However, it’s not all doom and gloom. With weaker miners squeezed out, the survivors are set to thrive, according to Chris Brendler, an analyst at Wall Street investment bank DA Davidson. “Miners with higher power costs, less efficient operations, and/or leverage have underperformed while the strongest positioned are set to thrive as the “crypto winter” is already squeezing out disadvantaged players,” said Brendler.
Ripple’s Big Court Win Nonetheless Muddied Waters on Whether XRP Is a Security Deserving Tougher Regulation
In a near-vacuum of legal and regulatory clarity for crypto, district judges’ opinions on whether a given token is a...