The recent crypto winter plunged some crypto firms into insolvency. Also, the collapse of Terra algorithmic stablecoin and its native token, LUNA, aided the devastating effect of the bearish trend. As a result, almost all the assets in the crypto space experienced a massive decline in their prices and values. The overall events brought billions of dollars on the part of investors.
Though many firms were affected by the impact of the bearish markets, some felt more of the blow. The majority are crypto lending firms that offer high rates in their services. Hence, they had to devise ways to stay afloat through the raging storm of liquidation.
Some of the struggling companies had to freeze their users’ accounts, making it impossible for them to access their funds. This created more tension in the crypto space as some investors started losing confidence in the crypto industry and its potential in the long term.
One of the firms that received a severe blow from the bearish trend is...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...