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BlockFi files for bankruptcy, as rumored
This has been rumored since the downfall of FTX and most thought it was coming last week. Even though it's not a surprise, there's always the risk of counterparty calls on capital and dominoes falling. The company says it has $256.9m in cash on hand, which should support ongoing activities. It also said platform activities will remain suspended at this time.
However the headline itself shouldn't be a big market mover in crypto, which is trading is a curiously tight range today.
... Read More Posted: Nov 28 2022, 15:20
Author Name: forexlive
Views: 111222