BlockFi CEO Denies Company Will Be Sold for $25M
BlockFi CEO Zac Prince denies that the company is being sold for $25 million. The crypto lender had previously been valued at $4.8 billion. 99.5% Discount? Zac Prince says BlockFi...
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FTX on the verge of purchasing BlockFi in $25M fire sale: Report
The cryptocurrency derivatives exchange could potentially buy out the troubled lender for pennies on the dollar.
Contagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model
A leaked investor call from Morgan Creek Digital suggests BlockFi liquidated 3AC for $1 billion, while Celsius reportedly maintained a highly risky assets-to-equity ratio last year that may have caused…
FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming
In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research…
Surprise twist as BlockFi receives Money Services License in Iowa
Despite a significant fine from Iowa’s regulator just two weeks earlier, BlockFi has scored itself a license in the state.
Crypto Firm Voyager Digital Secures a $500M Line of Credit From Alameda Ventures to Cope With 3AC Exposure
Three days ago, Bitcoin.com News reported on the publicly listed company Voyager Digital after the crypto firm announced that it was owed $655 million worth of digital assets. Now according…
FTX Could Soon Purchase Stake in BlockFi: Report
The popular crypto exchange FTX could soon purchase a stake in the lending firm BlockFi, according to the Wall Street Journal. FTX Is in Talks With BlockFi FTX and BlockFi...
BlockFi Raises Rates Three Days After FTX Bailout
BlockFi is raising the yield on its Bitcoin, Ethereum, and stablecoin lending products three days after FTX extended the company a $250 million revolving line of credit. The Powers of...
Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet
The crypto lender Blockfi detailed on Tuesday that the company secured a $250 million line of credit from FTX. Blockfi’s CEO Zac Prince announced on Twitter that the company will…
BlockFi Secures $250M Revolving Loan From FTX
BlockFi CEO Zac Prince said the loan would bolster the firms balance sheet and platform strength. BlockFi Accepts Credit From FTX BlockFi has partnered with FTX for a new line...