After the FTX crash, some urge for a return to bitcoin’s decentralized beginnings to safeguard financial assets
Join Our Telegram channel to stay up to date on breaking news coverage During these difficult times, as rumors fly about how much cryptocurrency will be worth following the catastrophic collapse of the cryptocurrency exchange FTX and other significant platforms, a crucial question has emerged: “Who will keep your cryptocurrency safe?” As a result, some members of the cryptocurrency community are urging a return to its decentralized origins. “Not your keys, not your coins” is one of the movement’s rallying cries. Or, only have faith in yourself. But in order to do so, people must manage their own cryptocurrency wallets, which is a trickier but safer method that necessitates creating sophisticated passwords and occasionally purchasing real hardware to store money as opposed to entrusting it to an exchange. A company like FTX was intended to keep your funds, but instead, they ended up lending them out, stated Tracy Wang, deputy managing editor at t...