Ha Duong: «What Will Come After the Big Crypto Crash?»

Ha Duong: «What Will Come After the Big Crypto Crash?»: The downfall of FTX resulted in a loss of about $200 billion in market capitalization of crypto assets within a few days. Is this now the end of crypto, Ha Duong writes in an essay on… haduong

This article has been published on finews.first, a forum for authors specializing in economic and financial topics.

The effects of the crash are severe for parts of the crypto market and its consequences are still making their rounds. As expected by experts, the US crypto lender BlockFi has now also filed for insolvency. The intention is to stabilize the business and give the company the opportunity to carry out a comprehensive restructuring, according to an official statement by the company. BlockFi thus joins a growing list of companies facing bankruptcy following the FTX bankruptcy.

So what can we expect from Bitcoin & Co. in the future? In light of current events, it is easy to forget that the crypto industry has continued to develop strongly in recent months, regardless of the market turbulence. With The Merge, the Ethereum ecosystem has seen a significant technological advance that will improve the scalability and mass viability of the Ethereum blockchain.

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Ha Duong: «What Will Come After the Big Crypto Crash?»Ha Duong: «What Will Come After the Big Crypto Crash?»: The downfall of FTX resulted in a loss of about $200 billion in market capitalization of crypto assets within a few days. Is this now the end of crypto, Ha Duong writes in an essay on… haduong
Read more »