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Cornell Professor of Economics: Defi Promise Is Real but Bitcoin May Not Last Much Longer

A Cornell University economics professor says that the promise of decentralized finance (defi) using blockchain technology is real but bitcoin may not last that much longer. Nonetheless, he admitted bitcoin…

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Economics Professor Warns ‘Cryptocurrencies May Contribute to Monetary and Financial Instability’

Cornell University’s professor of economics and former head of the IMF’s China division, Eswar Prasad, has warned that “Cryptocurrencies may contribute to monetary and financial instability.” He added that the…

Continue ReadingEconomics Professor Warns ‘Cryptocurrencies May Contribute to Monetary and Financial Instability’