Daily Archives: June 19, 2022, 12:14 pm

The Crypto Party Is Over – WSJ

The cryptocurrency industry was built in part on swagger, enthusiasm and optimism. Bitcoin backers’ rallying cry to rebuff skeptics was, “Have fun staying poor.” Those who didn’t buy in were letting the future pass them by. *** The crypto world is no stranger to booms and busts, which many in the industry refer to as “winters.” But many investors and…

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Tether: The Coin That Could Wreck Crypto – The New York Times

Now the crypto industry is grappling with an even grimmer prospect: The worst may be yet to come. Concern is mounting over another potential vulnerability in the crypto market: Tether, a company whose namesake currency is a linchpin of crypto trading worldwide. Long one of the most scrutinized companies in the industry, Tether is facing heightened pressure from regulators, investors,…

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