The knives are out for the crypto industry. After a series of blow-ups of crypto hedge funds, brokerages, lenders, miners and stablecoins like Terra-Luna came the dramatic collapse in November 2022 of the world’s second-largest crypto exchange, FTX.
In a scathing blog post on Nov 30, two senior officials of the European Central Bank (ECB) targeted the crypto industry’s flagship asset Bitcoin, pointing out that it was “on the road to irrelevance”.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
