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The crumbling crypto industry has claimed another likely victim in BlockFi, a digital-asset lender worth $10 billion once, but is now barely functioning. With FTX announcing its plans to file for [...]
FTX is the latest in a series of disasters that have shaken the crypto sector, with the exchange experiencing the crypto equivalent of a bank run.
The price of Bitcoin dropped more than 13% to its lowest level since November 2020, according to CoinDesk. Ethereum also shed 13% of its value.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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