BlockFi Provides Details on Potential FTX Purchase
The two parties have updated the previous term sheet as FTX will raise its revolving credit facility to $400 million. Additionally, the crypto exchange has the option to acquire BlockFi…
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Bitcoin Closes June Below $20K, BlockFi Acquisition Rumors Spiral, MSTR Buys the Dip: This Week’s Crypto Recap
It’s been another seven days of declines and choppy price action for the cryptocurrency market, which ended up losing around $50 billion of its total capitalization. Bitcoin closed its worst…
Crypto Lender Ledn Joins the Acquisition Battle for BlockFi (Report)
The cryptocurrency platform Ledn reportedly displayed intentions to acquire a stake in BlockFi (a digital asset firm that provides crypto-backed loans). Previously, FTX also announced plans to buy the latter,…
FTX Reported to Close in on Buying BlockFi for $25 Million
Crypto exchange FTX is reportedly finalizing terms to buy out the embattled crypto lending platform, BlockFi. However, the exchange is offering just $25 million – a 99% discount on BlockFi’s…
Multiple Crypto Exchanges Are “Secretly Insolvent,” Warns SBF
FTX CEO Sam Bankman-Fried (SBF) recently shared his thoughts on the state of the crypto market, its trajectory, and the platforms and companies within it. He claimed that there are…
FTX’s CEO Denies Rumors of Planning to Buy Robinhood
FTX is not planning to buy Robinhood. The CEO of crypto exchange, Sam Bankman-Fried, refuted rumors about any such deal. According to the latest report, SBF said he is excited…
Binance, OKX Lead Crypto Derivatives Space Despite Market Ruckus
Coinglass data shows that Binance accounts for the majority of the derivatives share. The volume of crypto contracts from January 2021 to the present stood at $33.5 trillion. According to…
Crypto Exchange FTX is Exploring a Robinhood Buyout: Sources
Sam Bankman-Fried (SBF)’s crypto exchange FTX is examining pathways by which it can acquire Robinhood, according to people with knowledge of the matter. As reported by Bloomberg on Monday, FTX…
FTX Reportedly Planning to Acquire a Stake in BlockFi
Major cryptocurrency exchange FTX is looking to purchase a stake in struggling digital asset lender BlockFi, shortly after the latter received a $250 million revolving credit from the SBF-spearheaded company.…
FTX US President: This Crypto Winter is Much Similar to Previous Ones
Brett Harrison – the President of cryptocurrency exchange FTX US – agreed that the current condition of the cryptocurrency market is not particularly satisfying. However, he believes the bear market…
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