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Crypto Lender BlockFi Declares Bankruptcy Following the Collapse of FTX
BlockFi filed for bankruptcy protections Monday, days after suspending withdrawals amid the ongoing fallout from exchange FTX's bankruptcy. "The Hash" team discusses the latest developments as the crypto lender announced it was filing for Chapter 11 bankruptcy protections, indicating it hoped to restructure while continuing operations in the meantime.
Litecoin Surges; El Salvador Proposes Digital Securities Bill, Paves Way for Bitcoin Bonds
"The Hash" hosts discuss today's top stories including El Salvador's national assembly mulling a draft bill to regulate digital securities which could pave the way for issuing bitcoin-backed bonds. Plus, a closer look at Litecoin's breakout performance ahead of its mining reward halving.
Binance's CZ Reportedly Met with Middle East Investors for Crypto Recovery Fund; Cathie Wood's Latest Moves
Binance CEO Changpeng "CZ" Zhao has been meeting with investors in Abu Dhabi, seeking cash for the exchange's crypto recovery fund, according to a Bloomberg report. Meanwhile, Cathie Wood's Ark Investment Management just bought $1.5 million worth of Grayscale Bitcoin Trust (GBTC) on Monday. "The Hash" team discuss the latest headlines impacting the crypto industry.
FTX Exploiter Developments; Bill Ackman Endorses Crypto Project Helium
The culprit behind the $600 million exploit of crypto exchange FTX started exchanging millions of dollars worth of ether (ETH) to Ren Bitcoin (renBTC), a token that represents bitcoin on other blockchains, early on Sunday. Plus, one of TradFi’s better-known investors, Bill Ackman, revealed on Twitter that he has turned a leaf and is now endorsing crypto.