BlockFi

BlockFi, a crypto firm that has more than 100,000 creditors with liabilities and assets ranging from $1 billion to $10 billion, has filed for Chapter 11 bankruptcy protection in the U.S Bankruptcy Court. The company has an outstanding $275…
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Fidelity Investments, an asset management firm, is set to hire some 100 people for the firm’s growing digital assets division. The firm has embarked on a new round of hiring despite the ongoing crypto winter. With the completion of this…
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US-based BlockFi has made it to the top of the 2022 Inc. 5000 list, growing by 245,616% over the past three years. The financial-crypto services provider is working towards making crypto easier to understand. BlockFi connects customers with…
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BlockFi, a digital asset lender, recently revealed its risk exposure status and total outstanding loans towards the end of the Q2 (Quarter two), 2022. Additionally, the loan firm spoke about its coping strategies for credit risk and…
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There are two prime reasons behind the fallout of 3AC (Three Arrows Capital) : Liquidation of 1 billion USD loan (lending firm) Genesis made a loss of more than a hundred million USD. An investor from Morgan creek digital…
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BlockFi, a company that offers crypto collateralized loans, announced today that FTX and Ledn are now the latest competitors in their bid to win the coveted prize. In July 2018, BlockFi launched its public live beta testing and issued its…
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FTX is a cryptocurrency exchange. It's coming close to buying a digital asset. These are the assets that are remaining of the lender Blocking. This purchase would be for around $25 Million. Sources revealed that the equity investors of…
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BlockFi reached an agreement with Sam Bankman-Fried’s FTX US division for a revolving line of credit and potential acquisition. It represents a total value of $680 million. Zac Prince, the CEO of BlockFi, tweeted that FTX has the option to…
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According to a leaked phone call, Morgan Creek is planning to sabotage FTX’s attempt to extend their $250 million line of credit to BlockFi. To achieve this, the digital asset investment firm is trying to raise their own $250 million…
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The Security Exchange Commission (SEC) announced on 14 February that they will be taking action against BlockFi, which is a crypto lending company. SEC said BlockFi failed to list its high yield accounts, which the agency considers…
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