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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...
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
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
Crypto Selloff Proves Computer Code Leads To ‘Better Outcome’ Than Human Discretion - Arthur Hayes
1.7.2022
Pure decentralized finance (DeFi) protocols have fared far better than the more centralized crypto lending and borrowing companies during this bear market. This proves that computer code and transparent standards give “a better outcome,” crypto essayist and former BitMEX CEO Arthur Hayes...
Midas․Investments Wants to Bridge the Gap With CeDeFi Strategies
1.7.2022
PRESS RELEASE. Crypto investment platform Midas Investments has reported that it has created an infrastructure that is designed with built-in, automated tools and strategies that don’t require investors to master the nature of trade within the volatile decentralized finance market....
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...
Three Arrows Reprimanded by Singapore, Crypto AUMs at Record Low, N Korean Hackers + More News
30.6.2022
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: Three Arrows Reprimanded by Singapore, Crypto AUMs at Record Low, N Korean Hackers + More News
Lending network enables transparent credit history in Africa via blockchain partnership
29.6.2022
Creditcoin Founder Tae Oh said the partnership brings them closer to their goal of giving the unbanked a fairer shot
British Virgin Islands court reportedly orders to liquidate 3AC
29.6.2022
The order reportedly came on the same date with Voyager Digital issuing a notice of default to 3AC for its failure to pay its 15,250 Bitcoin and 350 million USDC loan
Alkemi Earn integration brings DeFi lending to 1.5M Ledger users
29.6.2022
The objective of the Ledger project is to provide consumers with a way to purchase and use digital assets without giving up control to third-party platforms or systems
Celsius’ Positions are Now Healthier, Three Arrows Capital Was a 'Victim of Contagion' - Nansen
29.6.2022
Troubled crypto lender Celsius (CEL) has managed to improve the health ratio of its on-chain positions since pausing withdrawals, according to blockchain analytics platform Nansen. Meanwhile, they said, the crypto hedge fund Three Arrows Capital (3AC) was the victim of the contagion....
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Surprise twist as BlockFi receives Money Services License in Iowa
29.6.2022
Despite a significant fine from Iowa’s regulator just two weeks earlier, BlockFi has scored itself a license in the state
Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy
28.6.2022
The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly rewards, and reportedly...
SOL price eyes 75% rally as Solana paints a bullish reversal pattern
28.6.2022
SOL's interim upside target is near $47, up about 20% from its current price
Not the best week for crypto lending: Law Decoded, June 20-27
28.6.2022
The Celsium failure continues to draw attention to the lending issues from regulators and community
Celsius denies allegations on Alex Mashinsky trying to flee US
28.6.2022
Celsius CEO Alex Mashinsky wasn't trying to leave the U.S. last week but has continued to work on recovering liquidity and operations, the company has claimed
Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales
27.6.2022
Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, which quotes the co-founder of mining company Luxor Technologies, Ethan Vera, says that...
Ethereum Lending Protocol XCarnival Hit With $3.8M Exploit, Recovers 50%
27.6.2022
Singapore-based metaverse lending protocol XCarnival recovered 1,467 ether following an exploit that saw a hacker siphon 3,087 ETH out of the platform
How low can Ethereum price drop versus Bitcoin amid the DeFi contagion?
26.6.2022
Interestingly, Ethereum has not reclaimed its all-time high against Bitcoin since June 2017 despite the NFT craze
Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice
25.6.2022
After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire...