FTX

BlockFi suspends withdrawals, citing FTX’s difficulties.

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BlockFi

BlockFi, a cryptocurrency lending platform, has temporarily suspended withdrawals because of issues with the FTX token. In July, FTX provided the New Jersey-based lender with a financial bailout. Following the tragic demise of Sam Bankman-crypto Fried’s business, cryptocurrency lender BlockFi Inc. said it would be stopping withdrawals and restricting platform activities. BlockFi tweeted Thursday Evening … Read more

After Binance withdraws, FTX warns of collapse without $8bn.

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Binance withdraws, FTX

Concerns over FTX’s financial health continued to weigh on cryptocurrency-exposed stocks Wednesday, even after Binance announced in the afternoon that it had withdrawn its commitment letter to acquire rival exchange FTX. MicroStrategy (MSTR), a technology company that stores over 130,000 bitcoins, had a 20% drop in its stock price on Wednesday. Coinbase (COIN), a cryptocurrency … Read more