CRYPTO – Blockfi Files for Bankruptcy as FTX Contagion Spreads & Crypto Market Meltdown Continues

Please Support The Channel:
YouTube Super Thanks (click below)
YouTube Membership (click below)
https://www.buymeacoffee.com/JoeBlogs
https://www.patreon.com/joeblogsYT
Amazon Shopping USA – https://amzn.to/3qwnwHB
Amazon Shopping UK – https://amzn.to/3LbHjFL
Amazon Shopping Canada – https://amzn.to/3BIyXlS
Amazon Shopping Australia – https://amzn.to/3eHQZvy
Click thro the link, buy your items as normal and Amazon will pay me a small commission

Blockfi was one of the Largest CRYPTO LENDING Platforms and was valued in July 2021 at $4.5 Billion. However Blockfi experienced major problems earlier this year when 3 Arrows Capital went Bankrupt and the company needed a BAILOUT and a $400 Million Loan from FTX. That loan facility was withdrawn when FTX filed for Bankruptcy and Blockfi has now filed for Bankruptcy itself. FTX was the second largest CRYPTO Currency Exchange and its failure is resulting in major CONTAGION throughout the whole of the Crypto sector. In this video I provide more details on the Blockfi situation, look at the other Crypto lenders that have failed so far this year, look at CEX and DEX businesses and discuss the market outlook for Crypto businesses.

For specific details please check out the CHAPTER list below.

Thanks for watching and please LIKE and SUBSCRIBE.

Chapters:
0:00 Intro
2:26 CRYPTO LENDING
9:26 CRYPTO FAILURES
13:35 BLOCKFI
16:26 CEX & DEX
21:12 INVESTOR PROTECTION
23:51 SUMMARY & CONCLUSION

#ftx
#crypto
#blockfi
#fraud
#china
#Belt&Road
#globalrecession
#globalfinancialcrisis
#russia
#Evergrande
#China
#Recession
#Zhenro
#Bonds