BlockFi
BlockFi Has Over $1.2 Billion in Assets Locked in Fallen FTX and Alameda Research.
BlockFi, the crypto lender, has over $1.2 billion in assets locked up in Sam Bankman-Fried’s crypto exchange FTX and sister company Alameda Research. The firm’s exposure to FTX was greater…
BlockFi Bites the Dust, Files for Chapter 11 Bankruptcy.
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…
Fidelity Investments to Embark on Hiring Spree for Growing Digital Assets Division.
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…
BlockFi No.1 on 2022 Inc. 5000 list.
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…
In Q2, BlockFi has $1.8B in unpaid loans.
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…
Genesis is dealing with significant losses, a $1 billion loan from BlockFi.
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…
FTX and Ledn compete for BlockFi.
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,…
According to a report, FTX is about to buy BlockFi in a $25 million fire sale.
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…
FTX US – BlockFi seal agreement on potential acquisition and revolving credit line.
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…
Leaked Call Indicates Morgan Creek Is Attempting to Oppose FTX’s BlockFi Bailout.
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…
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