(L-R)Sean Coughlin and Vivian Isaboke of Bressler Amory & Ross. Courtesy photos The Coldest Crypto Winter: A Look at Cybercrime and Bankruptcy
It comes as no surprise as we enter the second half of the year that the crypto winter has reinforced the perception of critics that digital currencies are "risky, flawed and unproven digital financial instruments." Consequently, investors and financial advisers have found themselves seeking stability through regulatory avenues to provide them with a level of transparency, protection and security.
September 23, 2022 at 11:30 AM
8 minute read
Cryptocurrency markets experienced significant losses during the first half of 2022 as the market's capitalization declined from $2.9 trillion at the end of 2021 to less than $900 billion at the beginning of June 2022. The most popular cryptocurrency, Bitcoin, was trading at about $21,493, down 54% from the start of the year. Ethereum, the second-biggest crypto by market cap, was down about 56% year-to-date, trading at $1,651.
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