Fears of crypto contagion are growing as another company's finances wobble

Enlarge this image

In this photo illustration, the FTX logo is seen on a computer on November 10, 2022 in Atlanta, Georgia. Michael M. Santiago/Getty Images

Michael M. Santiago/Getty Images

Fears that the collapse of FTX will lead to more destruction in the crypto industry are hitting almost every investor in the United States, from individuals to major Wall Street firms, with many wondering if another cryptocurrency trading platform called Genesis will fall next.

So far, those fears have not been realized, and a Genesis spokesman said

→ Continue reading at NPR - Technology

More from author

Related posts

Advertisment

Latest posts

GM pauses sales of Chevy Blazer EV over software issues | CNN Business

New York CNN  —  GM has paused sales of its brand new Chevy Blazer EVs after some customers reported...

Crypto’s 2023 was marred by fraud and scandal. It was its best year ever | CNN Business

New York CNN  —  Crypto’s 14th year in existence was one marred by scandal, bankruptcy, fraud and regulatory squabbling....

The Tantalizing Mystery of the Solar System’s Hidden Oceans

The original version of this story appeared in Quanta Magazine.For most of humankind’s existence, Earth was the only known ocean-draped world, seemingly unlike any...