Home Cryptocurrency News This time, the cryptocurrency meltdown will actually damage – The Occasions

This time, the cryptocurrency meltdown will actually damage – The Occasions

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America’s largest cryptocurrency trade, Coinbase, started operating a primetime tv advert up to now fortnight that includes a single tweet: “Crypto is lifeless”.

The assertion remained within the centre of the display because the authors modified and the dates scrolled backward, from this month to March 2020 to September 2017, April 2013 and August 2012. Amid a $1.6 trillion (£1.2 trillion) collapse within the value of bitcoin, ether and 1000’s of different cryptocurrencies, the not-so-subtle message was clear: don’t panic, we now have been right here earlier than.

The message was a bit ironic, after all — Coinbase traders are operating for his or her lives. The corporate pulled off an epic $85 billion stock market float final April. However from its excessive of $357 a share in November,

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