Following BlockFi Bankruptcy, This Company Just Revealed Its Exposure to the Firm – NEXO Next?
The crypto-friendly US-based bank Silvergate had less than $20m in exposure to the now-bankrupt US-based crypto lender BlockFi. But with yet another bankruptcy in the space, more people are now asking if Nexo – one of th...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Read More: Following BlockFi Bankruptcy, This Company Just Revealed Its Exposure to the Firm – NEXO Next?
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Frax CEO says businesses will drive next wave of stablecoin adoption as firm tests lending product
Frax CEO Sam Kazemian outlines plans for receivables financing, business payments and stablecoin lending through FraxNet. The post...
Senator probes Tether’s reported $6 million payments to ex-White House crypto adviser’s firm
Tether faces US Senate scrutiny over multimillion-dollar payments to a consulting firm co-owned by a former White House crypto adv...
Bloomberg Adds Basel Crypto Exposure Classification For Banks And Asset Managers
TL;DR: Bloomberg has expanded its crypto analytics to classify bank exposure under Basel standards, including indirect holdings hi...
Sen. Blumenthal seeks answers from Tether over payments to firm founded by ex-White House crypto adviser
Sen. Blumenthal said he wants answers from Tether following reports that it paid millions to a firm started by a former WH crypto...
Bitcoin ETFs Lose Over $635M In One Day Following Oil Price Spike
Bitcoin Magazine Bitcoin ETFs Lose Over $635M In One Day Following Oil Price Spike U.S. investors quickly reversed course on Thurs...
How Far Should Crypto Firms Trace a Transaction? FCA Says Risk Should Decide
Brokers and trading platforms handling cryptoassets should be able to explain why their monitoring systems flag a transaction and...