ST Explains: If blockchain is so useful, why are retail investors told to stay away from crypto?

There are many new blockchain projects and their associated tokens being created daily by clever coders. PHOTO: AFP
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SINGAPORE - Cryptocurrencies are going through a period of high volatility as interest rates rise and investors redirect their capital into less risky assets.

Bitcoin, the world's largest token, has fallen to a two-year low of around US$20,000 since the Federal Reserve raised rates by 75 basis points on June 16.

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