{"id":38085,"date":"2022-12-14T10:02:49","date_gmt":"2022-12-14T10:02:49","guid":{"rendered":"http:\/\/egrowonline.com\/?p=38085"},"modified":"2022-12-14T10:02:49","modified_gmt":"2022-12-14T10:02:49","slug":"letter-crypto-winter-is-coming-but-heres-some-good-news","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=38085","title":{"rendered":"Letter: Crypto winter is coming, but here\u2019s some good news"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-attribute=\"article-content-body\">\n<p>The bankrupt billionaire and founder of FTX Sam Bankman-Fried is finally arrested (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/2068b928-cc17-485c-890c-3b5c2c00093c\" data-trackable=\"link\" rel=\"noopener\">Report, FT.com<\/a>, December 13). It reminds me of a Chinese idiom. When the lips are gone your teeth will be exposed to the winter chill.<\/p>\n<p>FTX rival Changpeng Zhao of Binance \u2014 according to a recent Reuters report \u2014 is being investigated by the US Justice Department for possible money laundering. The boss of the biggest crypto exchange must be wondering if a truly decentralised exchange might serve crypto users better.<\/p>\n<p>While bitcoin is struggling to recover to $17,000, Dogecoin may drop further to below $0.08. Elon Musk is rumoured to kick off a Twitter coin and the poor Dogecoin is increasingly like a Cinderella \u2014 bullied by a wicked stepmother. However, there is always a silver lining. Maybe it\u2019s good news for the $258bn Dogecoin class action.<\/p>\n<p>How long will the crypto winter last? A long and cold winter is inevitable for bitcoin and Dogecoin\u200aholders. However, according to the Chinese belief in yin and yang, the winter solstice \u2014 which falls on December 22 \u2014 is the beginning of a slow turning point. <\/p>\n<p><strong>Khaw Wei Kang<\/strong> <br \/><em>Macau<\/em> <\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiP2h0dHBzOi8vd3d3LmZ0LmNvbS9jb250ZW50L2UwZDIxNDJlLWYxYTItNGRhNS1iODlhLTk3Y2JkNTQ3YjE1M9IBAA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bankrupt billionaire and founder of FTX Sam Bankman-Fried is finally arrested (Report, FT.com, December 13). It reminds me of a Chinese idiom. When the lips are gone your teeth will be exposed to the winter chill. FTX rival Changpeng Zhao of Binance \u2014 according to a recent Reuters report \u2014 is being investigated by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[46],"tags":[135,62,203,164,2909,111,1866],"class_list":["post-38085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-coming","tag-crypto","tag-good","tag-heres","tag-letter","tag-news","tag-winter"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/02\/ft-v1.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/38085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38085"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/38085\/revisions"}],"predecessor-version":[{"id":38086,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/38085\/revisions\/38086"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/8912"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38085"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}