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And, talking about the a16z move, Prime Minister Sunak enthused that:. Disclosure Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated. The implosion of FTX , which allegedly used customer money to make risky loans and trades, set off a chain reaction of bankruptcies for digital asset lending firms with exposure to the crypto giant, including BlockFi and Digital Currency Group's Genesis lending arm. Cryptocurrency and blockchain are promoted as technical innovations that leave the existing rules of money obsolete and make financial magic possible.
