It appears the back-lash of Sam Bankman-Fried bankrupting the world’s #3 cryptocurrency exchange will not end anytime soon. Now it’s even being reported stablecoins are effected. The WallStreet Journal reported earlier today, Tether Holdings Ltd. (THL), has been giving out Tether (USDT) loans, without the dollars to back each Token. THL was giving out loans […]
About: Adam Pereira
Posts by Adam Pereira:
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Tether (USDT) Crash Coming? Popular Stablecoin May Not Be Stable
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New Rumors Of KuCoin & Nexo Next To Be Bankrupt
With BlockFi bankrupt and BitFront going out of business, the crypto world is on edge. More shock-waves of the FTX collapse are expected to be felt. Coinbase, Crypto.com, and Binance have shown proof-of-reserve (PoR) to keep their brands out of the FOMO. However, there are new rumors spreading that KuCoin and Nexo crypto-exchanges are […]
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BlockFi Will Reset Business — No New Loans Nor Selling Out
Good news for BlockFi customers. The crypto loan servicer has announced that it has plans to remain open. As predicted in an earlier CryptoCoinOpps report, the bankruptcy is just means of protection. After taking the $650M blow from Sam Bankman-Fried’s failed loans, the company plans to rebuild as they wait for […]
