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World’s Largest Asset Manager BlackRock Chief Executive Says More Crypto Firms Will Fall Following FTX Collapse

Despite the recent collapse of FTX, the technology behind cryptocurrency remains relevant for the future, according to Larry Fink, the CEO of major investment fund BlackRock. "We're going to have to wait to see how this...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

World’s Largest Asset Manager BlackRock Chief Executive Says More Crypto Firms Will Fall Following FTX Collapse
Despite the recent collapse of FTX, the technology behind cryptocurrency remains relevant for the future, according to Larry Fink, the CEO of major investment fund BlackRock.
"We're going to have to wait to see how this all plays out [with FTX]", Fink was quoted by the news agency Reuters. "I mean, right now, we can make all the judgment calls and it looks like there were misbehaviors of major consequences.”...
Read More: World’s Largest Asset Manager BlackRock Chief Executive Says More Crypto Firms Will Fall Following FTX Collapse

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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