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Will crypto survive? Sadly, the FTX debacle is unlikely to be the last

Por: MarketWatch Politics November 26, 2022

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Frances Yu: True, the loss of confidence in “exchanges” such as FTX—essentially crypto financial intermediaries—almost surely means a sustained steep drop in prices for the underlying assets. The vast majority of bitcoin transactions are done “off-chain” in exchanges, not in the bitcoin blockchain itself. These financial intermediaries are vastly more convenient, require much less sophistication to use, and do not waste nearly so... + full article



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