Tag: blockfi

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...

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...

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...

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 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...

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...

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...

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...

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...

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...

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...

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...

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

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.

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...

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 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...

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

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....

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...