Opinion

Crypto winter sends chill through startups

Peter Griffin
Thu, 19 May 2022

Crypto winter sends chill through startups
The wider crypto selloff wreaked havoc on BitPrime, one of the key local cryptocurrency retailers. (Image: Getty)
Peter Griffin
Thu, 19 May 2022
Kiwi crypto enthusiasts are licking their wounds following last week’s collapse of the TerraUSD (UST) stablecoin and the plunge in the value of cryptocurrencies that followed it.Web forums are full of stories of the pain crypto owners have suffered. One investor in Luna, the digital token associated with TerraUSD and who posts under the name Ismail Kaz in the Crypto New Zealand Community Forum, published a screenshot of his crypto wallet, showing a $178,000 loss. He was refreshingly open about it.“Too many people are out here showin...

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