{"id":8025,"date":"2022-11-24T09:43:16","date_gmt":"2022-11-24T08:43:16","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/11\/24\/after-the-ftx-crash-heres-what-you-need-to-know-the-crypto-bubble-is-already-bursting-carol-alexander\/"},"modified":"2022-11-24T09:43:16","modified_gmt":"2022-11-24T08:43:16","slug":"after-the-ftx-crash-heres-what-you-need-to-know-the-crypto-bubble-is-already-bursting-carol-alexander","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/11\/24\/after-the-ftx-crash-heres-what-you-need-to-know-the-crypto-bubble-is-already-bursting-carol-alexander\/","title":{"rendered":"After the FTX crash, here\u2019s what you need to know \u2013 the crypto bubble is already bursting | Carol Alexander"},"content":{"rendered":"

Ordinary buyers should beware. They are being sucked into perilously risky trading that only professionals understand<\/p>\n

Following the bankruptcy<\/a> of one of the world\u2019s largest cryptocurrency exchanges, FTX, the price of bitcoin (BTC) has tumbled again. It is now about $16,500<\/a> \u2013 a far cry from the all-time high of $66,000 just a year ago.<\/p>\n

Why such a large drop in value? It\u2019s because of the highly toxic combination of an exchange (an electronic platform for buying and selling) called Binance, a stablecoin (a crypto whose price is pegged 1:1 to the US dollar or another \u201cfiat\u201d currency) called tether, and the skilled professional traders running high-frequency algorithms.<\/p>\n

Continue reading…<\/a>
\nOrdinary buyers should beware. They are being sucked into perilously risky trading that only professionals understand
\nFollowing the bankruptcy of one of the world\u2019s largest cryptocurrency exchanges, FTX, the price of bitcoin (BTC) has tumbled again. It is now about $16,500 \u2013 a far cry from the all-time high of $66,000 just a year ago.
\nWhy such a large drop in value? It\u2019s because of the highly toxic combination of an exchange (an electronic platform for buying and selling) called Binance, a stablecoin (a crypto whose price is pegged 1:1 to the US dollar or another \u201cfiat\u201d currency) called tether, and the skilled professional traders running high-frequency algorithms. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Ordinary buyers should beware. They are being sucked into perilously risky trading that only professionals understand Following the bankruptcy of one of the world\u2019s largest cryptocurrency exchanges, FTX, the price of bitcoin (BTC) has tumbled again. It is now about $16,500 \u2013 a far cry from the all-time high of $66,000 just a year ago. …<\/p>\n

After the FTX crash, here\u2019s what you need to know \u2013 the crypto bubble is already bursting | Carol Alexander<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":8026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/8025"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=8025"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/8025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/8026"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=8025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=8025"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=8025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}