Why Bitcoin and Crypto Are in Crisis Today

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Published by
The Street

By Luc Olinga The crypto industry has been shaken by an unprecedented crisis, which has struck down one of the most influential players. FTX. Difficult to ignore these three letters in the last few days. You are probably living on another planet if you haven’t seen or heard them in the news. A little catch-up: These letters are the name of a big player in the cryptocurrency industry, a player which imploded overnight. Until its implosion on November 8, FTX, an exchange where you could buy and sell cryptocurrencies like bitcoin, was considered one of the most financially sound companies in the …

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