What Can SMEs Learn from the Crypto Crash?
Introductory Part: The recent downturn in crypto has left many investors and businesses stunned, but it appears that a technical glitch was at the core of the meltdown. You might wonder what lessons small and medium-sized enterprises (SMEs) can pull from this calamity. In the sections below, I shall attempt to answer that query by dissecting the event and its implications.
What sparked the crypto crash?
According to Tom Lee, the Director of Research at Fundstrat, the latest downturn was ignited by a stablecoin mispricing. It led to the automated liquidation of around 2 million different accounts. The original mispricing was an astronomically small error. The stablecoin that usually equals $1 dipped to $0.65 due to a fleeting liquidity…
