Bankman-Fried Warns: Some Crypto Exchanges Already “Secretly Insolvent”

After throwing lifelines to troubled digital currency platforms BlockFi and Voyager Digital, Sam Bankman-Fried, the 30-year-old billionaire founder of FTX, warns that some crypto exchanges will soon fail. The question on everybody’s mind in the crypto world is whether we’ve reached the market bottom. Nearly $2 trillion in crypto market value has evaporated since November. […]

Bitcoin Brice Trades Around $21,000 As Crypto Firms Announce Layoffs

MittGroup CEO Grant Mitterlehner on advice for investors maneuvering through their first crypto crash and the fate of Bitcoin as it plunges below $23K. The price of bitcoin continued to fall Tuesday as the crypto industry struggles with fallout from the extended selloff. Bitcoin traded as low as $20,834 earlier on Tuesday, according to CoinDesk. […]

American Express Announces First Crypto Rewards Credit Card On Its Network

American Express will soon debut the first crypto rewards credit card on its network. Announced today at the Consensus cryptocurrency conference in Austin,TX the card, developed in partnership with crypto wealth manager Abra, will transact in U.S. dollars and offer crypto back on any purchase category and amount. The rollout is expected later this year. […]

Crypto Cards Are Giving Bitcoin Purchase Power

Spending your cryptocurrency was once a headache-inducing endeavour. Not only did few merchants accept bitcoin as a medium of exchange, but without access to the now ubiquitous fiat off-ramps, you had to source a buyer willing to exchange fiat for digital. That entailed a degree of risk since peer-to-peer marketplaces that protected users with an […]

Visa And BlockFi Launch 2% Bitcoin Rewards Credit Card

Cryptocurrency services company BlockFi launched its first-ever crypto rewards credit card, in conjunction with Visa, to approved clients in the United States on Tuesday. BlockFi’s plans for a credit card were initially disclosed in December 2020 when the exchange released a waiting list for US-based clients, which is now over 400,000 people. BlockFi CEO Zac […]