Crypto exchange FTX is reportedly in talks to acquire a stake in BlockFi after the company issued a $250 million credit to the lending firm. According to a Friday report from the Wall Street Journal, ...
Tag: BlockFi
FTX Reportedly Planning To Buy Stake in Crypto Lending Firm BlockFi
Exchange News The total sum being discussed has not been made public yet. The company sold its stake in 3AC and reduced 20% of its personnel this month. Wall Street Journal reports that well-known cry...
How the BlockFi bailout could signal a change for the crypto industry
Facing a liquidity crisis, this week crypto lending platform BlockFi announced that it signed a term sheet with FTX to provide a $250 million revolving line of credit, which will be used to bolster it...
FTX Plans to Acquire Stake in Crypto Lender BlockFi: Report
FTX, the cryptocurrency exchange led by billionaire Sam Bankman-Fried, has entered negotiations to acquire a stake in the beleaguered crypto lending firm BlockFi, according to a report today in the Wa...
BlockFi Raises Interest Rates on Crypto Deposits Despite Market Downturn
Leading cryptocurrency lending platform BlockFi has disclosed plans to increase rates on selected crypto assets, including BTC, ETH, and USDC, in its Interest Account (BIA) starting July 1. “On Frida...
FTX Could Soon Purchase Stake in BlockFi: Report
Key Takeaways Crypto exchange FTX is in talks to purchase stake in BlockFi, according to reports from the Wall Street Journal today. BlockFi received a $250 million line of credit from FTX earlier thi...
SBF continues acquiring stakes in competition with BlockFi talks
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BlockFi Raises Rates Three Days After FTX Bailout
Key Takeaways BlockFi is increasing its interest rates on BTC, ETH, and stablecoins. The company claims the rise in rates is made possible by its effective risk management strategies, decreasing marke...
FTX in Talks to Acquire Part of BlockFi: Report
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BlockFi Secures $250 Million Line of Credit From FTX
Crypto lender BlockFi has secured a $250 million revolving line of credit from crypto exchange FTX, CEO Zac Prince announced Tuesday morning on Twitter. “Today @BlockFi signed a term sheet with @FTX_O...
FTX Chief Executive Sam Bankman-Fried Bails Out BlockFi
FTX chief executive Sam Bankman-Fried has acted as a lifeline for the struggling $900bn crypto industry by providing the much-needed second bailout this week. He has done this twice in the past few we...
BlockFi CEO Provides More Details on the $250M Revolving Credit Taken From FTX
Yesterday, the popular cryptocurrency lending company BlockFi announced a $250 million revolving credit facility from cryptocurrency exchange FTX to bolster its balance sheet and strengthen its footho...
Sam Bankman-Fried rescues crypto lenders BlockFi, Voyager
With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help. Billionaire crypto exchange boss Sam Bankman-Fried has signed deals to bail out tw...
Crypto Lender BlockFi Has Secured $250M Loan from FTX
With the impacts of the ongoing cryptocurrency market meltdown biting most crypto lenders very hard, outfits like BlockFi have sought out a solution from FTX Derivatives Exchange. As announced by Bloc...
The loan from FTX to BlockFi
In a Twitter post, the CEO of the decentralized finance money lending platform, BlockFi, Zac Prince, announced, somewhat surprisingly, that his company had secured a $250 million line of credit from c...
BlockFi secures $250 million bailout from FTX
BlockFi secured a $250 million credit facility from crypto exchange giant FTX in a reprieve for the US crypto lender. “Today BlockFi signed a term sheet with FTX to secure a $250m revolving cre...
BlockFi Lands $250m Credit Facility from FTX Derivatives Exchange
BlockFi, in exploring avenues to leave the league of the most distressed cryptocurrency lending platforms around, has got a $250 million credit facility from FTX Derivatives Exchange. Announced on Tu...
Crypto Lending Company BlockFi Secures $250m Revolving Credit Facility With FTX
Cryptocurrency lender company BlockFi has signed a nonbinding agreement with leading American crypto exchange FTX to secure a $250 million revolving credit facility to improve its balance sheet and st...
BlockFi gets $250 million credit facility from FTX to support platform
? Want to work with us? CryptoSlate is hiring for a handful of positions! Crypto lending platform BlockFi has signed a term sheet with leading crypto exchange FTX to secure a $250 million revolving cr...
BlockFi Signs Term Sheet Securing Credit Line From FTX
Crypto lender BlockFi has provisionally secured a $250 million revolving credit facility from FTX with access to more capital as it attempts to shore up liquidity and keep out the chill plaguing fello...
FTX Exchange Bails Out BlockFi With $250M
Is FTX saving the crypto industry or taking control of it? The derivatives-focused cryptocurrency exchange has been on the sidelines, watching everything around them collapse, and finally decided to t...
BlockFi Receives $250M Revolving Credit Facility From FTX Exchange
5 hours ago | 2 mins read Defi News BlockFi receives a $250 million umbrella loan as per CEO Prince. BlockFi revealed early last week that it was cutting 20% of its personnel. BlockFi and FTX have tea...
Crypto exchange BlockFi secures $250M credit from FTX amid bear market
BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX. Today @BlockFi signed a term sheet with @FTX_Official to sec...
Crypto Exchange FTX Injects $250,000,000 Into BlockFi, Acquires Stock-Clearing Startup
Crypto exchange FTX is pouring hundreds of millions of dollars into top digital assets lender BlockFi, while also acquiring stock-clearing firm Embed. FTX CEO Sam Bankman-Fried explained on Twitter wh...
Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet – Coinotizia
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
BlockFi recibe una línea de crédito de $250 millones por parte de FTX
Aunque ahora está en condiciones de respaldar una caída del mercado general, FTX es una de las empresas que liquidó a Celsius, la problemática plataforma descentralizada de préstamos cripto que se vio...
BlockFi Secures $250 Million Credit Facility From SBF’s FTX
BlockFi’s CEO – Zac Prince – took it to Twitter to announce the term sheet deal with FTX to obtain a revolving credit worth $250 million. The company aims to utilize the funds to strengthen its balanc...
Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet – Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
Crypto Lender BlockFi Gains $250 Mln Credit Line From FTX
Crypto lender BlockFi said on Tuesday that it has signed a deal with crypto exchange FTX for a $250 million revolving credit facility. The credit line will be used by BlockFi to meet its obligations w...
BlockFi Secures $250M Revolving Loan From FTX
Key Takeaways BlockFi has secured a $250 million credit facility from crypto exchange FTX. BlockFi CEO Zac Prince said that the agreement would “unlock future collaboration and innovation between Bloc...
BlockFi Receives $250M Credit Facility From FTX
Though it is now in the position of backstopping a broader market crash, FTX is reportedly one of the firms that liquidated Celsius – the troubled crypto lending platform that was forced to halt all u...