Why has crypto tanked

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CoinDesk journalists are not allowed. CoinDesk is an independent operating policyterms of usewhich invests in cryptocurrencies and blockchain startups has been updated. Bitcoin and the broader cryptocurrency. ETfollowing the lead subsidiary of Digital Currency Group.

She holds bitcoin, ether and.

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Because they are being hit by the same factors impacting stocks and other assets. Consumer prices are surging at the fastest annual pace in over. When documents showed that Alameda had been borrowing millions of dollars against FTT, rumors spread across Twitter that FTX was loaning out. In the 12 months since bitcoin peaked at over $, the crypto trade has unwound, sending many coins to zero and hedge funds and lenders.

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Ethereum 1. Vauld, a Singapore -based crypto lender backed by Coinbase and Peter Thiel , halts withdrawals and trading on its platform. Big investors are giving up on crypto markets going mainstream The implosions and scandals of the past few months have laid waste to the key arguments of crypto boosters, and all but obliterated the notion of Bitcoin as safe haven in turbulent times. Three Arrows Capital declares bankruptcy. On her website, 'Web3 is Going Just Great', White documents case after case of crypto malfeasance: investments that turn out to be scams, poorly-run projects that collapse under mismanagement and hacks that drain supporters' money.