It was one of the most dramatic weeks in the short history of the cryptocurrency market, bookended by the type of announcements investors fear the most from a counterparty: We're sorry, but we just can't return your money right now.
In between, a nascent technocratic industry with grand ambitions to reinvent the financial system was rocked repeatedly by echoes of past crises in the old system.
It was a week of margin calls, forced selling and important collateral being exposed as way too illiquid in a time of crisis. There were rumblings of hedge-fund blowups, tales of opportunistic predatory trading, job cuts and loud denials of problems from key players proven wrong almost immediately.
Amid it all, the myth was shattered once and for all that this new crypto financial system was somehow immune to -- or even able to benefit from -- the economic fundamentals currently punishing the old system.
It all started late Sunday, when a sort of crypto shadow bank called Celsius Network...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...