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Crypto Today: The worst; BTC Decoupling; FTX Impact
Is the worst nearly over?  In this still-emerging business, volatility has always been a constant. Cryptocurrency is infamous for its steep declines and spectacular recoveries. Long-time Bitcoin supporters can confirm that this is not the first crypto winter. May cryptocurrency prices and stocks recover in 2023? Hany Rashwan, CEO of 21.co, a cryptocurrency investment business, said, “It is very evident that we as an industry need…
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BlockFi - bankruptcy - chapter 11
Two weeks ago, BlockFi banned withdrawals owing to “lack of clarification over the fate of FTX.com, FTX US, and Alameda.” As previously mentioned by the BlockFi team, the move would be directly spurred by the demise of FTX, the business that initially offered a $400 million credit line to fund the crypto-lending startup. This is in addition to the exchange formed by Sam Bankman-option Fried’s to acquire for an additional $280 million USD…
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Play-to-earn games make use of blockchain technology and give players the opportunity to generate crypto rewards for their skill and effort. Through rewarding participants with digital cash or non-fungible tokens, play-to-earn games are becoming mainstream.  City Tycoon Games is a simulation game based on Monopoly’s gameplay with social and collecting elements. Players can upgrade their buildings, expand the number of plots, collect and…
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genesis block - crypto company
El impacto del contagio de FTX continúa extendiéndose por todo el sector de las criptomonedas. Genesis Block, que alguna vez fue el proveedor de cajeros automáticos de Bitcoin más grande de Asia, es una de las empresas de la industria de las criptomonedas que sufrió la caída de FTX. Según un informe de Reuters, que fue recogido por otros medios de comunicación, la empresa notificó a sus clientes por correo electrónico que detendría su centro…
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