Cryptocurrency Analysis and News Portal
Despite several high-profile cryptocurrency implosions, the number of people working in the industry has soared over the past four years.According to findings by the crypto research startup K33, the number of crypto-related employees has surged nearly 160% since 2019.In a report titled “The Emerging Crypto Industry,” K33 estimated that the
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2022 was a year of phenomenal cryptocurrency blowouts, as several projects collapsed and many more are on life support after the entire ecosystem was shattered. The fallout from these digital currency projects has not only removed billions of dollars in value from the crypto economy, but also eroded trust. The
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In May 2022, Terraform Labs’ LUNA cryptocurrency and TerraUSD (UST) stablecoin collapsed, triggering a massive shock in the crypto industry. Six months later, the bruised industry took another hammering as one of the largest cryptocurrency exchanges, FTX, filed for bankruptcy protection and billions of dollars of user assets went missing.
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