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Home Crypto Updates

FTX and Crypto Bust Show Capitalism’s Limits

by Blockchain Daily Report
December 18, 2022
in Crypto Updates
Reading Time: 1 min read
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FTX and Crypto Bust Show Capitalism’s Limits
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We’re all astounded that FTX, now basically value nothing, was valued at $32 billion just a few months in the past, and that lending service Celsius Community clocked in at $3.5 billion earlier than it went underneath. However we ought to be asking related questions in regards to the investments and deposits that poured into Binance, Coinbase, Kraken, Crypto.com and different such exchanges. I’m not suggesting that they too are on the verge of chapter or are suspected of fraud, moderately that we should always mirror on the inflated expectations for long-term progress that drew the inflow into your complete trade.



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