BlockFi, Bankrupt Cryptocurrency Lender, Plans Platform Liquidation

Bankrupt cryptocurrency lender BlockFi announced plans to liquidate its platform because selling the business would not provide significant value to its creditors. That's the conclusion the company's management came to after unsuccessful attempts to get its platform sold ...

CEO of Circle Blames Banking Crisis and Regulatory Issues for USDC Market Capitalization Decline

According to the CEO of Circle, the decline in USDC's market capitalization can be attributed to the banking crisis and regulatory issues in the US crypto industry. Currently, USDC is the second largest stablecoin by market capitalization, with Tether (USDT) taking the top spot. In the summer ...

Cryptocurrency Exchange OKX to Cease Operations in Canada by June 2023

OKX, a popular cryptocurrency exchange, has recently made an announcement regarding its plans to halt operations in Canada by June 2023. The decision was made to avoid potential issues with local regulators. In an email sent out to its users, OKX management revealed that the marketplace will no l ...