What's going on with cryptocurrencies?

Cryptocurrencies have hardly been immune. Since Bitcoin hit an all-time high in November, the value of the world's most popular digital currency has fallen by about 70%, and its rivals are also suffering. Ether is down by around 70% this year, and so is Dogecoin.

How did FTX ride the Crypto Craze?

FTX rode the crypto craze to a billion dollars in revenue last year while expanding its global footprint through a flurry of acquisitions, according to internal documents seen by CNBC. The audited financials give a rare glimpse into the privately held company’s finances.

Is the crypto world in chaos?

The cryptocurrency world is in chaos. Just months ago, crypto companies were advertising heavily during the Super Bowl after virtual currencies enjoyed a dizzying rally in 2021. Today, Bitcoin and other cryptos are plunging, and companies such as Coinbase, which runs the largest crypto exchange in the U.S, are announcing layoffs.

Is cryptocurrencies a 'fear of missing out'?

The answer is simple: investor FOMO (fear of missing out). Cryptos such as Bitcoin, Dogecoin and Ethereum have served as financial hot topics for years, particularly during the Covid-19 pandemic.