Six months into 2022 and the crypto industry has been hit by several blows.
NFTs and crypto projects were victims of a catastrophic exploit that is reminiscent of the dark days of 2017.
Optimists are hopeful for better days in the second half of the year.
2022 began with a lot of promise for investors in the crypto space but six months down the line, the fairy tale is turning into a grim nightmare.
The good, bad and ugly
By the end of 2021, crypto prices were surfing at all-time highs with the global market capitalization within arm’s reach of $3 trillion. Bitcoin had touched $68,000 and enthusiasts made valiant predictions that the asset would breach the $100,000 mark within the first two quarters of 2022.
2022 rolled by but the predictions did not come through. Instead, the industry was rocked by one scandal after another that shaved off a chunk of value from the cryptocurrencies. Non-fungible tokens (NFTs) were the first to fall victim after OpenSea, the largest NFT marketplace,...
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