Crypto Equated To Toxic Pre-Crisis Derivative Swaps

In the 2007-2008 financial meltdown, it was so-called ‘derivative’ market that almost toppled the world. Derivatives are bets on future market or economic behavior and loose no consequences until certain triggers are pulled. Estimates of the size of the derivatives market are in the quadtrillions. ⁃ TN EditorThe U.S. agency that had once been the great hope of the cryptocurrency world is now issuing strong warnings to the industry that it’s in danger of echoing the toxic