Over 50% of Bitcoin addresses are still in profit despite drawdowns

    Data from blockchain analytics firm Glassnode reveals that more than half of Bitcoin wallet addresses are still in profit, raising questions about the severity of the current market sell-off as Bitcoin fell below $20,000 over the last weekend. Despite Bitcoin bouncing back by Tuesday to over the $21,000 level, Morgan Stanley and Goldman Sachs warned…

    FTX provides crypto exchange BlockFi with a $250 million credit facility
    22 Jun 2022
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    BlockFi, a сrypto lender and exchange, has secured a $250 million credit from leading crypto platform FTX. While many crypto platforms are struggling amid a bear market, BlockFi hopes the new credit line could help them remain afloat. The agreement also opens the door to future collaboration between BlockFi and FTX. BlockFi CEO Zac Prince…

    Cloudflare outage affects crypto exchanges FTX, OKX, and Bitfinex

    On Tuesday, a Cloudflare outage knocked out numerous popular web services, including big crypto exchanges FTX, OKX, and Bitfinex. Users attempting to visit certain websites were met with a “500 Internal Server Error” notice, raising questions about the security of centralized crypto platforms. The content delivery network (CDN) confirmed via an update posted on June…