From the New World cover image

Manny Rinconcruz - A Tornado of Cash, An Earthquake of Crackdowns, and a Drought of Courage

From the New World

CHAPTER

Cryptocurrency

Luna, the new crypto currency, has been in trouble since its launch last month. Founder and editor of Wall Street journal Neill Ferguson says it's similar to tulip mania. Tulipmania was a speculative game being played by rich merchants who were flush with money. But this is more like whales playing games against each other; little retail shrimp that really got screwed at end.

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