Adam Forsyth

BlockFills files for Chapter 11 bankruptcy after suspending withdrawals and deposits

Crypto trading platform BlockFills announced today that it has entered Chapter 11 after the company suspended trading and withdrawals amid market volatility. The decision follows extensive discussions with investors, clients, creditors, and other stakeholders and is intended to preserve the value of the business while maximizing recoveries, according to the firm. Following our previous communication…

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Ethereum Scarcity Index Now Positive on Binance: Is $2,050 the New Floor?

Ethereum is trading sideways, frustrating retail investors who have watched the second-largest cryptocurrency stagnate. But beneath the choppy price action, a critical on-chain signal has just flashed green. The Ethereum Scarcity Index on Binance has climbed to 0.67, a positive reading that indicates more ETH is leaving the exchange than entering it. This metric suggests…

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Michael Saylor fires back former UK Prime Minister says Bitcoin is a ponzi scheme

Summary Boris Johnson called Bitcoin a potential Ponzi scheme after recounting a friend losing £20,000 in a crypto-related scam. Michael Saylor responded that Bitcoin cannot be a Ponzi because it has “no issuer, no promoter, and no guaranteed return.” The exchange highlights ongoing debate over Bitcoin’s structure, with critics questioning its value and supporters pointing…

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Crypto startup SwissBorg secures MiCA authorization from French regulator

SwissBorg, a digital asset investment platform with over $1 billion in assets under management, has obtained approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation from the French Autorité des Marchés Financiers (AMF), the firm announced Friday. The authorisation permits the platform to offer multiple crypto-asset services, including custody, administration, order execution, transfers, portfolio…

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