banking system

Paribus. The Fragility of Finance.

Despite a lot of turbulence in the markets this week the Federal Open Market Committee (FOMC) did exactly what was predicted. Jerome Powell carefully adjusted his language and reframed the narrative around his 25 basis point rate hike to try and calm the markets he had helped to damage. His forward guidance was only to expect further rate increases if inflation spirals out of control. He avoided taking any responsibility for the recent bank failures, claiming instead that the sector was stable and robust. In reality, the global financial system

Paribus Mainnet Countdown.

We know the past few months have been drawn out for everyone eagerly awaiting the release date of our mainnet. Throughout each step, we’ve been direct and transparent with our community, and sometimes maybe a little too hopeful. But now the wait is over. Our developers have been working especially hard to meet the exacting requirements of the Hacken audit and we’re over the moon to have achieved a score of 8.7/10 which we feel represents the hard work of everyone involved. Now that we’ve passed with a high score

Too Big to Fail?

Several weeks ago we covered Credit Suisse in some of our articles about risk management and regulations. This week they’ve been in the news again for all the wrong reasons, which may have an impact on the crypto market. Once the darling of Wall Street, Credit Suisse is rapidly turning into its nemesis. Following several multi-million dollar fines, they’ve lurched from one scandal to another. In September 2021 the UK’s Financial Conduct Authority issued a statement saying, “The Financial Conduct Authority has fined Credit Suisse over £147 million for serious