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...
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Coinbase Derivatives Exchange Reveals Nano Bitcoin Futures Product
On June 27, Coinbase Derivatives Exchange (formerly Fairx exchange) announced it will launch its first crypto derivatives investment vehicle pegged to the value of 1/100th of a bitcoin. The new…
SEC’s Hester Peirce opposes crypto bailouts — SBF didn’t get the memo
The commissioner made it clear she does not support bailouts for anyone in the crypto industry, arguing it's better to “let these things play out.”
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...
Crypto winter freezes sports sponsorships for digital asset firms
The crypto market downturn has made it difficult for crypto firms to pull the trigger on any new sponsorship deals with the sports teams they spent hundreds of millions on…
SBF and Alameda step in to prevent crypto collapse contagion
SBF also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius, noting that “this is definitely false. We want to help those we can in the…
Report: Bitmex, Deribit Liquidate 3AC’s Positions — Negativity Continues to Plague the Crypto Hedge Fund
Two days ago, Bitcoin.com News reported on the crypto hedge fund Three Arrows Capital (3AC) after reports claimed that the company was allegedly struggling with financial hardship and possible insolvency.…
Biggest Bitcoin exchange inflows since 2018 put potential $20K bottom at risk
Traders are nervous, data suggests, and a further drop could spark a chain reaction as exchange users rush to liquidate their BTC holdings.
Philippines Crypto Wallet Service Provider Coins.ph Partners With the PBA
Another digital currency firm is making moves into the sports world as the Philippines crypto wallet service provider Coins.ph announced the company has partnered with the Philippine Basketball Association (PBA).…
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