The crypto industry had a rough go of it in 2022, with crashing cryptocurrency prices and a series of catastrophic bankruptcies.
Since last January, the global crypto market cap has sunk nearly 65%, falling from $2.2 trillion to $803 billion, according to CoinMarketCap. It had previously reached a peak of almost $3 trillion in November 2021.
Chad Harris, chief commercial officer of Riot Blockchain, which is building a crypto mining facility in Corsicana, felt the change in industry sentiment this year, he said at a recent Texas Blockchain Summit.
