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Episode details

World Service,29 Jun 2022,26 mins

Crypto plunge sends funds spiralling

World Business Report

Available for over a year

A major hedge fund faces liquidation following a cryptocurrency price crash. Singapore-based Three Arrows Capital has defaulted on loans of more than $700 million. Could it be a sign of worse to come? Sri Lanka has suffered another blow in its economic crisis, as the government admits a secure supply of petrol may not be available for more than three weeks. Meanwhile, the UN says there's more demand than ever for fish worldwide. We look at the effect it's having on the 60 million people employed by the industry. (Picture: Bitcoin, the most popular cryptocurrency, has endured big losses in the last 12 months. Credit: Getty Images).

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