California's Department of Financial Protection and Innovation said Friday it was moving to suspend BlockFi's lending license as the regulator investigates the crypto lender. According to a DFPI press ...
The FTX fallout is continuing, and the latest domino to fall is fellow crypto platform BlockFi, which filed for bankruptcy on Nov. 28, saying this “follows the shocking events surrounding FTX and ...
The collapse started after CoinDesk last week reported on a document that seemed to suggest Bankman-Fried’s trading company, Alameda Research, had most of its assets tied up in FTT, a cryptocurrency ...
The move comes after BlockFi paused withdrawals earlier this month, citing a “lack of clarity” following cryptocurrency exchange FTX’s collapse. At the end of a rocky month (and year) for crypto, ...
Do not confound FTX's failure with protocol failure. Lending out user deposits, over-leverage, and poor tokenomics are at the root of the current contagion. "The time to buy is when there's blood in ...
It’s no secret that the crypto sector has taken some significant hits lately. The collapse of prominent exchange platform FTX has plunged the entire field into turmoil as investors ponder a highly ...
On Monday, crypto lender BlockFi filed for Chapter 11 bankruptcy protections in the aftermath of FTX’s implosion Ironically, BlockFi lists FTX as its #2 creditor after a substantial bailout earlier ...
Crypto lender BlockFi became the latest industry heavyweight to file for bankruptcy, joining Celsius Network, Voyager Digital and FTX. FTX’s collapse directly contributed to BlockFi’s filing, but the ...
In its bankruptcy filing last week, New Jersey-based BlockFi attempted to paint itself as a responsible lender hit by plummeting crypto prices and the collapse of crypto brokerage FTX and its ...
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