After the collapse of FTX, we are starting to see other exchanges and lending platforms possibly go into bankruptcy. Genesis is on the verge of bankruptcy, and Gemini now has halted withdrawals. Nobody likes putting money into an exchange where you can’t get it out, and although the argument is always to put your holdings in cold storage, the reality is that this does nothing to solidify any trust in the ecosystem whatsoever. Granted, Bitcoin has functioned as promised, but at this point, it seems like Bitcoin is a solution looking for a problem. 12 years later and we still don’t really even know what Bitcoin is ... (full story)