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What future do cryptocurrencies have after the fall of FTX? | Inside Story

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One of the world’s largest crypto exchanges says it is investigating hundreds of millions of dollars of unauthorised withdrawals.
Analysts say millions of dollars worth of assets, have been moved from the platform.
FTX filed for bankruptcy on Friday.
It says it wants legal protection as it looks for ways to return money to customers.
Crypto prices have been sliding all year, but the collapse of FTX stands out.
So, what does this collapse mean for investors – and the industry?

Presenter: Hashem Ahelbarra

Guests

Robert Koepp, chief executive officer of Geoeconomix, a global economic and strategy advisory firm.

Zennon Kapron, founder and director of Kapronasia, an independent research and consulting firm focused on the Asian financial services industry.

Glen Goodman, consultant to the financial investment platform, eToro, and author of The Crypto Trader.

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29 Comments

  1. Genuine question, why is it Al Jazeera using African Public footage in delivering news of FTX collapse, yet, using BITCOIN picture when delivering news about cryptocurrency?

  2. lesson …… don't link your crypto business to the Politician it will collapse…… hail to XRP

  3. Short answer is Crypto has no Future, it is gambling not investing, criminals love it because they can use it to steal and hide their corrupt activities.

  4. Buy Ethereum it’s got a more stable blockchain I think. It’s not just being used in the USD . It’s Got NFTs that are being traded left right and Center. NFTs are a good utility to have pegged to the coin 🪙. Go ethereum BLOCKCHAIN!!!!

  5. The warning was QuadraCX exchange in Canada under Gerald Cotton gambled with crypto deposits & lost big leading to 2019 bankruptcy.

  6. I'm glad i got into crypto when I did because it’s been a turning point for me financially, been my best decision so far

  7. I'm so happy I made productive decisions about my finances that changed my life forever.. I'm a single father, bought my second house in October and hoping to retire from my job next year if things keep going smoothly for me.

  8. Most times it amazes me greatly the way I move from an average lifestyle to earning over 63k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

  9. The biggest racket in the world taken money of ignorant people it's worst than horses at least in the horses you see the horses in the cryptocurrency you see nothing only your money disappearing by those Crook's but he said sorry

  10. Interesting news! But I think that now it is worth to earn steadily, and steadily you can earn only on Crypton cryptocurrency.

  11. I remember when I just got into crypto back in 2017 but later in 2018 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2021 and looks like we have the same mentality, I admit that seeing a -50% hurts but it's not a realized loss until you sell. Now I buy and just trade and I'm super picky who I listen too for crypto analysis..with Florence Osborn in few weeks, I have made over 22btc with Florence Osborn Signal in few weeks, this is one of the best medium to backup your assets incase it goes bearish.

  12. Who would believe that an unregulated financial system would run true?
    Crypto is rife with money-laundering and other illegal activities.
    Greedy fools ripped off by unscrupulous players, as it has always been…

  13. > what went wrong?
    > governance and lack of oversight

    yet another propaganda to push for crypto regulation.

    the problem with FTX had been endlessly stated before : CENTRALIZED exchanges is a trap. it defeats the purpose of a DECENTRALIZED currency, coz you surrender control of your assets to the owner of the exchange, for as long as your assets remain in the exchange.

    solution? don't keep your assets in centralized exchanges.

    problem fixed.

    the only remaining thing to do is to go after SBF/FTX legally and financially.

  14. Useful features, but still this messenger is not safe, so it is worth using the decentralized ecosystem Utopia p2p.

  15. Market cycle still hasn't met its balance, we keep going round in circles while waiting for that bullish run on a great support. Binance opted out to bailFTX, resultin in an increase in selling pressure…But, in the mean time we could always ignore the market ups and downs and stay fully invested. Big thanks to Kevin Sherwood for helping me earn over 9btc by implementing his method and following his guide….

  16. If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

  17. Why would you get tokens instead real coins? And why would you leave your coins in the exchange? People deserve that for not getting informed. And then crying like babies. If you invest in crypto without learning what is it, you are a greedy sucker. Crypto is the future, don't forget that.

  18. The price of BTC declined over 15% and even trade below 16k. Binance opted out to bailFTX, resulting in an increase in selling pressure… this has caused all altcoins to follow suit at the moment, if BTC fails to recover by the next major support..then a massive lower low is expected. Ruby Benally stated her bullish stand on the market regardless of the market volatility and I’ve been able to make over 22.4btc from her insights and accurate daily signals using 3.7btc…staying one step ahead is always rewarding at this time.

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