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I've been hearing that a crypto exchange company called FTX recently declared chapter 11 bankruptcy. Due to this, it kinda had a ripple effect that also took out cryptocurrency called BlockFi as they too filed for bankruptcy recently:[URL unfurl="true"]https://www.msn.com/en-us/money/companies/crypto-firm-blockfi-files-for-bankruptcy-as-ftx-fallout-spreads/ar-AA14Eqhu[/URL]What does this mean for other types of cryptocurrencies? Bitcoin for example has stayed pretty constant at $16,500+ or so. But that is nothing compared to what it was a year ago, at around $50,000-$60,000.To me, it looks like crypto is finally failing and we're going to see this result in more cryptocurrencies dying out. What do you think?
I've been hearing that a crypto exchange company called FTX recently declared chapter 11 bankruptcy. Due to this, it kinda had a ripple effect that also took out cryptocurrency called BlockFi as they too filed for bankruptcy recently:
[URL unfurl="true"]https://www.msn.com/en-us/money/companies/crypto-firm-blockfi-files-for-bankruptcy-as-ftx-fallout-spreads/ar-AA14Eqhu[/URL]
What does this mean for other types of cryptocurrencies? Bitcoin for example has stayed pretty constant at $16,500+ or so. But that is nothing compared to what it was a year ago, at around $50,000-$60,000.
To me, it looks like crypto is finally failing and we're going to see this result in more cryptocurrencies dying out. What do you think?
