STORY: From BlockFi in bankruptcy court, to why this is the fan-token World Cup, this is your roundup of the week’s big stories in virtual money.The FTX fallout has officially claimed another victim.
What Does the BlockFi Bankruptcy Mean For Crypto?
Crypto exchange BlockFi filed for Chapter 11 bankruptcy on November 28, the latest victim of the contagion triggered by the implosion of FTX earlier in the month. Troubles at the New Jersey-based exch ...
FTX, BlockFi, Voyager, Celsius: Awful Year For Crypto Investors
Investors, both retail and institutional, are living through a nightmare that seems to have no end: a series of cascading bankruptcies of crypto firms and some star cryptocurrencies. To this add the ...
Finance influencers on YouTube are facing anger and skepticism as crypto continues to reel with BlockFi’s collapse
Some viewers are questioning the credibility of finance influencers who built lucrative careers dishing out crypto and investing advice.
Fed, China and Crypto Are Fueling Market’s Recession Warning
There is a common thread in the major trends that have dominated markets this year. The Fed’s rate hikes, China’s Covid dilemma and the crypto implosion are all planting the seeds of a global recession that has yet to arrive but is starting to look inevitable.
Crypto exchange Kraken settles U.S. investigation over alleged Iran sanctions violations
Crypto exchange Kraken has agreed to pay a fine to settle civil liability related to apparent violations of sanctions on Iran, the U.S. Treasury Department's Office of Foreign Assets Control said on Monday.
Sam Bankman-Fried: Crypto’s Wolf of Wall Street
Let the consequences of failure become so dire and so unthinkable that you’ll have no choice but to do whatever it takes to succeed.” Anyone who has watched The Wolf of Wall Street knows the effect that money can have.
Russian Crypto Billionaire Dies in Mysterious Chopper Crash
A Russian billionaire has become just the latest cryptocurrency figure to die under bizarre circumstances in recent weeks. Forex Club founder Vyacheslav Taran, the president of the Libertex Group trading platform,
Solana-focused crypto wallet Phantom adds Ethereum and Polygon support
The new Ethereum and Polygon integrations are live in beta mode on Phantom’s browser and iOS and Android applications with an aim for a public launch in the first quarter of 2023, Millman said. “We’re graduating from a mono-chain wallet to a multi-chain wallet,
Elusive Chinese Billionaire Jack Ma Living In Tokyo, Report Says
The Alibaba Group cofounder has been laying low for the last two years amid the Chinese government’s crackdown on industry.
Bitcoin Climb Fails to Dispel Fears That FTX Contagion Is ‘Far From Over’
Worries about contagion from the implosion of digital-asset exchange FTX clouded a rise in Bitcoin and other cryptocurrencies Tuesday.
As BlockFi files for bankruptcy, what to know about crypto investor protections
Crypto protections fall in a gray area of the law. That has ramifications for customers at BlockFi, FTX and other distressed crypto firms filing for bankruptcy.
BlockFi files for bankruptcy as FTX contagion grips crypto markets
Crypto lender BlockFi filed for bankruptcy Monday, becoming the latest casualty of the financial contagion unleashed by the collapse of Sam Bankman-Fried's empire.
Crypto Lender BlockFi Follows FTX Into Bankruptcy
Cryptocurrency lender BlockFi filed for bankruptcy, making it the latest major digital assets company to fail since FTX, with which BlockFi is financially intertwined.
Collapsed crypto exchange FTX to resume salary payments
Crypto exchange FTX and its affiliated companies, which have filed for U.S. bankruptcy court protection, said on Monday most subsidiaries would resume ordinary course payment of salary and benefits to employees worldwide.
Snap employees to be in offices 80% of time from end-Feb (Nov 28)
A man takes a photograph of the front of the New York Stock Exchange (NYSE) with a Snap Inc. logo hung on the front of it shortly before the company's IPO in New York, U.S., March 2, 2017.