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5 Risks to Know Before Using Centralized Crypto Lending Platforms
25.6.2022
Crypto lending has been one of the most prominent activities in crypto markets. The activity has developed over the years with several crypto lenders emerging to meet the demand for crypto loans. ...
Read More: 5 Risks to Know Before Using Centralized Crypto Lending Platforms
FTX may be planning to purchase stake in BlockFi: Report
24.6.2022
The reportedly ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday
BlockFi Raises Deposit Rates, Eliminates Free Withdrawals
24.6.2022
The rate increases across BTC, ETH, USDT and other crypto deposits come after layoffs at the company and a $250 million emergency line of credit from FTX
FTX in Talks to Acquire Part of BlockFi: Report
24.6.2022
FTX previously extended a $250 million emergency line of credit to the struggling crypto lender earlier this week
BlockFi Withdrawals Drop, Bitcoin Mining Difficulty, New NFT Wallets, 3 Crypto Films + More News
22.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: BlockFi Withdrawals Drop, Bitcoin Mining Difficulty, New NFT Wallets, 3 Crypto Films + More News
Voyager Digital Secures Credit Line from Alameda, May Send Three Arrows a Notice of Default
22.6.2022
Voyager Digital Holdings, an owner of a crypto platform, announced today that they entered into a multi-million credit line agreement with Alameda Ventures, but also that they may issue a notice of default to major crypto hedge fund Three Arrows Capital (3AC) for failure to repay...
SEC’s Peirce Says Crypto’s Lack of ‘Bailout Mechanism’ Is a Strength; FTX CEO as a 'White Knight'
22.6.2022
One of the most crypto-friendly members of the American regulatory Securities and Exchange Commission (SEC) has claimed that the bear market could boost sustainability in the industry – stating that she wouldn’t bail out ailing crypto companies even if she could....
Read More: SEC’s Peirce Says...
Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet
21.6.2022
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 use the capital to bolster Blockfi’s “balance sheet and platform strength.” Blockfi Obtains...
BlockFi recibe una línea de crédito de $250 millones por parte de FTX
21.6.2022
Los fondos serán utilizados para los saldos de los clientes en todas las cuentas, según sea necesario
Crypto exchange BlockFi secures $250M credit from FTX amid bear market
21.6.2022
At a time when a significant number of crypto platforms are struggling to remain afloat, BlockFi hopes the new credit line would help them secure user’s funds
BlockFi Secures USD 250M Credit Facility from Bankman-Fried's FTX
21.6.2022
Major crypto lender BlockFi said it secured a USD 250m loan from the FTX exchange in an attempt to bolster its balance sheet.
The revolving credit facility, which is a type of credit, "are intended to be contractually subordinate to all client balances across all account types (BIA, BPY & loan...
BlockFi Receives $250M Credit Facility From FTX
21.6.2022
The proceeds will be used to fulfil client balances across all accounts
BlockFi, Crypto.com, and Others Come Forward Amid Three Arrows Turbulence, Babel Finance Pauses Withdrawals
17.6.2022
After several days of intense discussions and rumors circulating about insolvency at major crypto hedge fund Three Arrows Capital, more details about the financial exposure other companies in the space have had to the hedge fund have emerged, with crypto lender BlockFi being named as...
BlockFi Liquidated Three Arrows Capital: Report
16.6.2022
CEO Zac Prince tweeted that the crypto lender “exercised our best business judgment.”
FTX Overtook Coinbase & OKX in May, Speeding Up EU Crypto Regulation + More News
15.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: FTX Overtook Coinbase & OKX in May, Speeding Up EU Crypto Regulation + More News
Iowa regulator orders BlockFi to pay $943K over alleged unregistered securities offering
14.6.2022
The IID ordered BlockFi to pay an administrative fine as well as cease and desist “from making any untrue statement of material facts regarding securities.”
Coinbase Says It Grew Too Quickly and Now Lays Off 1,100 Employees
14.6.2022
Major crypto exchange Coinbase said it will reduce its workforce by around 18% in order to cut expenses and increase efficiency ahead of a possible recession.
According to the report submitted to the US Securities and Exchange Commission, on June 14 this year, Coinbase Global, Inc. announced...
Crypto Lending Company Blockfi Cuts Staff by 20%
13.6.2022
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince...
Crypto.com y BlockFi eliminarán 400 puestos en medio de la caída del mercado
13.6.2022
Las compañías son las empresas cripto más recientes en anunciar reducciones de puestos de trabajo, uniéndose a Gemini y Rain Financial, entre otras
Goldman Sachs Launches New Ethereum Derivative, Layoffs at Crypto.com, Binance vs. Private Litecoin + More News
13.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Goldman Sachs Launches New Ethereum Derivative, Layoffs at Crypto.com, Binance vs. Private Litecoin + More News