TaoTalk.org
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Go down
avatar
Posts : 66
Join date : 2022-10-27
View user profile

Crypto assets and FTX  Empty Crypto assets and FTX

Tue Nov 22, 2022 9:43 am
In light of recent events, Coinbase is coming out and trying to be more open about its internal workings. They are going to provide Merkle tree or proof of reserves to users and investors alike. It is all under the fear that users might leave crypto altogether and it is precedented by the dropping of the shares of Coinbase by 5% Friday which have plunged about 12% since FTX began unravelling earlier this month, pushing the stock's losses to a stark 81% this year—far worse than the tech-heavy Nasdaq's 30% decline.
avatar
Posts : 64
Join date : 2022-10-27
View user profile

Crypto assets and FTX  Empty Re: Crypto assets and FTX

Mon Nov 28, 2022 7:29 am
I don't think people will leave crypto altogether, but it has surely gone downhill due to the recent events concerning FTX. It has broken people's trust in crypto and decentralized systems even though FTX was a centralised entity due to which the whole thing went done but its association with the crypto world has now shaken users. Entities associated with the name now need to come up with systems to proof that they will not pull the same card.
avatar
Posts : 21
Join date : 2022-10-27
View user profile

Crypto assets and FTX  Empty Re: Crypto assets and FTX

Today at 3:50 pm
The recent events involving FTX have understandably caused concern among users and investors in the crypto industry. The collapse of FTX and the resulting loss of trust in the company and the industry has led to a decline in the stock price of Coinbase, a major player in the crypto space. While it is understandable that some users may be hesitant to trust crypto companies after the events involving FTX, it is unlikely that people will completely abandon the industry. Crypto and decentralized systems have the potential to offer many benefits, and it is important for companies like Coinbase to take steps to rebuild trust and ensure that their practices are transparent and fair.
Back to top
Permissions in this forum:
You cannot reply to topics in this forum