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Why the crypto winter could be a Lehman moment
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fnlondon.comWhen a traditional bank fails, a SWAT team of regulators swoops in, winding it down in secret and preventing a panic that could spread throughout the financial system. In cryptocurrency banking, the demise happens in full public view — and there is no regulatory SWAT team to keep the markets calm.
That story unfolded this past week as Celsius Network, a major crypto lender that had more than $11bn in deposits, froze withdrawals. “Celsius has billions in liquidity,” chief executive Alex Mashinsky said publicly on Friday, 1o...
Read more on fnlondon.comAbout this in other media
Layer-1 blockchains: How crypto winter could slow the challenge to Ethereum cointelegraph.com /2 years ago
Don’t Fear the Reaper: Why the Market Downtrend Is Good for Crypto cryptonews.com /2 years ago
Crypto Market Resurgence: Is the Crypto Winter Finally Over? blockchain.news /2 years ago
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