Goldman: Crypto Crash Won’t Damage US Economy

A Goldman Sachs report has said the fall in crypto prices because of recent turmoil likely won’t impact the U.S. economy that much.

It cites the fact that algorithmic stablecoins have been vulnerable to speculative attacks and have faced various threats from public and private money.

The report said stablecoins can possibly perform a useful service within the ecosystem for digital assets, though the current designs could be risky, and more stability might come through various kinds of regulation.

The report notes that in their simplest form the coins are “virtually identical” to money market fund shares, with tradable claims for low-risk and short-dated securities — almost the same as cash, from an economic standpoint.

Meanwhile, Social Life Network and its division Decentral Life have rolled out a new QR code add-on application to help mobile retailers accept crypto payments more easily, a press release says.

This will be…