Tag Archives: Draw-downs

Ripple (XRP) Draw-downs, is CoinBase a Systemic Risk?

We can draw many lessons from the GFC of 2008-09. Before everything crumbled, the so-called global banks, too big to fail, lent out money to unqualified borrowers and because they couldn’t pay back their monthly obligation, the house of cards fell, pushing the global economy into a recession. Six weeks later, we had the Bitcoin whitepaper, and it has been a roller-coaster ever since. Continue reading Ripple (XRP) Draw-downs, is CoinBase a Systemic Risk?