Crypto Pulse #40 - BlockFi files for bankruptcy. Tuesday, 29th Nov 2022 | Powered by GenShards.
29 Nov 2022, 15:20
Crypto Pulse #40 - BlockFi files for bankruptcy 🔻
Tuesday, 29th Nov 2022 | Powered by GenShards
🌎 Here's all you need to know about what's been up in the Web3-sphere lately
👉 Read the issue | 🐧 Read tweet thread |👇Read highlights below
⛰Macro Landscape
📌 Crypto lender BlockFi has filed for bankruptcy amidst the FTX fallout (source)
📌 Institutional crypto services provider Silvergate Capital has stated they have minimal exposure to BlockFi (source)
📌 As the effects of the FTX collapse deepen, politicians across Europe and the US are calling for tighter regulations on the industry (source)
📈 Markets and Ecosystem
📌 Retail investors have been accumulating Bitcoin after the FTX collapse (source)
📌 According to blockchain firm Arkham Intelligence, Alameda withdrew $240M before filing for bankruptcy (source)
📌 Binance moved $2 billion in BTC as a proof of reserves audit . This was clarified by CZ after the community got concerned regarding the move (source)
🀄️ NFTs, Metaverse & Gaming
📌 NFTs depicting the ongoing protests in China against the country’s COVID-19 policy have found their way to OpenSea (source)
📌 NFT company Candy Digital reportedly laid off a significant portion of its workforce amid uncertain crypto market conditions (source)
📌 Ripple’s XRP Ledger blockchain saw a new record NFT sale, with an XPUNK NFT (Cryptopunk clone) selling for around $44000 (in XRP) (source)
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Next issue drops Friday - stay tuned ! 📺
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