Crypto traders brace for more turmoil as FTX collapse sparks fear
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Nairobi, Nov. 23 -- The cryptocurrency industry is facing yet another turbulence even before it could completely shake off the ravages of the recently experienced meltdown that saw investors lose billions of dollars held in the digital assets globally.
The collapse of popular crypto exchange platform FTX is proving severely detrimental to the industry as it is shaking user confidence, putting the global market capitalisation of cryptocurrencies on another downward trajectory.
Barely a week after the troubled Bahamian crypto trading company filed for bankruptcy in the United States, the world's crypto industry had shed off at least $133 billion, bringing down the global market cap by 13.5 percent to $850 billion, according to figures fro...
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