Voyager Digital has simply filed for chapter safety becoming a member of Terra Luna, Celcius and different crypto exchanges collapsing in latest weeks.
As the worth of Bitcoin has dived to $19,000, there’s a important risk to the crypto ecosystem constructed on prime of guarantees of extreme returns and a market of extremely speculative hype-based valuations.
Voyager Digital’s instance can also be attention-grabbing as a result of it has highlighted how FDIC safety is just not fairly what folks thought and doesn’t hold your cash protected once you make a deposit.
The future for crypto is difficult as Bitcoin and the remainder of crypto goes by way of the primary financial downturn.
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