Recent years have seen spectacular growth of the digital asset lending market, with growth in locked assets, number of users, and attention grabbing interest rates that seem too good to be true.

In June 2022, the whole crypto industry experienced one more wave of panic caused by uncertainty.

“Will this crypto winter be the last?”

We all enjoy seeing our investment portfolios turn green as numbers hit all-time high levels, however, the crypto market has a cyclic nature, which means that there are periods of time when users also have to tolerate losing their funds. 

The bull market favors investors that take good advantage of the bear market to accumulate assets at cheaper prices.

For now, of course, we'll be content with what we have, but we have quite a lot compared to the previous crypto winter, heh! Invest wisely! Diversify all risks!

...and he did so by using stolen FTX customers' funds to 'rescue' other industry players like Blockfi, per lawsuit

The year 2022 brought a number of financial problems for investors toward the end, a period which has become known as the crypto winter of 2022.

In 2023, the total market cap of all cryptoassets, including stablecoins and tokens, exceeds $1 trillion as reported by CoinMarketCap.

The markets are down and crypto has been falling — so it’s the perfect time for artists to get to work on their next creation.

Like many other cryptocurrency market participants, FTX did not have fully developed controls and risk management protocols.

In the early morning hours of November 11, 2022, Mr. Bankman-Fried stepped down as CEO of FTX. FTX subsequently filed for bankruptcy.

Bitcoin saw its price drop by more than 65%, from a high of approximately $67,000 in late 2021 to about $20,000 in the summer of 2022.

Exploring crypto startup investments amid volatility. Addressing concerns, regulations, and rewards. Is it a minefield or goldmine? Discover now.