BlockFi Files for Bankruptcy Following FTX Crash
Another former cryptocurrency giant has filed for Chapter 11 bankruptcy protection in the United States. Thus, BlockFi has followed the example of companies like Celsius and Three Arrows Capital. The…
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Prospects Don’t Look so Hot for Sam Bankman-Fried’s Invitation-Only Crypto Bahamas Event
Following the FTX collapse and amid the aftermath, people have been wondering about the company’s Crypto Bahamas conference that was scheduled to happen on April 17-20, 2023, at the exclusive…
CoinList Breaks Silence, Assures Users it Is Not Near Bankruptcy
Crypto exchange CoinList said it is not near bankruptcy as it addressed the ongoing FUD. It added that it is not insolvent or illiquid and is just experiencing technical issues…
$600M in Bitcoin options expire on Friday, giving bears reason to pin BTC under $16K
Bears are better positioned for Friday’s $600 million BTC options expiry, but bulls can flip the tables if Bitcoin price trades above $18,000.
Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations
Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that…
BlockFi Exploring Bankruptcy in Response to FTX Fallout: Report
BlockFi is looking for answers to its liquidity troubles caused by its heavy exposure to FTX – and bankruptcy is reportedly on the table. The crypto lending firm is already…
2 More Crypto Platforms Pause Withdrawals as Liquid Global and Salt Lending Cite Exposure to FTX
On Nov. 15, 2022, the crypto exchange Liquid Global revealed that it has suspended fiat and crypto withdrawals “until further notice.” The same day, customers leveraging the crypto lending platform…
FTX collapse could see crypto sector layoffs accelerate
While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.”
FTX Fallout Continues: Visa Dumps FTX, BlockFi Still Suspended, Crypto.com Skirts a Bank Run
The fallout from the FTX saga continued over the weekend and into Monday with little sign of slowing. FTX Breaks Off Visa Partnership Visa has ended its partnership with FTX....
Payments company Curve bids for BlockFi’s 87,000 credit card customers
A Curve spokesperson has confirmed they have been in negotiations to acquire BlockFi's credit card program's customers since Nov. 12.
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