BlockFi Files For Bankruptcy
BlockFi has filed for Chapter 11 bankruptcy following its exposure to FTX. The crypto lender owing over $1 billion in liabilities to various creditors was promised $675 million in collateral…
Coinsquare Exchange Confirms Data Breach
One of Canada’s largest crypto exchanges was breached in an attack that compromised customers’ personal information. Coinsquare has assured clients that their funds are safe in the company’s cold wallet…
U.S Government is One of the Largest Bitcoin Holders
After seizing over 50,000 BTC from Silk Route thief James Zhong, the U.S. government is now one of the largest holders of Bitcoin. With more than 210,000 BTC under custody,…
Binance Reserves Another $1 Billion to Crypto Recovery Fund
Binance CEO Changpeng Zhao announced that his company has allocated another $1 billion to its Industry Recovery Initiative (IRI). The fund contributed to by industry players like Polygon, Aptos and…
Japanese Megabanks To Conduct Tests For Digital Yen Starting Next Year
The Bank of Japan is working with the country’s megabanks and other private financial institutions to run a pilot testing program for its digital currency. The project expected to begin…