Why the crypto crash hit black Americans hard
W HEN THE DOMINOES fell, they fell swiftly. On May 11th shares in Coinbase, a cryptocurrency exchange, plummeted after a bleak earnings report. The next day, Terra, one of the best-known stablecoins (cryptocurrencies pegged to a real-life asset, in this case the dollar) crashed after losing its peg, triggering a sell-off across crypto markets.