Blockfi eventually files for bankruptcy


 

Blockfi eventually files for bankruptcy. After the FTX bankruptcy, we were convinced that other exchanges were in danger and Blockfi, who suspended his withdrawals after the FTX crash, was one of the suspects. The company in the past received a $400 million line of credit from FTX and there was talk of a possible acquisition but we all know how that ended. They had previously had a liquidity crisis due to the liquidation of one of their most important clients (this client is believed to be 3AC).

Alameda Research liquidators have about 49 million SOL tokens in their possession, something that may reduce selling pressure as they should be frozen for a while.

In China, protests by workers against Covid 0 policies continue and this brings problems to Apple and other foreign companies. Many of them consider relocation of production. The Chinese economy is imploding and there are already rumors that the government is buying shares in some companies to sustain the decline.

Deutsche Bank dares to forecast that the economy is going to contract twice as fast in the USA as in Europe and that the GDP will also fall faster than in Europe, personally, I highly doubt it. Something unexpected would have to happen like the end of the conflict in Ukraine.

We have Bitcoin around 16.500$ y Ethereum over 1.200$ at the moment.

 

Do not forget to follow all my advice if you want to lose your family because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"

 

Step up your income!

Win more crypto (not faucets):

Cryptoword

Presearch

Torum 

Odysee

Honeygain

$miles 

Nexo

 

If you want to try Real State metaverse Upland is a great option!

 

You can use this link to win your tips or become a new writer in Publish0x.

If you liked follow me to see more like this!

How do you rate this article?

22


The Crazy Dude
The Crazy Dude Verified Member

I am interested in this new era we are coming into. I will post all the things I´ll found. @The_passenger80 follow me on Twitter


Cryptoworld by The Crazy Dude
Cryptoworld by The Crazy Dude

Initial nonfinancial advice for people who start their journey in this field, conspiracy news, and personal thoughts. Do not forget to follow all my advice if you want to lose your family because you have put the rent money in "coins that are worth cents but can be worth thousands of dollars"

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.