Was cryptocurrency a con trick? Between Monday and Friday last week, $32bn disappeared from the face of the Earth. Some blame billionaires taking ordinary people for a ride.
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Crypto golden boy loses everything in one day
Was cryptocurrency a con trick? Between Monday and Friday last week, $32bn disappeared from the face of the Earth. Some blame billionaires taking ordinary people for a ride.
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<h2 class=" eplus-wrapper">What's happening?</h2>
A cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralised system using cryptography, rather than by a centralised authority. exchange platform called FTX went bust last week, wiping out billions of dollars in other people's money. Now some think we should give up on cryptocurrency altogether.
FTX was one of the biggest crypto platforms in the world. But last week it collapsed suddenly.
<h2 class=" eplus-wrapper">Find out more</h2>
Some think this is proof that cryptocurrency was never anything more than a scam to cheat people out of their money.
But others insist the idea of money that belongs to people, not to governments or big banks, is still a good one.
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<h5 class=" eplus-wrapper" id="question">Was crypto currency a con trick?</h5>
Yes! This whole crisis took place because of the foolish and selfish decisions of the billionaire owners of crypto exchanges. Now ordinary people have lost their money.
No! Cryptocurrency is just waiting for a technical solution to come and stabilise it.
Cryptocurrency - A digital currency in which transactions are verified and records maintained by a decentralised system using cryptography, rather than by a centralised authority.
Crypto golden boy loses everything in one day
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Cryptocurrency - A digital currency in which transactions are verified and records maintained by a decentralised system using cryptography, rather than by a centralised authority.