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.
Latest Crypto Contagion News
BTC miner Core Scientific files for bankruptcy
Despite the filing, Core Scientific expects to continue operating normally, won’t liquidate assets and has entered into restructuring support agreement with creditors.
Bybit joins growing list of layoffs in exchanges
Bybit CEO Ben Zhou announced on Twitter that the exchange would lay off workers across the board, blaming the “deepening bear market” for the exchange’s woes.
What the US midterms mean for a digital asset industry in crisis
For Bryan Daugherty, regardless of who will dominate the midterm polls, the Congress and the Senate will likely push regulators to be more involved and focused on the digital asset industry.
Genesis suspends withdrawals amid digital currency industry meltdown
FTX's implosion could result in three things: prolonged 'crypto' contagion, enforcement of stiff asset class regulations, and weakened industry confidence.