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Crypto is crashing. Why?
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Manage episode 332181280 series 2455762
Content provided by CBC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CBC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
After many months of hype, the cryptocurrency market is crashing. Last week, the trading and lending platform Celsius Network paused all withdrawals, citing extreme market conditions. Another trading platform, Coinbase, laid off nearly 20 per cent of its workforce warning of a potential extended "crypto winter." Some $2 trillion in value has been wiped out. Today, how that wipeout has been felt by one cryptocurrency investor. Plus, an explanation of why this crash is happening now, and what could be next, from New York Magazine business and economics reporter Kevin Dugan.
…
continue reading
1614 episodes
MP3•Episode home
Manage episode 332181280 series 2455762
Content provided by CBC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CBC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
After many months of hype, the cryptocurrency market is crashing. Last week, the trading and lending platform Celsius Network paused all withdrawals, citing extreme market conditions. Another trading platform, Coinbase, laid off nearly 20 per cent of its workforce warning of a potential extended "crypto winter." Some $2 trillion in value has been wiped out. Today, how that wipeout has been felt by one cryptocurrency investor. Plus, an explanation of why this crash is happening now, and what could be next, from New York Magazine business and economics reporter Kevin Dugan.
…
continue reading
1614 episodes
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