cryptonews
2022-11-28 20:52:00

Bitcoin Languishes Near $16K as BlockFi Bankruptcy Keeps Crypto Credit Contagion Concerns in Focus

US-based cryptocurrency lending and borrowing platform BlockFi, formerly one of the biggest in the cryptocurrency space, filed for Chapter 11 bankruptcy protection on Monday. The company indicated that it hopes to restructure and will continue operations for the time being. The platform, which gives depositors yield on their crypto holdings, had halted withdrawals earlier this month amid uncertainty due to cryptocurrency exchange FTX’s spectacular collapse.... Read More: Bitcoin Languishes Near $16K as BlockFi Bankruptcy Keeps Crypto Credit Contagion Concerns in Focus

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.