The recent crypto crash has once again put a spotlight on the volatility and future of cryptocurrencies. Bitcoin, the grandfather of all cryptocurrencies, has lost roughly 70% of its value from a high of nearly USD $69,000 back in November 2021. Various crypto exchanges and lenders have since fallen into bankruptcy or downsized to deal with the downturn. We speak to Vincent Fong, chief editor at Fintech News Asia to get his take on the crash and cryptocurrency’s possible future. 



Image Credit: Shutterstock | Creativan

The recent crypto <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.cnbc.com/2022/07/14/why-the-2022-crypto-winter-is-unlike-previous-bear-markets.html">crash</a> has once again put a spotlight on the <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.indiatoday.in/technology/features/story/crypto-market-crash-of-2022-explained-1969070-2022-07-01">volatility</a> and future of <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.usatoday.com/story/tech/2022/07/15/nft-marketplace-opensea-layoffs-why-crypto-crashing/10068300002/">cryptocurrencies</a>. Bitcoin, the grandfather of all cryptocurrencies, has lost roughly 70% of its value from a high of nearly USD $69,000 back in November 2021. Various crypto exchanges and lenders have since <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.theguardian.com/technology/2022/jul/12/they-couldnt-even-scream-any-more-they-were-just-sobbing-the-amateur-investors-ruined-by-the-crypto-crash">fallen</a> into bankruptcy or downsized to deal with the downturn. We speak to Vincent Fong, chief editor at Fintech News Asia to get his take on the crash and cryptocurrency’s possible future.&nbsp;Image Credit: Shutterstock | Creativan

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Helping you navigate the ever-changing universe of business, from headlines to the bottom line