(Bloomberg) -- For a generation of alienated techies, crypto's all-for-one ethos was its biggest draw. Now panic is spreading across this universe — and that same ethos is posing what may be the biggest threat yet to its survival.Most Read from BloombergDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinThe Wheels Have Come Off Electric VehiclesSupreme Court Crimps Biden’s Climate Agenda With Limits on EPAStock Doomsayers Vindicated in Historic First Half: Markets WrapTrump’s Final Scene D
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(Bloomberg) -- The crypto market’s recent crises are prompting some major soul-searching among a very important constituency: the venture capitalists who have pumped billions of dollars into the industry over the past two years.Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsElon Musk Says New Tesla Plants Are ‘Money Furnaces’ Losing BillionsPowell Says Soft Landing ‘Very Challenging;’ Recession Pos