Simply over six months after FTX’s dramatic collapse, the crypto trade can lastly start to investigate the consequences of the debacle. The speedy ripple impact on different crypto companies has drained money from the trade and extended the crypto winter, with Silvergate Financial institution, BlockFi and Genesis International Capital amongst these affected by the collapse of the alternate.
The chapter of FTX has additionally affected the crypto regulatory panorama, with authorities cracking down on firms – using controversial strategies in some instances – to keep away from a deep mixing of conventional finance with cryptocurrencies.
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