Tag: blockfi

Aug 08 2022

[Updated] 6 Best Crypto Interest Accounts 2022: Who Pays the Highest APY?

Cryptocurrency interest accounts are an experiment that challenges various traditional yield generation strategies. The S&P 500 averaged around 10% to 11% per year since 1926 Real estate averages around 9.4%. Most popular cryptocurrency interest accounts offered around...

6 Best Crypto Interest Accounts 2022: Who Pays the Highest APY?

Cryptocurrency interest accounts are an experiment that challenges various traditional yield generation strategies. The S&P 500 averaged around 10% to 11% per year since 1926 Real estate averages around 9.4%. Most popular cryptocurrency interest accounts offered around...

Aug 02 2022

How Will Inflation Impact Crypto? Lyn Alden and Mauricio Di Bartolomeo Explain – Ep.380

Aug 02 2022 Published at Unchained Podcast under tags  2022 blockfi bonds bukele celsius

Lyn Alden, Founder of Lyn Alden Investment Strategy, and Mauricio di Bartolomeo, Co-founder of Ledn, discuss how inflation could affect the digital asset industry.Show highlights: how Mauricio’s upbringing in Venezuela and firsthand experience with inflation led him to Bitcoin what a “long-term debt cycle” is and why Lyn thinks the 2020s could be similar to the 1930s and 1940s the difference between...

Jul 22 2022

BlockFi Q2 Transparency Report Shows $1.8B in Outstanding Loans

Jul 22 2022 Published at Ethereum World News under tags  3ac blockfi crypto cryptocurrency ftx

BlockFi released its transparency report for Q2 2022. The platform had $1.8 billion in outstanding loans in Q2. The company is taking a number of measures to manage liquidity risks. BlockFi has released its transparency report for Q2 2022, and it gives a good picture of how the market crash has affected the platform. The report relates to the platform assets and management...

BlockFi has $1.8B in unpaid loans in second quarter

Jul 22 2022 Published at Coinscreed under tags  blockfi news

BlockFi revealed that as of the end of Q2, it had $600 million in "net exposure" and $1.8 billion in outstanding loans from institutional and retail investors. BlockFi, a cryptocurrency lender, published its liquidity and credit risk management practices as well as the total number of loans and net risk exposure it had at the […] The post...

Jul 20 2022

FTX in talks to raise funds amid spending spree to prevent contagion

Sam Bankman-Fried-led FTX and its US division FTX US are in talks to raise new funds, Bloomberg News reported July 20. The crypto exchange reportedly seeks to raise an amount at the same valuation as its Series C...

Jul 18 2022

BlockFi Quietly Reduces Employees, Offer Buyouts To Force Resignations

BlockFi, a cryptocurrency lender that just closed a $400 million loan and possible purchase conditions with cryptocurrency exchange FTX, is providing staff buyouts as a covert means to cut down on manpower. One month after reducing its workforce by 20%, the change was made. BlockFi Offers COBRA According to a BlockFi employee, the company is giving workers 10 weeks of paid time off...

Jul 16 2022

[Updated] What is Celsius Network | Cryptocurrency Interest Accounts and Lending Review

Celsius Network is a cryptocurrency lending platform and interest account; these sorts of companies offer depositors interest on their digital assets, and also offer lending programs. Crypto interest accounts gained popularity by offering...

Jul 13 2022

BlockFi to Stop Accepting Grayscale Bitcoin Trust as Collateral

BlockFi, a cryptocurrency lender platform, recently announced that it will stop accepting Grayscale Bitcoin Trust (GBTC) as collateral. According to The Straits Times, citing Bloomberg, it stopped accepting shares of the fund as collateral.In response to Bloomberg’s report, the New Jersey-based lender said it is winding down ‘a couple’ of loans with GBTC as collateral. “We are not saying that we won’t...

