The cryptocurrency platform Ledn reportedly displayed intentions to acquire a stake in BlockFi (a digital asset firm that provides crypto-backed loans). Previously, FTX also announced plans to buy the...
Tag: BlockFi
X to buy BlockFi: but why so cheap at $25 million?
I wrote here last week that cryptocurrency has a contagion problem, with a slew of firms caught up with overleveraged balance sheets and weak risk management. BlockFi had just taken a $250 million rev...
FTX Reportedly Set To Buy Embattled BlockFi At 99% Below Company Valuation ⋆ ZyCrypto
Advertisement     FTX, a Bahamian cryptocurrency derivatives exchange, is reportedly close to finalizing a deal that will enable it to acquire embattled crypto lender ...
Canada-based Ledn Challenges FTX’s Bid of BlockFi Acquisition With Better Proposal
Troubled crypto lender BlockFi has reportedly received a new proposal for its acquisition, said three sources familiar with the matter. This time the proposal has come from BlockFi’s Canada-based comp...
Pennies On The Dollar: FTX Closes In On Deal To Purchase BlockFi For Just $25M
Sam Bankman-Fried led FTX is reportedly closing in on a deal to purchase BlockFi in a deal being valued at around $25 million. The deal comes after FTX reportedly gave BlockFi an emergency $250 millio...
FTX wants Robinhood and BlockFi, is it all fake news?
A few days ago rumors began circulating that crypto exchange FTX wanted to buy Robinhood and now BlockFi, but all of them seem to be fake news. News is now circulating that FTX has made an offer to ac...
BlockFi Was Being Sold to FTX But CEO Zac Prince Refused
19 mins ago | 2 mins read Editors News BlockFi CEO Zac Prince, 100% confirms that the firm is being sold to FTX. This year, Bankman-Fried paid $648.3 million for a 7.6% stake in Robinhood. BlockFi, a ...
FTX or Canada-based Ledn Which Firm Will Acquire Struggling Crypto Lender BlockFi?
As per Bloomberg reports, the struggling cryptocurrency lender BlockFi Inc., which is currently in negotiations with industry powerhouse FTX, has been approached about a merger with a different party ...
BlockFi CEO denies CNBC’s claims that the company is being sold for $25 million
Cryptocurrency lending platform BlockFi has denied claims from CNBC that crypto exchange FTX was in talks to buy the firm for $25 million. Zac Prince, the CEO of BlockFi took to Twitter to dispel the ...
FTX Targeting BlockFi Purchase At $25M
BlockFi, Celsius, Nexo, and more: tough times can lead to difficult measures, and this year’s bear market is showing no exception to some of these players. Look no further than the current state of af...
BlockFi CEO Denies FTX Is Set to Acquire Crypto Lender for Only $25M
Acquisition talks between BlockFi and FTX may be nearing an end. Unnamed sources told CNBC on Thursday that CEO Sam Bankman-Fried’s FTX cryptocurrency exchange could pay about $25 million to acquire t...
FTX to Acquire BlockFi For $25M (99% Discount)
Sam Bankman-Fried’s crypto company FTX is on track to acquire troubled cryptocurrency lending firm BlockFi for $25 million, CNBC reported Friday. The deal, expected to conclude as soon as this week, w...
BlockFi CEO Denies Company Will Be Sold for $25M
Key Takeaways BlockFi CEO Zac Prince “100%” denies that the company is being sold for $25 million to FTX. A sale at this price would mark a 99.5% discount for the company, which was valued...
FTX seeks to acquire troubled crypto lender BlockFi: sources
Crypto exchange operator FTX is seeking to acquire BlockFi outright, The Block has learned. The development comes in the wake of reports that FTX was in talks to buy a stake in the crypto lender, whic...
FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale
Sam Bankman-Fried, chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Dec. 8, 2021....
BlockFi Company Intelligence
June 27, 2022, 4:31PM EDT • 31 min read Quick Take Founded in 2017, BlockFi offers various crypto financial services, including interest accounts, trading, wallet, crypto credit card, crypto loan and ...
BlockFi wins money services license in Iowa
BlockFi, a New Jersey-based crypto lending platform, has received a money services license in Iowa, the company announced June 28. We’re excited to announce that we’ve received our Money Service...
Morgan Creek in Talks With Investors to Join FTX in the BlockFi Bailout
Morgan Creek Digital, a cryptocurrency investment firm, is reportedly in talks with potential investors as it seeks to raise funds to counter FTX’s proposed bailout of crypto lender BlockFi. As report...
Morgan Creek Said To Be In Bid To Secure $250-M To Counter FTX BlockFi Bailout
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 partici...
BlockFi to Raise Interest Rates on Crypto Deposits, despite Encounter Bear Market
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...
BlockFi Increased Deposit Rates And Removed Free Withdrawals, Here’s What We Know
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 ...
FTX Reportedly Planning to Acquire a Stake in BlockFi
Major cryptocurrency exchange FTX is looking to purchase a stake in struggling digital asset lender BlockFi, shortly after the latter received a $250 million revolving credit from the SBF-spearheaded ...
This Hedge Fund Is Trying To Bailout BlockFi To Counter FTX
According to a crypto news website Coindesk, a leaked call has revealed that BlockFi’s long time backer Morgan Creek Digital, is trying to raise $250 million to counter FTX’s bailout. The bailout is s...
FTX reportedly plans to acquire a stake in BlockFi
FTX, one of the largest cryptocurrency exchanges, is set to acquire a stake in BlockFi. BlockFi is a cryptocurrency lending firm recently bailed out by Alameda Research after facing liquidity issues. ...
BlockFi can soon be purchased by FTX
Crypto trade FTX is in converses with buy stake in BlockFi BlockFi got a $250 million credit extension from FTX recently, recommending the firm is needing financing FTX and related organizations have ...
Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows
According to Yusko, the FTX credit line proposal had a catch for BlockFi’s existing shareholders: It gave FTX the option to buy BlockFi “at essentially zero price.” If FTX were to exercise said option...
Crypto Exchange FTX Interested in Acquiring a Stake in BlockFi: Report
The Bahamas-based digital asset exchange FTX is reportedly interested in acquiring a stake in crypto lender BlockFi. The Wall Street Journal reports discussions between the firms are ongoing and that ...
BlockFi to Increase Deposit Rates, Removes Free Monthly Withdrawal
BlockFi CEO, Zac Prince, announced Friday that the crypto lender would increase deposit rates and rescind a policy permitting one free withdrawal per month. This announcement comes after BlockFi had p...
FTX in talks to acquire BlockFi stake, Wall Street Journal reports
FTX is considering taking a stake in crypto lender BlockFi, according to a report by the Wall Street Journal on Friday. Sam Bankman-Fried’s crypto exchange provided a $250 million credit line t...