Top economist Mohamed El-Erian says crypto is a canary in the coal mine for an era of ‘irresponsible risk taking’—and the fallout could lead to ‘financial accidents’ | Fortune

Mohamed El-Erian is worried that crypto’s risk-taking behavior is just an example of what became the norm over the past decade. And we’re only just beginning to deal with the fallout.
— Read on fortune.com/2022/12/09/top-economist-mohamed-el-erian-crypto-risk-taking-canary-coal-mine-financial-accidents/amp/

Crypto rules to make Europe a global leader as prices plunge

LONDON (AP) — Europe has moved to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny. European Union negotiators hammered out the final details for a provisional agreement late Thursday on a sweeping package of crypto regulations for the bloc’s 27 nations, known as Markets in Crypto Assets, or MiCA. “In the Wild West of the crypto-world, MiCA will be a global sta
— Read on ca.finance.yahoo.com/news/european-union-inks-deal-crypto-094436213.html

Crypto Attracts More Money in 2021 Than All Previous Years Combined

(Bloomberg) — Need more proof that this is the year digital assets went mainstream? How about the fact that venture capital funds have poured about $30 billion into crypto, or more than in all previous years combined for the little more than decade-old technology. Most Read from BloombergSouth Africa Hospitalization Rate Plunges in Omicron WaveBiden to Issue ‘Stark Warning’ on Vaccination Amid Covid SurgeStocks, Futures Sink on Virus, Manchin Shock: Markets WrapEurope Braces for More Covid Lock
— Read on ca.finance.yahoo.com/news/crypto-attracts-more-money-2021-145328523.html