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Crypto Today: The worst; BTC Decoupling; FTX Impact

Crypto Today: The worst; BTC Decoupling; FTX Impact

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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...

Bitcoin, Cryptocurrencies, News

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BlockFi - bankruptcy - chapter 11

BlockFi’s U.S. bankruptcy filing

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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...

Cryptocurrencies, Front page, Main, News

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genesis block - crypto company

Genesis Block to Halt Operations Amid Potential FTX Repercussions

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The FTX’s contagious impact continues to spread across the cryptocurrency sector. Genesis Block, once Asia’s biggest Bitcoin ATM provider, is one of the enterprises in the cryptocurrency industry suffering from the FTX crash. According to a Reuters report, which was picked up by other media outlets, the business notified its customers via email that it would stop its OTC trading facility on December 10. OTC trading, also known...

Crypto adoption, Crypto regulation, Cryptocurrencies, Exchanges, Front page, Main, News

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El Salvador wants one Bitcoin a day

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Recently, in response to the FTX problem, the president said that this exchange was antithetical to the essence of Bitcoin. A few hours ago, he revealed on Twitter a significant decision: beginning immediately, he will purchase one Bitcoin each day. Bitcoin (BTC) has seen a price decrease of 64.69 percent so far this year as a result of the cryptocurrency crisis, which has been triggered by a number of events, including the failure and...

Bitcoin, Crypto adoption, Cryptocurrencies, Front page, Main, News

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Covid-Infected Bitcoin

How far does the FTX contagion go?

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Just as 2021 will be recognized as the year institutional money began to enter the crypto world, 2022 will surely be infamous for the seemingly endless list of problems and bankruptcies in the crypto world.  When it came out that Sam Bankman-Fried, the founder of FTX, had taken $10 billion off of FTX’s balance sheet to fix a problem at his sister quantitative trading firm, Alameda Research, the cryptomarkets became very...

Cryptocurrencies, Exchanges, Front page, News

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