Nov 2022 Crypto Industry Updates

Table of Contents

Content will be sorted chronologically with latest at the bottom.

  • BigPay to Enable Users to Top Up Using BTC and ETH
    • rolled out in partnership with TripleA, a licensed crypto payment gateway licensed by the Monetary Authority of Singapore (MAS).
    • users can convert their crypto assets into cash to spend using their BigPay debit cards
    • cryptocurrencies currently accepted for top-up are Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether (USDT)
    • learn more about BigPay and enjoy sign up referral benefits
  • BlockFi has filed for chapter 11 bankruptcy [28 Nov 2022]
    • BlockFi was founded in 2017
    • In a court filing, New Jersey-based BlockFi said it owed money to more than 100,000 creditors. It listed crypto exchange FTX as its second-largest creditor, with $275m owed on a loan. BlockFi had received a rescue deal from FTX earlier this year.
    • The company said it had almost $257m in cash on hand.

Started investing in crypto towards the end of 2020.