Breaking: BlockFi CEO Describes Latest Move “Best Possible Outcome”

Jul 13 2022 Published at Coingape under tags  blockfi ftx ftx bailout news

After undergoing an agreement with Sam Bankman-Fried's FTX to resolve liquidity woes, BlockFi says the recent move was needed anyway. Last month, FTX US offered the company a revolving credit facility of $400 million. The BlockFi FTX agreement also included an option to to acquire BlockFi for $240 million. BlockFi's Plans After Securing Help Speaking...

BlockFi Will No Longer Accept Grayscale GBTC Shares As Collateral, Unwinds All Positions

Crypto lenders in the market have been severely struggling to handle liquidity challenges. On Tuesday, July 12, crypto lender BlockFi announced that it will no longer be accepting Grayscale's GBTC shares as collateral. Following the news, the GBTC stock (OTCMKTS: GBTC) collapsed 5% on Tuesday ending at $12.21. Amid the Bitcoin price correction, the GBTC...

Jul 12 2022

BlockFi Should Not be Mentioned Alongside Crisis-Hit Voyager and Celsius Network, Says CEO

Summary: BlockFi CEO has requested crypto journalists and market commentators, not to mention the company alongside Voyager Digital and Celsius Network. He states that BlockFi has remained financially functional while Voyager and Celsius have not. BlockFi's CEO, Zac Prince, has requested crypto journalists and market commentators, not to mention the company alongside Voyager Digital and Celsius Network. According to Mr. Prince, the latter...

Jul 10 2022

[Updated] BlockFi vs. Celsius Network: What’s the Better Crypto Interest Account?

Jul 10 2022 Published at CoinCentral under tags  articles blockfi celsius network reviews

When it comes to evaluating the best cryptocurrency interest accounts, BlockFi vs. Celsius Network tends to...

Jul 04 2022

FTX US Extends $400M Revolving Credit to BlockFi, Signs Option to Buy the Crypto Lender for $240M

FTX US has expanded on the previous deal made with a major cryptocurrency lending company BlockFi, upping the amount of the revolving credit from $250 million to $400 million. In addition, the new deal stipulates that FTX US can acquire BlockFi for a maximum amount of $240 million.

Crypto Lender Vauld Halts Withdrawals As Stress Mounts On Crypto Industry

Vauld's CEO has said that the crypto exchange is halting all trading, deposits, and withdrawals owing to financial difficulties. Vauld Suspends Withdrawal As it navigates "financial challenges," Vauld, a Singapore-based cryptocurrency lending and exchange firm, has suspended withdrawals, trading, and deposits on its platform. The three-year-old firm, which has raised approximately $27 million from investors including Pantera...

Jul 01 2022

BlockFi Clears Up Rumors, Crypto Exchange FTX Will Have $240 Million Purchase Option

Jul 01 2022 Published at Bitcoinist.com under tags  blockfi crypto news ftx

Crypto lending platform BlockFi addressed the rumors of a potential purchase from major crypto exchange platform FTX. Initially reported by U.S. news outlet CNBC, the company was allegedly being bought by FTX at a $25 million valuation, a 99% discount from its nearly $5 billion 2021 valuation. Related Reading |...

BlockFi Will Be Acquired by FTX.US for Up to $240M

Jul 01 2022 Published at Crypto Briefing under tags  blockfi business ftx.us

BlockFi will also receive a $400 million rolling credit facility from FTX.US. BlockFi Inks Deal With FTX.US BlockFi has agreed to an acquisition deal with FTX.US. (Long thread!) Excited to...

FTX Closes In On Acquiring BlockFi For Mere $25 million

Weeks after FTX billionaire CEO gave out a $250 million credit facility to BlockFi, the crypto exchange is...

FTX Buys BlockFi But Passes On Acquiring Celsius

FTX is in accumulation mode with the market near rock bottom. Although it’s a fire sale in the market right now, some institutions are well past saving....

Jun 30 2022

BlockFi CEO Denies Company Will Be Sold for $25M

Jun 30 2022 Published at Crypto Briefing under tags  blockfi business ftx

BlockFi CEO Zac Prince denies that the company is being sold for $25 million. The crypto lender had previously been valued at $4.8 billion. 99.5% Discount? Zac Prince says BlockFi...

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