Harsh ‘resets’ are actually healthy for the cryptocurrency industry

Published by
City AM

By Darren Parkin The week in reviewwith Jason Deane Perhaps one day we’ll have a quiet enough week that I have a hope of summarising everything that’s happening in a paragraph or two. But this is not one of those weeks. Usually, news that Meta has laid off11,000 employees as it scales back on various projects, including its Metaverse investments, would make headlines and be the talk of the town for days, but, frankly, it barely made any column inches. There have been bigger fish to fry. The big news, of course, is the debacle around Sam Bankman-Fried (SBF), the FTX exchange and its associated …

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