BlockFi Files for Chapter 11 Bankruptcy

On Monday (28 November 2022), troubled crypto lender BlockFi announced that it had filed for Chapter 11 bankruptcy protection. According to the press release, BlockFi Inc. and eight of its affiliates today “commenced voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey… […]

Gnosis CEO Explains Why $WETH Will NEVER Lose Its 1:1 Peg to $ETH

On 27 November 2022, Martin Köppelmann, Co-Founder and CEO of Gnosis, and independent Ethereum educator and consultant Anthony Sassano explained what Wrapped Ether is ($WETH) and why it is not in danger of losing its 1:1 peg to Ethereum ($ETH). Here is how Binance Academy explains Wrapped Ether ($WETH): “Wrapped Ether (WETH) refers to the […]

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Geopolitical Tailwinds Have ‘Strengthened Long-Term Value Proposition’ of Crypto: CryptoCompare Report

In a wide-ranging report leading cryptocurrency market data and index provider CryptoCompare has suggested that in the short to medium term it sees a recession in global financial markets, although geopolitical tailwinds have “strengthened the long-term value proposition” of crypto. In its Outlook 2022 report, CryptoCompare details that in financial history there have been instances […]

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