Monday, November 21, 2022

CONSEQUENCES OF FAKE MONEY - Collapse of FTX

"Collapse of FTX raises questions about cryptocurrency’s viabilityPBS NewsHour 11/15/2022

REMINDER:  Cryptocurrency does NOT have any government backing, you have to trust someone you DO NOT know and likely can't get in contact with.

Excerpt

SUMMARY:  The fallout keeps growing for the cryptocurrency industry after an unexpected bankruptcy involving one of the largest and most well-known exchanges, FTX.  Its downfall has renewed concerns about the safety and credibility of many cryptocurrencies and their values have plunged as well.  Roben Farzad of the podcast 'Full Disclosure' joined Amna Nawaz to discuss.



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