In November 2022, former cryptocurrency exchange FTX filed for bankruptcy after the company had mismanaged its funds. More than one million people may have lost money as a result of the collapse. However, following FTX’s rapid fallout, some Northwestern students and faculty do not think the reputation of Blockchain, cryptocurrency’s underlying record transaction technology, or.
With the rising popularity of blockchain and cryptocurrency, Northwestern faculty and students have started their own initiatives to educate their peers about the global phenomenon. McCormick Prof. Dongning Guo said cryptocurrencies are becoming increasingly prevalent in everyday transactions. Crypto like Dogecoin and Bitcoin can be used to purchase various goods produced by companies like AT&T.