Current State Of Cryptocurrency (Part 2)
A Deep Dive: Autumn 2023
Part 1: Link
Crypto Cash Flow β How To Buy & Sell Cryptocurrency, NFTs, and Nodes:
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Notable Developments
The collapse of TerraUSD and Luna: In May 2022, the TerraUSD (UST) stablecoin and its sister token Luna collapsed. This led to a loss of billions of dollars for investors and caused a major shakeup in the cryptocurrency market.
The rise of centralized exchanges (CEXs): Centralized exchanges, such as Binance and Coinbase, have become increasingly popular. This is due to the fact that they offer a more user-friendly experience and lower transaction fees than decentralized exchanges (DEXs).
Increasing investment from institutional investors: Institutional investors, such as hedge funds and pension funds, areβ¦