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 […]
According to JP Morgan analysts, investors are withdrawing cash from major cryptocurrency exchanges as a result of FTX’s demise. The investment bank’s analysts claimed in a letter to investors on Wednesday that all major exchanges had outflows last week. Gemini, OKX, and Crypto.com saw the heaviest draining of funds. The decline of FTX caused a […]
Recently, the Singapore-based cryptocurrency exchange and digital assets trading platform “Bitget” announced a new project on South American grounds. Bitget partnered with the Brazilian government’s digital payment system “PIX”, in order to allow Brazilians to buy and sell cryptocurrencies while paying in Brazil’s fiat currency, the Real. The company’s managing director, Gracy Chen, stated that […]
