Crypto’s great retail haircut

Published by
City AM

By Darren Parkin The world of cryptocurrencies has seen its fair share of successes and failures. The three recent scandals of Celsius Network, BlockFi and FTX will go down in history as examples of what excessive greed can lead to. All three platforms promised to revolutionize crypto by offering high-interest savings accounts, lending services, and other financial products, including crypto exchanges. However, despite their early promise, each has suffered setbacks that left investors reeling, no longer worried about a return on their capital, but a return of their capital. Pyramids and Ponzi…

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