16.06.2024 - Crypto Would Be Better Off Remaining A Niche; The greatest crisis in crypto so far has been, undoubtedly, the rapid decline and tremendous fall of FTX. At the time of the collapse of what turned out to be Sam Bankman-Fried’s personal piggy bank, it was the third-largest crypto exchange. Its demise caused shockwaves across the industry, bringing down not just prices but a litany of companies. At the time, in late 2022, it was unclear if crypto as a concept would ever recover – the blatant fraud of what was, up to then, among the most consumer-savvy and trusted crypto companies appeared to confirm the widespread assumption that all of this was just artifice covering up fraud.
Today, things are looking up, though there...