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2021-10-31

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World's richest 29-year-old says this is the biggest risk to crypto

A 'cascade, combining a big crash, liquidations,' and U.S. regulatory crackdown, says Sam Bankman-Fr

World's richest 29-year-old says this is the biggest risk to crypto

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The exchange platform is a cryptocurrency unicorn that offers derivative trading services with offices in the U.S. and the Bahamas, and is the sixth-largest global crypto exchange, according to CoinMarketCap.com.</p>\n<p>Bankman-Fried's comments come as the world's No. 1 cryptocurrency, bitcoin , was trading more than 5% lower Wednesday, at $58,000, and Ether on the Ethereum blockchain was down over 6%, at about $3,970 on CoinDesk.</p>\n<p>Meanwhile, meme coin Shiba Inu, a virtual asset that pays homage to Dogecoin , was up 64% on Wednesday.</p>\n<p>-Mark DeCambre</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2179371226","content_text":"A 'cascade, combining a big crash, liquidations,' and U.S. regulatory crackdown, says Sam Bankman-Fried\nSam Bankman-Fried, the co-founder and CEO of FTX, one of the world's most prominent crypto exchanges, says that one of the biggest potential risks to the bullish trend for the digital-asset market is a daisy chain of events alongside a regulatory crackdown.\n\"I really think...the biggest risk is a cascade, combining a big crash, liquidations,\" and a \"rule-making\" environment \"that together casts a really negative shadow over the crypto ecosystem,\" Bankman-Fried told MarketWatch on Wednesday afternoon during an interview at MarketWatch and Barron's \"Investing in Crypto\" virtual event series.\nThe 29-year old, who is a U.S. citizen but resides in the Bahamas, is a graduate of the Massachusetts Institute of Technology and boasts a net worth of around $26 billion, according to Forbes\nFTX's own valuation recently topped $25 billion in its most recent funding round. The exchange platform is a cryptocurrency unicorn that offers derivative trading services with offices in the U.S. and the Bahamas, and is the sixth-largest global crypto exchange, according to CoinMarketCap.com.\nBankman-Fried's comments come as the world's No. 1 cryptocurrency, bitcoin , was trading more than 5% lower Wednesday, at $58,000, and Ether on the Ethereum blockchain was down over 6%, at about $3,970 on CoinDesk.\nMeanwhile, meme coin Shiba Inu, a virtual asset that pays homage to Dogecoin , was up 64% on Wednesday.\n-Mark DeCambre","news_type":1},"isVote":1,"tweetType":1,"viewCount":808,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

World's richest 29-year-old says this is the biggest risk to crypto

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