Thursday, November 24, 2022 • 6:40 EST
That, in five words, is how crypto would go to zero. Although fewer people will use crypto as a result of the collapse, it is very hard to imagine the number will be small enough to take its value to zero. To take out crypto entirely would require killing the underlying blockchain layers. When failed, it wiped another $200bn off crypto’s market cap. An answer requires a sense of how the industry works. Big businesses have been built on top of this world, including exchanges, investment funds and lending platforms. It collapsed in May, wiping $200bn off the market capitalisation of crypto. The total market cap of cryptocurrencies is currently $820bn. (economist.com). Continue reading.
That, in five words, is how crypto would go to zero.
On November 23rd, 2022, the Datadog Security Labs team identified a utility Python package on PyPI related to FastAPI, , that has likely been compromised by a malicious actor.