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Cryptocurrency crash slims down billionaires' wealth: Report

Shortpedia

Content Team
Image Credit: the sun

Bitcoin and Ether have both fallen more than 50 percent since their record highs late last year. Amidst this free-fall, what is noticeable is the biggest losses suffered among founders of exchanges, where traders buy and sell digital currencies. According to a report in Bloomberg, Coinbase Global Inc. founder Brian Armstrong had a personal fortune of $13.7 billion as recently as November and about $8 billion at the end of March.