[ad_1]
The bankrupt billionaire and founding father of FTX Sam Bankman-Fried is lastly arrested (Report, FT.com, December 13). It jogs my memory of a Chinese language idiom. When the lips are gone your tooth can be uncovered to the winter chill.
FTX rival Changpeng Zhao of Binance — in keeping with a current Reuters report — is being investigated by the US Justice Division for potential cash laundering. The boss of the largest crypto alternate should be questioning if a really decentralised alternate may serve crypto customers higher.
Whereas bitcoin is struggling to get better to $17,000, Dogecoin might drop additional to under $0.08. Elon Musk is rumoured to kick off a Twitter coin and the poor Dogecoin is more and more like a Cinderella — bullied by a depraved stepmother. Nonetheless, there’s all the time a silver lining. Perhaps it’s excellent news for the $258bn Dogecoin class motion.
How lengthy will the crypto winter final? A protracted and chilly winter is inevitable for bitcoin and Dogecoin holders. Nonetheless, in keeping with the Chinese language perception in yin and yang, the winter solstice — which falls on December 22 — is the start of a sluggish turning level.
Khaw Wei Kang
Macau
[ad_2]
Source link