BlockFi Bankruptcy Follows FTX Implosion

SOPA Images/LightRocket via Getty Images Key takeaways On Monday, crypto lender BlockFi filed for Chapter 11 bankruptcy protections in the aftermath of FTX’s implosion Ironically, BlockFi lists FTX as its #2 creditor after a substantial bailout earlier this year The domino-ing bankruptcies reveal the early dangers of crypto lending platforms’ interconnectedness On Monday, crypto lender…

Solana Led Major Cryptocurrencies Lower Today—Where Is This Digital Asset Headed Next?

Solana prices declined close to 5% in 24 hours. Photographer: Gabby Jones/Bloomberg © 2021 Bloomberg Finance LP Solana’s sol token, which has fallen close t0 90% from its all-time high, led major digital currencies lower earlier today. The cryptocurrency, which powers the high-performance Solana blockchain network, reached as little as $30.43 at roughly 10:45 a.m.…

Does A Digital Dollar Make Cents?

As the world moves toward a more digital future, it comes as no surprise, reignited discussions of a … [+] digital dollar are in the news. getty As the world moves toward a more digital future, it comes as no surprise, reignited discussions of a digital dollar are in the news. With 10 countries already…

The Chip Company You’ve Never Heard Of That Powers The Devices In Your Life – And It’s In Taiwan

Bill Tai – Employee 001 at TSMC Bill Tai Taiwan Semiconductor Manufacturing Limited (TSMC) is the world’s largest contract manufacturer of semiconductor chips that powers our phones, laptops, cars, and fridges. It is the world’s largest chip foundry with some big clients like Apple, Intel, Qualcomm, AMD and Nvidea, helping it to achieve $45 billion…