablecoins give regulators a headache

May 19, 2022 Comments are Disabled

Better-regulated digital money tokens are the real threat to the financial system. Last week’s Terra ($UST) collapse was hardly surprising: backed by little but hot air and an online cult, […]

Did Terra operators bail out crypto whales?

May 16, 2022 Comments are Disabled

The operators of the collapsed Terra stablecoin ($UST) last week allowed selected holders of the dollar token to cash out at close to 100 cents in the dollar, using cryptocurrency […]

Tether tremors sink crypto

May 12, 2022 Comments are Disabled

Contagion from the stablecoin collapse that started on Monday with Terra is now affecting the largest dollar token, Tether, hitting the broader cryptocurrency markets. At 07.00 UTC on Thursday 12 […]

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 […]

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Author: Paul Amery

Tether’s accountant waves red flag

Stablecoins give regulators a headache

Did Terra operators bail out crypto whales?

Tether tremors sink crypto

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

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