Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.
Andrew Kang, co-founder of crypto funding agency Mechanism Capital, has reportedly misplaced over $430,000 in a single day after the digital asset market crashed. In keeping with Lookonchain, Kang made 14 trades in leveraged positions on Bitcoin, Ethereum, and Arbitrum, leading to important losses. The information highlights the potential volatility of cryptocurrency investments, and the dangers concerned in leveraged buying and selling. Regardless of the setback, Kang stays optimistic in regards to the long-term potential of the digital asset market, stating that “volatility is a part of the sport in crypto.”
