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Crypto Turmoil Latest: Celsius in Board Change, Genesis Clear of 3AC Trouble & FTX’s ‘Billions’
7.7.2022
Crypto turmoil continues to deepen, with further maneuvers at Celsius (CEL) and a company recounting details of how it dodged the Three Arrows Captial (3AC) fallout – while the crypto exchange giant FTX appears set to bail out yet more ailing crypto players with a “few billion” dollars worth...
Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’
6.7.2022
Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “​​rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated during the past week. Cumberland stressed...
SBF denies FTX is eyeing distressed crypto mining companies
4.7.2022
Sam Bankman-Fried said that crypto miners did not fit into the company’s core strategy and there is no synergy from an acquisition standpoint
Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M
3.7.2022
According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but Prince also noted that $240 million of that total could be used...
Jed McCaleb’s XRP bag is almost gone, Ethereum’s difficulty bomb delayed and FTX inks deal with BlockFi: Hodler’s Digest, June 26-July 2
2.7.2022
Crypto Turmoil: 3AC Files for Bankruptcy, FTX and BlockFi Agree, Suspensions at Voyager
2.7.2022
Multiple important news reached the market as another week of harsh crypto winter neared its end, providing more clarity on where some major industry players stand....
Read More: Crypto Turmoil: 3AC Files for Bankruptcy, FTX and BlockFi Agree, Suspensions at Voyager
TSX-Listed Voyager Digital ‘Temporarily’ Suspends Trading, Deposits, and Withdrawals
1.7.2022
After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order to “safeguard customer assets.” Five days later on July 1, Voyager announced the crypto company...
BlockFi announces deal with FTX US, including 'option to acquire' for $240M
1.7.2022
According to CEO Zac Prince, BlockFi signed agreements with FTX US totaling $680 million — for a company that had a $5 billion valuation in June 2021
BlockFi Reaches Deal With FTX US
1.7.2022
The crypto lender said client funds will not be impacted
BlockFi Approached With Ledn-Led Funding Offer Amid FTX Acquisition Talks: Report
1.7.2022
BlockFi has been approached by a party that includes fellow crypto lender Ledn in addition to its buyout offer of $25 million from FTX, Bloomberg reported Friday
FTX and Ledn Compete for Troubled BlockFi - Reports
1.7.2022
Both major crypto exchange FTX and crypto lender Ledn have reportedly joined the race for a stake in the troubled crypto lender BlockFi.
Bloomberg and CNBC reported about the ongoing negotiations between BlockFi and FTX. According to CNBC's undisclosed sources, FTX is close to finalizing a term...
BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion
1.7.2022
BnkToTheFuture's three proposals include two different ways to restructure and relaunch the firm, or an option to co-invest in the firm with a bunch of Bitcoin whales
El exchange FTX está cerca de comprar BlockFi por solo $25 millones
30.6.2022
La plataforma de préstamos cripto valía $1.000 millones a principios de mes, según fue reportado
FTX on the verge of purchasing BlockFi in $25M fire sale: Report
30.6.2022
The cryptocurrency derivatives exchange could potentially buy out the troubled lender for pennies on the dollar
FTX Close to Buying BlockFi for Just $25M: Report
30.6.2022
The beleaguered crypto lender was reportedly close to finalizing a down round valuing it at $1 billion earlier this month
FTX Passed on Deal to Purchase Celsius Due to Deficient Balance Sheet: Report
30.6.2022
Cryptocurrency exchange FTX passed on a deal to purchase beleaguered crypto lender Celsius after examining the sorry state of its finances
Contagion: Genesis faces huge losses, BlockFi's $1B loan, Celsius's risky model
30.6.2022
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 its recent liquidity woes
FTX Denies It's Buying Robinhood, MakerDAO's USD 500M Vote, Dfinity Sues New York Times + More News
29.6.2022
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 Denies It's Buying Robinhood, MakerDAO's USD 500M Vote, Dfinity Sues New York Times + More News
FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming
29.6.2022
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 have already helped Blockfi and Voyager Digital as the 30-year-old...
FTX CEO: Some Smaller Exchanges Are ‘Too Far Gone,’ ‘Insolvent,’ and Unlikely to Be ‘Saved’
29.6.2022
Sam Bankman-Fried, the Founder of the crypto trading platform FTX, has warned that more crypto exchange failures “are coming,” and has stated: “There are some third-tier exchanges that are already secretly insolvent.”...
Read More: FTX CEO: Some Smaller Exchanges Are ‘Too Far Gone,’ ‘Insolvent,’...