• [stock-market-ticker symbols="AAPL;MSFT;GOOG;HPQ;^SPX;^DJI;LSE:BAG" stockExchange="NYSENasdaq" width"100%" palette="financial-light"]

    Crypto Facing A "Crisis Of Confidence" But Bitcoin "Is Not Going Away"

    November 27, 2022
    FTX Post Mortem Part 1 Of 3: WTF Really Happened?

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    Last week crypto investor Mike Novogratz took to CNBC in an attempt to help analyze the fallout from the FTX scandal. Speaking to Aaron Ross Sorkin, Novogratz - who suffered major losses (and humiliation himself) when Terra/Luna collapsed - laid out how trust has been lost in the asset class for the time being. 

    "This is about transparency and disclosure in a lot of ways. Our industry has failed to self-regulate. I think the money side of crypto, companies like ours, are going to get regulated and should be," he says to start the interview. 

    "The tech side of crypto, the on-chain stuff, that has its own series of regulatory challenges. But that should be kept separately. Right now we're in a deficit of trust - people think there's a black swan around every corner," he continues...

    To read more visit Zero Hedge.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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    Digital ponzi


    A hundred dollar bill is phony money at heart but 'cripto' is nothing but the fog of someone's imagination.


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