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For traders feeling the effects of the bear market in cryptocurrencies, Vitalik Buterin, the co-founder of Ethereum, has some wise words of advice: concentrate on the technology rather than the price, as reported by Cointelegraph.<\/p>\n
According to Cointelegraph, the recommendation was made by the co-founder of Ethereum in response to a post from self-described cryptocurrency investor CoinMamba on December 3, echoing how many cryptocurrency investors are probably feeling right now.<\/p>\n
Since the collapse of FTX and the ensuing contagion, which recently claimed cryptocurrency exchange BlockFi, the crypto industry has continued to be deluged with unsavoury news.<\/p>\n
Ankr, a decentralised finance (DeFi) protocol powered by BNB Chain, recently acknowledged being the target of a multimillion-dollar exploit on December 1.<\/p>\n
In an interview with Bloomberg in November, Buterin said that the failure of the FTX cryptocurrency exchange had lessons for the entire crypto industry.<\/p>\n
He described the FTX collapse as a \u201chuge tragedy\u201d but added that people were to blame, not technology, and that the technology underlying distributed ledgers and the crypto asset economy was still in place and stable.<\/p>\n
(With insights from Cointelegraph)<\/strong><\/p>\n Also Read:\u00a0Indonesia c.bank launches white paper on planned digital currency<\/a><\/strong><\/p>\n Follow us on\u00a0Twitter<\/a>,\u00a0Facebook<\/a>,\u00a0LinkedIn<\/a><\/strong><\/p>\n<\/div>\n !function(f,b,e,v,n,t,s)
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