FTX and BlockFi bankruptcies spook Visa and Mastercard
The downfalls of major firms like FTX and BlockFi have led Visa and Mastercard to postpone a number of crypto-related products and services.
Unredacted document shows $1.2B in BlockFi assets linked to SBF
Financials published by mistake showed that BlockFi has over $1.2B tied to FTX and Alameda — way more than the $1.02B previously claimed.
BlockFi blames FTX for bankruptcy but lets bitcoin mining debt slide
Alongside the $275 million from FTX, BlockFi is also owed $54 million from bitcoin miner Core Scientific — but it hasn’t called in that debt.
BlockFi faces heavy losses from its loan to Core Scientific
Core holds 24 bitcoin and $26.6M in cash but has more than $1B in outstanding liabilities, including an $80M loan from BlockFi.
BlockFi severs ties with GBTC, its most profitable asset ever
BlockFi says it no longer invests in GBTC as a corporation at all and is merely working on settling some loans that used GBTC as collateral.
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Wyre’s corporate entities are in disarray but it may still be serving Binance US—by Protos Staff
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Binance controlled its US arm’s bank accounts for two years: Reuters—by Protos Staff
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Who really owns crypto exchange Huobi?—by Protos Staff
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Missing ‘bitcoin millionaire’ and crypto founder found dead in Ozarks—by Protos Staff
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Crypto banking giant Silvergate is no more following NYSE delisting—by Protos Staff
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Richard Heart’s Pulse launch flops, users stranded, HEX crashes—by Protos Staff
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‘Giancarlo’ keys managed poorly says post-hack Bitfinex security report—by Protos Staff
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Bitcoin suddenly becomes second-biggest NFT blockchain—by Protos Staff
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BitBoy and another less famous Ben are giving crypto a bad name—by Cas Piancey
