In brief: Bitcoin has failed to rally as the Dow and S&P 500 keep dipping amidst fears of the global economic impact of the Coronavirus. Bitcoin has never been tested by a full-blown recession. It was launched after the 2008 financial crisis. BTC’s biggest test will be the forecasted recession...
Although crypto continues to flourish with acceptance mounting each day, there are some who still consider use cases for Bitcoin to be far less versatile than one could hope for. Many still search for more convenient replacements for the currency, including altcoins and even additions to the Bitcoin network. Among...
Summary: Thailand regulators have issued a fine to Samret Wajanasathian, the Chief Technology Officer of local crypto exchange Bitkub. Wajanasathian purchased tokens with inside information shortly before the exchange announced a major acquisition, per reports. The CTO allegedly bought $60,000 worth of KUB tokens as acquisition talks were ongoing. Thai’s...
Popular crypto veteran Arthur Hayes believes that Bitcoin can cross the $1 million mark, thanks to the U.S. Federal Reserve's new Bank Term Funding Program.
BitMEX’s Alexander Hoeptner has left the company after two years. Stephen Lutz, BitMEX’s CFO, has been named as the interim CEO of the exchange. Alexander Hoeptner, Chief Executive Officer of BitMEX, is the latest crypto CEO to leave the firm amid the crypto bear market phase. BitMEX’s CFO Lutz Becomes...
Crypto exchange Bitstamp has announced a new rule which states that it will start levying a €10 fee on some inactive accounts. The new rule will not be applicable to the US based customers. Crypto exchange Bitstamp will be levying a €10 inactivity charge on some of its users. As...
Blockchain.com is shutting down its crypto asset management division, BCAM, just 11 months after it was launched. The prolonged crypto winter forced the crypto exchange to take this decision.
Summary: Crypto lender BlockFi declared bankruptcy on Monday after exposure to FTX. The company had some 100,000 creditors and around $256 million in cash when chapter 11 was filed. FTX backed the lender with a $250 million loan following Three Arrows Capital exposure. Cryptocurrency lender BlockFi filed for chapter 11...
BlockFi has received the bankruptcy court's approval to set up the auction for its crypto mining business. The bidding process will conclude by 20 February and all deals will be subject to approval from the court.
Crypto lender BlockFi is reportedly preparing to file for bankruptcy after revealing a significant exposure to FTX. BlockFi is planning to lay off employees in the meantime.
NFT marketplace Blur's long-awaited airdrop went live earlier today. The token has since tanked more than 85% following multiple issues highlighted by the Blur community.
