Advertisement     BlockFi has signed a term sheet with FTX involving a $400 million credit facility and an option to buy. Depending on BlockFi’s performance in the com...
Tag: Deal
EU agrees on a provisional deal to regulate crypto assets
The European Union is set to become among the first jurisdictions to formulate comprehensive rules for the cryptocurrency market. Last week, the EU lawmakers agreed on a provisional deal that contains...
Boeing stock rated a ‘strong buy’ despite losing China deal to Airbus
Following the announcement on Friday, July 1, by three big Chinese airlines that they would be purchasing 300 aircraft from Airbus (OTCMKTS: EADSY), Boeing (NYSE: BA) appeared to have a negative pictu...
£15bn deal for UK Power Networks collapses after owner lifts price
The £15bn takeover of Britain’s largest electricity distributor by a consortium led by KKR and Australia’s Macquarie has collapsed after rising inflation prompted a last-minute price rise by its Hong ...
Crypto Exchange FTX US Rescues BlockFi With $640 Million Deal
FTX US, the United States division of Sam Bankman-Fried’s cryptocurrency derivatives exchange FTX has signed a “definitive agreement” worth $640 million with troubled crypto lender BlockFi. According...
FTX Agree to New Credit Deal and Acquisition Terms
The FTX and BlockFi deal is nearing a close FTX Price at the time of writing – $0.003867 The new deal increases the size of the revolving line of credit from FTX to $400 million Digital money loaning ...
FTX’s Sam Bankman-Fried Eyes Bailing Out Jittered Crypto Miners After Inking BlockFi Deal
Sam Bankman-Fried, the CEO and founder of crypto exchange FTX, revealed that he was looking at the option of making acquisitions in the limping crypto mining sector, according to a Bloomberg report. ...
Australian Regulators Mull Deal to Power Bitcoin Mines from Gas Fracking
Australian energy and resources company Black Mountain Energy has entered into a deal with a U.S. energy company to use gas from fracking to power Bitcoin servers. The initiative will harness the gas ...
BlockFi strikes credit deal with FTX US, outlines acquisition path
BlockFi, the crypto lending firm, announced on Friday a deal with exchange operator FTX US that would provide the firm with a $400 million revolving credit line and outlines the path to an acquisition...
EU Makes Deal on MiCA Legislation to Regulate Crypto Markets – Regulation Bitcoin News
Representatives of key European Union (EU) institutions and member states reached an agreement on the Markets in Crypto Assets regulatory proposal. The progress in the negotiations over the comprehens...
Ripple Secures Deal for XRP Ledger To Be Used in Land Registry System by Colombian Government
Payments platform Ripple is inking a new deal with the Colombian government to use the XRP Ledger (XRPL) in the nation’s land registry system. Crypto software development firm Peersyst Technology anno...
FTX set to acquire BlockFi in a $680M deal
FTX has secured a deal with troubled crypto lending firm BlockFi. The deal will give this exchange the ability to acquire BlockFi. BlockFi has faced financial troubles recently following the ongoing m...
Crypto Billionaire Sam Bankman-Fried Inks BlockFi Deal, Eyes Distressed Miners Next
(Bloomberg) — Sam Bankman-Fried, the co-founder of crypto exchange FTX US who just signed a deal with BlockFi Inc., said he’s open to exploring acquisitions in the battered crypto-mining industr...
BlockFi announces deal with FTX US, including ‘option to acquire’ for $240M
FTX US has inked a deal with BlockFi that will give the crypto derivatives exchange the option to purchase the lending firm. In a Friday Twitter thread, BlockFi CEO Zac Prince said the crypto lending ...
FTX Snubs Celsius and Closes BlockFi Deal, Fundraising Rounds with MoHash and Kyve – crypto.news
Recent reports indicate that FTX walked away from a deal to save Celsius after looking deeply into the state of the latter’s financial record. However, FTX is already finalizing a deal to buy BlockFi ...
Big Deal For Tezos As The Team Implements Jakarta, Its 10th Forkless Protocol Upgrade
– Advertisement – Tezos Implements Jakarta, Its 10th Forkless Protocol Upgrade. In a tweet on Tuesday, Tezos reveals it has launched “Jakarta,” its 10th protocol upgrade named after the ...
China snubs Boeing to strike huge new deal with Airbus
Airbus Beluga – REUTERS/Christian Mang China has snubbed troubled aircraft maker Boeing after three of its national flag carriers placed orders worth $37bn (£31bn) with rival Airbus. China Easte...
FTX US Closing In on $240,000,000 Deal To Buy Crypto Lending Platform BlockFi
FTX US is close to acquiring US-based lending platform BlockFi in a deal worth hundreds of millions of dollars. According to BlockFi CEO Zac Prince, pending shareholder approval, the lending platform ...
These Whales Scoop $850 mln Worth FTX Tokens Ahead Of BlockFi Deal
The biggest of the Ethereum (ETH) whale wallets have scooped more than $877 million worth of FTX token (FTT) in the last 24 hours. This huge accumulation has landed amid the ongoing speculation of FTX...
FTX signs a deal giving it the option to buy crypto lender BlockFi
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has signed a deal giving it...
Kohl’s real estate sale on the table after deal talks fall apart
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s might not be selling its business after all. But it’s now ...
Panera Bread terminates SPAC deal with Danny Meyer’s investment group
Florida, Spring Hill, