Even after the FTX collapse, Blockchain technology is not being questioned.
The pressing question is about the lack of regulations.
Lawmakers and regulators are yet to define rules for the crypto market, which opens it to deceits and bad players. 
Although the FTX collapse is considered a ‘black swan event’ in the crypto industry, the financial market has seen many such events in its history. The collapse is not a question mark on the integrity of blockchain technology, but on the lack of regulations, especially around the “point of trust.” The point where money is exchanged provides the promise of future returns. The research report by Goldman Sachs noted on Friday. 
The report notes that the crypto market follows a ‘well-trodden path.’
“A highly volatile and relatively new asset creates the potential for instant riches, drawing in many unsophisticated investors looking for the opportunity to make millions.” 
The report said this new financial instrument is not heav

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