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Death of a Crypto Company

Death of a Crypto Company

Update: 2022-07-2510
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Born in response to the 2008 financial crisis, cryptocurrency was supposed be a form of money that eliminated the traditional gatekeepers who had overseen the tanking of the economy.

But a crash in value recently has raised questions about cryptocurrency’s central promise.

Guest: David Yaffe-Bellany, a reporter covering cryptocurrencies and fintech for The New York Times.

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Background reading: 

  • No one wanted to miss out on the cryptocurrency mania. A global industry worth hundreds of billions of dollars rose up practically overnight. Now it is crashing down.
  • Celsius Network was managing more than $20 billion in assets. Last month, it became the latest crypto venture to spiral into a crisis.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. 

Comments (1)

Dima Santarskiy

There are several ways to use the https://goodcrypto.app/relative-strength-index-rsi-indicator-for-crypto-trading-an-ultimate-guide-by-good-crypto/ RSI indicator in trading. One of these ways is to use it in tandem with a trend indicator. This will ensure that you are not overly sensitive to signals that the RSI produces. The RSI is a momentum indicator and its values can swing to extremes, often leading to impulsive moves. Hence, it is important to understand when an RSI reading is overbought or oversold.

Jul 27th
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Death of a Crypto Company

Death of a Crypto Company

The New York Times