Cryptocoins News / Blockchain - 2 years ago
Bailing out the crypto lending platform BlockFi has become one of the most significant endeavours for early investors in the company such as Morgan Creek Digital. According to an exclusive Coindesk , the crypto investment manager has been wooing i...
Bitcoin News / Bitcoinist - 2 years ago
A leaked investor call from Tuesday discloses that Morgan Creek Digital is attempting to collect $250 million from investors to acquire a controlling interest in crypto lender BlockFi. Through participation in BlockFi’s D series fundraise, the...
Bitcoin News / Bitcoinist - 2 years ago
Crypto lending platform BlockFi has recently announced that it will be increasing its deposit rates spread across spread across a wide range of cryptocurrencies. It also mentioned that it has decided to rescind permitting the policy of one free withd...
Cryptocoins News / Blockchain - 2 years ago
BlockFi, a major crypto lending platform based in New Jersey, announced last Friday that it would increase deposit rates across several cryptocurrencies starting from July 1. The crypto lender said it would lower withdrawal fees on various cryptoc...
by COINS NEWS - 2 years ago
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by COINS NEWS - 2 years ago
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Cryptocoins News / The Cointelegraph - 2 years ago
Reportedly, ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday. Crypto exchange FTX is reported...
by COINS NEWS - 2 years ago
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Cryptocoins News / Blockchain - 2 years ago
Struggling digital assets company BlockFi has received a $250 million credit facility from FTX Derivatives Exchange as it looks to survive the current downturn in the crypto industry. BlockFi CEO Zac Prince on Tuesday that the company is now on tra...
by COINS NEWS - 2 years ago
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Cryptocoins News / NewsBTC - 2 years ago
Is FTX saving the crypto industry or taking control of it? The derivatives-focused cryptocurrency exchange has been on the sidelines, watching everything around them collapse, and finally decided to take action. That or, as the rumor says, FTX creat...
Bitcoin News / Bitcoin.com - 2 years ago
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...
Cryptocoins News / The Cointelegraph - 2 years ago
BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX. BlockFi has signed a term sheet with FTX crypto exchange to secure a $250 million revolving credit facility....
by COINS NEWS - 2 years ago
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by COINS NEWS - 2 years ago
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Bitcoin News / Bitcoinist - 2 years ago
Crypto Lending Platform BlockFi has confirmed via a tweet that despite “best business judgement” it had to liquidate a “large client”. This decision was primarily taken in order to alleviate risks which are in accordance with...
by COINS NEWS - 2 years ago
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Bitcoin News / Bitcoinist - 2 years ago
It appears that the current state of the digital market is hitting hard on the economy of certain crypto exchanges. The BlockFi cryptocurrency lending and exchange platform, Crypto.Com, and Gemini are a few examples to pinpoint. According to BlockFi&...
Cryptocoins News / The Cointelegraph - 2 years ago
The Iowa Insurance Division, or IID, a regulator responsible for many securities sales in the state, has fined crypto lending firm BlockFi more than $943,000 after it allegedly offered and sold unregistered securities.In a Tuesday announcement, the s...
Bitcoin News / Bitcoinist - 2 years ago
BlockFi announced in a blog post Tuesday that it is letting go of a sizable number of staff: 20 percent of its total headcount, or around 170 to 200 employees. Zac Prince, the CEO of the crypto trading and lending platform, tweeted that the job cuts...
Cryptocoins News / Blockchain - 2 years ago
Crypto exchange Crypto.com and lending platform BlockFi announced on Monday plans to cut over 400 jobs globally, as they come under pressure from difficult market conditions. Crypto.com said that it would reduce its workforce by 5%, that is about...
by COINS NEWS - 2 years ago
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Bitcoin News / Bitcoin.com - 2 years ago
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% ...
Bitcoin News / Google News Bitcoin - 2 years ago
The logo of cryptocurrency platform BlockFi. Budrul Chukrut | SOPA Images | LightRocket via Getty Images Crypto lender BlockFi is cutting around 20% of its staff as the company reckons with a dramatic downturn in digital currencies and heighte...
Cryptocoins News / The Cointelegraph - 2 years ago
Generating a yield on crypto is increasingly tricky. The Terra ecosystem implosion — where up to $50 billion was wiped out — led to a decline in decentralized finance (DeFi) protocols offering interest.At the other end of the table, centralized finan...
