DeFi Protocols Surge in Popularity Amidst Ether Outflows
After Sam Bankman-FTX Fried’s exchange failed, more and more crypto traders are turning to decentralized finance (DeFi) protocols. This is because Ethereum tokens are leaving big centralized crypto exchanges like Binance and OKX. Decentralized finance (DeFi) protocols are becoming more and more popular at the same time that there are more and more signs that […]
FTX Users Declare Pay Cents on the Dollar Post Bankruptcy
The cryptocurrency exchange FTX filed for bankruptcy on Friday, leaving users’ funds stuck on the platform. One marketplace for distressed claims posted bids for a fraction of the original value of claims. People who lost money on the troubled cryptocurrency exchange FTX and want to get at least some of it back can sell their […]
Reports claims BlockFi is preparing for potential bankruptcy
According to Wall Street Journal articles, BlockFi is getting ready for possible bankruptcy following the failure of FTX. BlockFi, a cryptocurrency lending business, was similarly impacted by FTX’s decline. BlockFi stopped the withdrawals on their platform in the midst of the commotion. On November 11, the users of the New Jersey-based exchange were warned that […]
Trezor Reports Sales Revenue Increased By 300%
Trezor is certain that the latest uptick in demand is a result of investors rescuing their funds in the aftermath of FTX failure. Investors are increasingly switching to hardware bitcoin wallets as worries about centralized cryptocurrency exchanges mount in the wake of the FTX debacle. According to Josef Tetek, the company’s brand ambassador, Trezor, a […]
Visa halts debit card deal with FTX exchange
Visa had earlier planned on launching a debit card program with FTX in 40 countries, however, following the recent saga with the exchange, the deal has been called off. Due to FTX’s recent insolvency and bankruptcy troubles, Visa abruptly stopped the program just one month after the payments giant announced a collaboration with FTX to […]