November 28, 2022, 1:07PM EST • 1 min read Quick Take November 28, 2022 BlockFi files for Chapter 11 Bankruptcy Protection BlockFi estimates there will be funds left over to distribute to the more tha...
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Alameda Research Withdrew $204,000,000 in Crypto From FTX.US Days Before Collapse: Analytics Firm Arkham
Analytics firm Arkham Intelligence is unveiling the financial tracks of FTX’s sister company Alameda Research days before the now-defunct crypto exchange filed for chapter 11 bankruptcy. Arkham says t...
ECB Governing Council Member Klaas Knots: Interest Rate Hikes Far From Over
Klaas Knot, a member of the Governing Council of the European Central Bank, has hinted that the interest rate hikes cycle intended to combat high inflation is far from over. In order to combat soaring...
VRJAM Announces The Initial Exchange Offering
VRJAM, the leading platform for Web3 live events, today announced the launch of its revolutionary new digital currency VRJAM Coin will IEO on November 30th via exchanges Gate.io and MexC. VRJAM’s and...
Crypto Lender BlockFi Goes Bankrupt in Aftermath of FTX
(Bloomberg) — BlockFi Inc. filed for bankruptcy, the latest crypto firm to collapse in the wake of crypto exchange FTX’s rapid downfall. Most Read from Bloomberg BlockFi said in a statement Mond...
Price analysis: Bitcoin and Ethereum
The month is coming to a close, with Bitcoin and Ethereum prices recording their second worst performance of the month since trading began. Only in November 2018 did the monthly close surpass the curr...
Blockchain: Establishing the Human Side of the Situation
If you’ve been learning about blockchain for a couple of years, you realize how quickly it has surprised the monetary world. As a hidden distributed technology, blockchain is ordinarily connected with...
DOGE Leaps 22% on Elon Musk’s Twitter 2.0 Plans
Join Our Telegram channel to stay up to date on breaking news coverage Dogecoin price has displayed a notable move this past weekend, continuing its thanksgiving gains and rising 22% on Sunday to reac...
Elon Musk Brings Twitter 2.0 Update; Dogecoin Community Pumps DOGE Price
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Putin Wants Blockchain-Based International Payments System
The Russian president has criticized the number of sanctions imposed upon the country by the west and has called for a payment system independent from external interference. Putin Calls Sanctions “Il...
Bloomberg Analyst Says Ethereum (ETH) Will Hold Up Better Than Bitcoin (BTC) in Next Market Correction
Bloomberg Intelligence senior macro strategist Mike McGlone says that Ethereum (ETH) is showing strong support, while Bitcoin (BTC) will likely fall lower. In a new interview with Deep Dive host Cassa...
BlockFi Files for Bankruptcy Following FTX Crash
Another former cryptocurrency giant has filed for Chapter 11 bankruptcy protection in the United States. Thus, BlockFi has followed the example of companies like Celsius and Three Arrows Capital. The ...
Adidas employees raised concerns about Ye’s conduct for years, report says
Gilbert Carrasquillo | Getty The chief executive and other senior leaders at Adidas discussed the potential fallout from its relationship with Kanye West as far back as four years ago, according to a ...
Will Dogecoin be the ‘anointed one?’ Elon Musk’s tweet fuels speculation
The Dogecoin community is hopeful that Elon Musk will prefer the meme as a payment integration option for Twitter DOGE did not meet the expectation of traders who expected an uptick from the rumors Th...
BlockFi Officially Files For Bankruptcy Amid FTX Contagion Effect
BlockFi Bankruptcy News: While the crypto market continues to face the wrath of the FTX collapse, yet another company is falling prey to the contagion. Crypto lender BlockFi will file for chapter 11 b...
BlockFi Bankruptcy In The Latest FTX Casualty
(Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Key takeaways Crypto platform BlockFi has filed for Chapter 11 Bankruptcy in New Jersey, citing exposure to FTX as a major...
Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’ – Bitcoin News
On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital...
Why Bitcoin Miners’ Revenue Hits Lowest Point Since 2020
Many crypto investors are still skeptical about the profitability of Bitcoin mining. This is not surprising considering the growing rate of energy prices in recent times. Moreover, the Bitcoin miners’...
House lawmakers set first FTX hearing for Dec. 13
House lawmakers will begin their investigation into the collapse of crypto exchange FTX, and its broader impact on the digital asset industry, at a hearing scheduled next month. The House Financ...
BlockFi files for bankruptcy, cites FTX collapse for its troubles
BlockFi announced on Nov. 28 that it had filed for Chapter 11 bankruptcy. The filing in the United States Bankruptcy Court for the District of New Jersey pertains to the company and its eight subsidia...
FTX Collapse: Bankman-Fried Will Receive Zero Dollars
On the morning of November 8, Sam Bankman-Fried, founder and CEO of FTX and Alameda Research, a hedge fund that also trades in cryptocurrencies, was a billionaire. He was one of the richest men in the...
Bahamas Attorney General Defends Regulators’ Action
According to the AG, the comments misrepresented the timely action taken by the Securities Commission and used inaccurate allegations. Bahamas Attorney General, Ryan Pinder, has defended the quick act...
Central Banks and Bitcoin: Closer Than You Think
I used to think the adoption of bitcoin by central banks for their reserves would happen soon, given the urgent need in some pockets of the global economy – now I realize that getting regulators comfo...
Blockchain Applications Past Cryptocurrencies | Cryptopolitan
Imagine you’ve ordered a few apples from an online shop. In any case, when you get the conveyance, you figure out that the greater part of the apples has spoiled. However, imagine a scenario in which ...
Tech CEO accused of stealing 400 BTC via fake Ethereum rival
A Northern Ireland-based tech CEO has been charged with running a large-scale crypto scam that stole 397 bitcoin (today worth nearly $6.5 million) from victims and has been called “the first case of i...
Two Wallets Cumulatively Burn 9M+ Terra Classic (LUNC)
– Advertisement – Over 9M LUNC tokens have just been burnt in two different transactions, with LUNCDAO accounting for 4.9M of the incinerated assets and Luna Station 88 burning 4.4M. The T...
Daniel Shin To be Severely Fined for promoting $UST as Payment Method
Market News Co-founder of Terra Labs, Daniel Shin will face severe fines. Promotion of crashed $UST as payment methods on e-commerce platforms. The Financial Prosecutors may issue an arrest warrant ...
RegTech Africa Conference 2023 to elevate regulatory innovations
Digital financial services hold great promise as a means to enable financial inclusion and thus help improve people’s lives. However, cybercrime has become a key concern in developing and emerging mar...
Binance led 2017 ‘dump money’ Bitcoin investment; FTX leads 2022 cycle
Bitcoin (BTC) withdrawal patterns on centralized exchanges have changed significantly over the past five years. CryptoSlate analysis of Glassnode data on BTC’s average withdrawal price on top exchange...
Disney is the biggest winner and loser at the Thanksgiving box office
This year’s Thanksgiving box office was both feast and famine for Walt Disney. While “Black Panther: Wakanda Forever” added $64 million to its domestic tally during the five-day time...