Tomio Geron / Protocol:
BlockFi debuts a digital assets interest product for US accredited investors, after shutting down a yield-paying crypto product the SEC said was illegal — BlockFi has introduced a new digital assets interest product for accredited investors, after previously agreeing to shut …
Nikhilesh De / CoinDesk:
BlockFi pauses withdrawals and asks users not to deposit to its wallet or interest accounts, saying it can’t operate normally amid “lack of clarity” around FTX — BlockFi had made a deal with FTX earlier this year. — Crypto Lender BlockFi said it could not conduct business …
Decrypt:
BlockFi files for Chapter 11 bankruptcy protection and plans to lay off a large portion of its staff — The FTX contagion has just claimed another crypto firm. … The crypto lender is also laying off a large portion of its staff, the source said. — BlockFi, which let users earn yield …
Bloomberg:
Sources: BlockFi plans to file for bankruptcy within days, after pausing withdrawals; FTX US gave the crypto lender a $400M revolving credit line in July 2022 — Cryptocurrency lender BlockFi Inc. is preparing to file for bankruptcy within days, according to people with knowledge of the matter …
Nelson Wang / CoinDesk:
The CFTC has fined the blockchain protocol bZeroX team $250K and filed an action against its successor Ooki Dao for offering illegal off-exchange crypto trading — The commission said bZeroX offered illegal, off-exchange trading of digital assets, and has also filed a civil action against the Ooki Dao.
David Pan / Bloomberg:
Ethermine, the largest Ethereum mining firm, will shut down its servers for miners after Ethereum’s Merge, switching its mining pool to withdraw-only mode — Ethermine, the largest Ethereum mining services provider by computing power, will shut down its servers for miners after the blockchain completes its historic technical upgrade.
Manish Singh / TechCrunch:
Amazon will shut down its food delivery business in India on December 29, after launching it in May 2020 in Bengaluru, as part of a broader restructuring — Amazon will shut down its food delivery business in India by the end of the year, the retailer said Friday, retreating from a vertical it entered less than three years ago.
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