Crypto Contagion Lesson For Lenders: Stay Out Of Bitcoin Mining

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The collapse of two giant crypto lending businesses that also mined bitcoin yields a few interesting lessons.“Contagion” is the most popular word in crypto after the disastrous fallout of the past year. And dominos keep falling as investors painfully realize how closely intertwined the entire cryptocurrency industry is. Hundreds of billions of dollars were incinerated.And bitcoin mining companies have not completely avoided this. In fact, a unique type of mining business failed catastrophically, which could provide valuable lessons for future entrepreneurs. The combination of crypto lendin ...

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