FTX crashed because of a scarcity of liquidity and mismanagement of funds, adopted by a big quantity of withdrawals from rattled buyers. It might appear to be that is the rationale why crypto hype is on the decline, but it surely’s not the only real motive. For extra context, take a look at this week’s episode of FinCap Friday under:
If you happen to’re quick on time for this exercise, strive our simplified No Tech model containing embedded questions proper within the slide deck!
Try all our FinCap Friday episodes right here. They are not date-dependent so most of the 180+ in our catalog relationship again to August 2018 may match all through the yr!
About
the Authors
Tim Ranzetta
Tim’s saving habits began at seven when a neighbor with a damaged hip gave him a canine strolling job. Her restoration, which took virtually a yr, resulted in Tim attending to know the financial institution tellers fairly effectively (and accumulating a financial savings account steadiness of over $300!). His latest entrepreneurial adventures have included driving a shredding truck, analyzing government compensation packages for Fortune 500 firms and serving to households make higher school financing choices. After volunteering in 2010 to create and train a private finance program at Eastside School Prep in East Palo Alto, Tim noticed firsthand the influence of an enticing and activity-based curriculum, which impressed him to start out a brand new non-profit, Subsequent Gen Private Finance.
Yanely Espinal
Born and raised by Dominican, immigrant mother and father in Brooklyn, Yanely is a proud product of NYC public colleges. She graduated from Fiorello H. LaGuardia Excessive Faculty in 2007 earlier than occurring to obtain her bachelor’s diploma at Brown College in 2011. As a Educate For America corps member, Yanely taught third and fourth grade in Canarsie, Brooklyn. She obtained her grasp’s diploma from Relay Graduate Faculty of Training in 2013. She spends her spare time making YouTube movies about private finance on her channel, MissBeHelpful. Yanely additionally loves to bounce, sew, paint, hearken to podcasts, and babysit her soon-to-be 7 nieces and nephews!
