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

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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2 comments

Bryt November 27, 2022 at 5:11 pm

Digital ponzi

Reply
JBnID November 30, 2022 at 7:57 pm

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

Reply

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