Fintech

Crypto market ‘very ripe’ for deals amid blowout

With valuations slashed after a meltdown, ‘this is a very ripe scenario for some M&A’

In the rubble-strewn land of virtual currencies, cash is king.

A blowout in the cryptocurrency market sparked a wave of layoffs, punished valuations and drove some companies to bankruptcy. Now firms that still have capital are gearing up for a shopping spree.

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