BlockFills Freezes Client Funds — Is Another Crypto Crisis Unfolding?

BlockFills, a Chicago-based institutional crypto lender and liquidity provider, has temporarily stopped client bitcoin deposits and withdrawals after a sharp slide in Bitcoin. Related Reading: Stablecoins See Largest Conversion Spreads In Africa, Research Shows The firm told customers the move was taken “in light of recent market and financial conditions,” report say. Trading access for […]

Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds. BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round.Institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., led the round. Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds.We’re excited to announce the....

With the current macroeconomic crisis unfolding and many European countries at risk of debt defaults, bitcoin enters the ring as a neutral reserve asset.

Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement. According to blockchain transaction data provided by WhaleAlert.io on Nov. 10, Tether appears to have frozen 46,360,701 USDT ($46,274,472) owned by troubled cryptocurrency exchange FTX in its Tron blockchain wallet. The move comes one day after the U.S. Securities and Exchange Commission and the U.S. Justice Department began investigating FTX over its liquidity crisis. A spokesperson from Tether stated on Oct. 11 that the firm only freezes privately held wallets when it firm receives a....

Bitfarms boost its mining power by 360 PH with the new lease, set to run for 24 months.