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Nov. 15, 2022, 7:57 p.m.

Collapse of FTX raises questions about cryptocurrency’s viability

Summary

The fallout keeps growing for the cryptocurrency industry after an unexpected bankruptcy involving one of the largest and most well-known exchanges, FTX. Its downfall has renewed concerns about the safety and credibility of many cryptocurrencies and their values have plunged as well. Roben Farzad of the podcast 'Full Disclosure' joined Amna Nawaz to discuss. For a transcript of this story, click here .

Five Facts

  • Who are the individuals or groups of people mentioned in the story?
  • What is the main idea of the piece?
  • Where and When does the story take place?
  • Why did the event(s) discussed occur?
  • How do you think the NewsHour’s producers decided to produce a story about this topic?

Focus Questions

See, Think, Wonder : What did you notice? What did the story make you think? What story would you want to find out more about? Where would you go to learn more? Media literacy : What additional questions do you have about the way the story was produced (made)?

For More

What students can do : Read about the head of FTX and his influence in business and politics. Then discuss: why did so many trust in this company?

FTX head Sam Bankman-Fried’s downfall sends shockwaves through cryptocurrency

A potrait of FTX CEO Sam Bankman-Fried
FTX CEO Sam Bankman-Fried poses for a picture, in an unspecified location, in this undated handout picture, obtained by Reuters on July 5, 2022. FTX/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY
FTX CEO Sam Bankman-Fried poses for a picture, in an unspecified location, in this undated handout picture, obtained by Reuters on July 5, 2022. FTX/Handout via REUTERS

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