Crypto lender BlockFi files for bankruptcy, cites FTX exposure
Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest industry casualty after the firm…
Tag: cryptocurrency
FTX Token Plummets as Market Fears Possible Alameda Contagion
FTT has declined nearly 20% over the course of an hour, with Solana’s SOL down 17% and Serum’s SRM off 10%. Fears over another meltdown…
FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT Token
The head of FTX sister company Alameda Research offered to buy as much FTT as Binance wants to sell. As speculation mounted over the weekend…
Almost 50% of Gen Z and Millennials want crypto in retirement funds: Survey
Nearly half of Gen Z and Millennials are also already invested in digital assets outside of their retirement funds and cited “inflation” as the biggest…
Fidelity Digital Assets will begin offering ETH to institutions later this month
Fidelity Digital Assets will start offering its institutional customers the ability to transact with ether on Oct. 28, a spokesperson confirmed to The Block. “Investors…
Bitcoin Stuck in a Rut as BofA Survey Reveals ‘Long Dollar’ Is Most Favored Trade
Bank of America’s October survey of fund managers showed “long dollar” as the most sought after bet for the fourth straight month. Bitcoin (BTC) was…
Google and Coinbase partner on plan to offer crypto payments for cloud services
Google and Coinbase revealed plans for a strategic partnership which would allow select customers to pay for cloud services using crypto from early 2023. The…
Morgan Stanley Says Crypto ETPs Continue to Grow Despite Bear Market
There are more than 180 crypto ETF/ETP and trust products, and half of these have launched since the bitcoin bear market started, the bank said.…
Bitcoin Off Lows as Bank of England’s Bond Market Intervention Raises Hopes for Fed Pivot
The hope is the U.S. central bank will scrap its tightening policy that has hit crypto prices. Bitcoin (BTC) recovered from daily lows after the…
FTX in talks to raise up to $1 billion at valuation of about $32 billion, in-line with prior round
Sam Bankman-Fried’s crypto conglomerate FTX is in talks with investors to raise up to $1 billion in new funding that would keep the company’s valuation…