BlockFi filed for Chapter 11 bankruptcy in November 2022 citing exposure to the just collapsed FTX. The plan to sell off the loans backed by Bitcoin mining machines is part of the bankruptcy proceedings. Bidders have until before the end of January to submit offers.
Bitcoin’s rally from December lows after the FTX collapse surprised many investors, Glassnode says in its weekly report. Bitcoin could see further upside but a fresh buy signal is likely at prices around $28.3k. Selling pressure above $23.3k is more likely given short-term holders and
Key Takeaways Ethereum has historically outperformed Bitcoin in bull runs The pattern has flipped to start the year, with Bitcoin dominance rising Our Analyst Dan Ashmore jumps on-chain to look through history, and show how and why the pattern is changing The Flippening, huh? Nothing
=nil; Foundation has raised $22 million in a funding round led by Polychain Capital. The firm will use funds to build a zero-knowledge proofs marketplace for Ethereum and L2s. Apart from improving security and scalability, blockchains using =nil;’s Proof Market will not need centralised intermediaries
Understand how blockchain technology and cryptocurrencies like Bitcoin work and how they affect financial innovation. Consumer interest in crypto and blockchain, and the digital transactions revolution, are driving financial expansion. What are the benefits of using cryptocurrencies and how will these drive financial expansion in
There are changes in technology and cross-border payment systems As adoption grows, cryptocurrency and DeFi transactions are proving triumphant We list the three key trends of cross-border payments in 2023 Soon, international money transfers will work just like any other fintech product, including internet banking
Cryptocurrencies have been around for more than a decade, yet they still haven’t become a mainstream payment option. Advocates of cryptocurrency tout its advantages, such as its decentralization and rapid transaction speed, while detractors point to its volatility and lack of regulation. As much as
Blockchain is changing industries and bringing the benefits of the new technology to every day life. Medical innovation and data confidentiality are big trends. Blockchain technology in gaming, supply chain management and digital identity verification are also huge steps. In recent years, application cases for