crypto

FTX Crypto Contagion Continues After BlockFi Bankruptcy

FTX Crypto Contagion Continues After BlockFi Bankruptcy

Bitcoin Magazine Head of Market Research Dylan LeClair Reacts to BlockFi’s Bankruptcy Filing on “Making Money”. Contagion fears in cryptocurrency markets continue to grow after BlockFi filed for bankruptcy on Monday due to the company’s financial ties to failed crypto exchange FTX. He now says he owes over 100,000 creditors between $1 billion and $10 …

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BlockFi Files For Bankruptcy As FTX Contagion Grips Crypto Markets |  CNN Business

BlockFi Files For Bankruptcy As FTX Contagion Grips Crypto Markets | CNN Business

New York CNN Business — Crypto lender BlockFi filed for bankruptcy on Monday, becoming the latest victim of the financial contagion triggered by the collapse of Sam Bankman-Fried’s empire. BlockFi announced earlier this month that it had halted withdrawals, citing “significant exposure” to Bankman-Fried’s FTX exchange, as well as its sister hedge fund Alameda. FTX, …

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Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Crypto lender BlockFi files for bankruptcy as FTX ripple effect spreads

Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the latest crypto casualty after the exchange’s dramatic collapse FTX earlier this month. The New Jersey court filing comes …

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Crypto Lender BlockFi Files For Bankruptcy As FTX Fallout Spreads

Crypto Lender BlockFi Files For Bankruptcy As FTX Fallout Spreads

BlockFi, a cryptocurrency lender that targeted mainstream investors hungry for a piece of the crypto mania, filed for bankruptcy on Monday, battered by its financial ties to FTX, the beleaguered exchange whose recent slump has rattled the market. crypto industry at its heart. Based in Jersey City, NJ, BlockFi primarily marketed itself to retail investors, …

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Miami Nightclub Owners Mourn Loss of 'Crypto Nerds' After FTX Collapse

Miami Nightclub Owners Mourn Loss of ‘Crypto Nerds’ After FTX Collapse

Nerdy crypto entrepreneurs who spent big in Miami nightclubs, flooding customers with cash as they ordered ‘bathtubs of champagne’ and sang along with rappers like 50 Cent, have gone quiet, owners said of South Florida locations. The sudden collapse of cryptocurrency exchange FTX and the plummeting value of digital coins has Miami nightclub owners dreaming …

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Eliminating Crypto Influencers Is One Step That Would Help Heal The Market

Eliminating Crypto Influencers Is One Step That Would Help Heal The Market

However, the crypto space is notoriously unstable, and the collapse of once-established companies such as Celsius and FTX are stark examples of how people can lose billions of dollars in crypto assets almost overnight. For this reason, influential celebrities should be fully informed about a crypto product before promoting it. With so much at stake, …

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The reason why bots dominate the crypto game?  Money-snatching developers trick them

The reason why bots dominate the crypto game? Money-snatching developers trick them

Think back to the communities you have truly enjoyed being part of throughout your life. It is likely that these were groups formed on the basis of common interests, is not it? It is because we feel a sense of belonging when we bond with others on a particular thing that we feel in particular …

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A Dozen Digital Assets Record Double-Digit Gains as Crypto Markets Begin to Heal After FTX’s Collapse

Dozen Digital Assets Post Double-Digit Gains as Crypto Markets Begin to Recover After FTX Collapse

As of this writing, the global cryptocurrency market capitalization is hovering around $842 billion on Sunday, November 27, 2022. Bitcoin prices have consolidated since the start of the week, as seven days indicate that the price of bitcoin fell by 0.02% this week. Meanwhile, as bitcoin prices remain static, a number of alternative crypto assets …

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Crypto Company Stunt Brings Giant Musk 'Goat' Statue to Tesla Factory

Crypto Company Stunt Brings Giant Musk ‘Goat’ Statue to Tesla Factory

Comment this story Comment People who have walked around Austin recently may have seen Elon Musk. But not the real person. Instead, they may have seen a sculpture of Musk’s head atop the body of a goat riding a rocket, all attached to a trailer. Complete with what appear to be flames shooting from the …

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