BlockFi wins court’s approval to auction BTC mining assets
BlockFi told the court that the current upswing in the BTC mining sector makes it the ideal time to sell, with the judge approving a February 20 deadline for bids.
Latest BlockFi News
Farewell to 2022… Hello 2023!
2022 witnessed the dashing dreams of BTC loyalists who called for the price to hit $100k, given their infallible plan to get rich by HODLing, while the Defi crowd got their time in the sun.
DOJ opens probe into FTX ‘hack’ while SBF gets a new judge
The DOJ is looking into the $372 million hack from FTX-controlled wallets that occurred the day after the embattled firm of former CEO Sam Bankman-Fried filed for Chapter 11 bankruptcy.
BlockFi seeks to reopen withdrawals, but there’s a catch
The defunct digital asset lender will only reopen withdrawals for Wallet Accounts, and just as with Celsius, users with interest-earning accounts won’t benefit.
Bankrupt BlockFi seeks FTX assets, SBF’s true confessions continue
The bankruptcy of digital asset lending/custodial platform BlockFi is the latest casualty of the FTX exchange’s collapse, while FTX’s founder continues his carefree existence in his alternative reality.
FTX.US, BlockFi halt withdrawals as ‘crypto’ fear goes viral
The FTX exchange may have filed for bankruptcy protection but there’s no real defense against the sector-wide carnage this scandal has unleashed.
8 states file enforcement actions against digital asset lender Nexo
The states, among them California, Oklahoma, and New York, ordered Nexo to halt its interest-earning product, which they claim is an unregistered security.
Why did ‘crypto’ go risk-on from risk-off?
The risks of investing in the digital currency industry remain high as Fed continues to tighten its policies to counter inflation, while fear spreads among potential investors caused by manipulative platforms.
SEC chief Gary Gensler fires warning shot at ‘crypto’ companies
Gensler’s message for digital currency businesses was that although their platforms and services revolve around distributed ledger technology does not mean that existing securities laws do not apply.
Vauld granted 3-month creditor protection in Singapore
The collapsing digital asset lender Vauld applied for a six-month moratorium, but the Singaporean judge ruled that this would impact supervision and monitoring.
California watchdog announces probe on multiple digital currency lenders
The regulator revealed its investigations have already found that BlockFi and Voyager have been offering unregistered securities and is going after others.
The case for a multi-year digital currency bear market
The conditions are ripe for a long ‘crypto winter’ from which many coins will never recover, and as we can all see, it’s a multi-faceted problem with no easy solutions in sight.