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At the end of a tour that drew some social media mockery, the billionaire brothers’ rock band received a friendly reception at a venue close to their parents’ beach house.
There are not many silver linings to be found in the cryptocurrency crash. People have lost money, often those who could least afford it. However, one welcome casualty is the army of laser-eyed social media “influencers,” toxic promoters in what must surely rank as the one of the most egregious product-placement manias in financial history. What comes next should be a healthier focus on consumer protection in an age of digital investing. The simple identifier of a pair of laser eyes — a badge of optimism that Bitcoin was headed for US$100,000 and beyond — at its peak adorned the avatar...
As employees of crypto companies lose their jobs and ordinary investors suffer huge losses, top executives have emerged relatively unscathed.
No cryptocurrency investor has been spared the pain of plunging prices. But the fallout from more than $700 billion in losses is far from even.
As employees of crypto companies lose their jobs and ordinary investors suffer huge losses, top executives have emerged relatively unscathed.