Crypto crisis: how digital currencies went from boom to collapse

Yuri Popovich lost $10,000 (£8,200) on a'stablecoin' that was supposed to be pegged to the dollar. He says he trusted a ‘stable and reliable’ cryptocurrency, not speculating, but simply to save. Popovich says his losses were “devastating” but he stopped “sleeping’s” to make up the shortfall. The latest generation of NFTs try to focus on “utility” rather than “fungible” tokens, like collectibles, but lack of functional utility led to a boom and bust of the sector in 2021, he says. He lost 4kg on terra, a “stablecoin” Source