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Cryptocurrency didn’t have a great year in 2022. In the first half of the year, the crypto winter started. This was marked by a collapse of popular cryptocurrencies Luna and TerraUSD. Things did not get any better in the last quarter of the year. Instead, several crypto companies filed for bankruptcy. With this ongoing crypto winter, punters wonder if they can still place sports bets using cryptocurrency on the FIFA 2022 games.
The Fall of FTX
There have been several crypto winters since bitcoin gained recognition. However, this winter has taken longer than analysts anticipated. While crypto enthusiasts expected an upward trend, things became worse for the industry. One unexpected event that worsened things was the fall of FTX.
In November 2022, after a spat with Binance founder Changpeng Zhao, FTX started facing financial difficulties. Also, in the same month, the company’s founder announced that it was insolvent and filed for chapter 11 bankruptcy.
Soon after
We współpracy z: https://en.cryptonomist.ch/2022/12/07/crypto-winter-safe-place-sports-bets-crypto/
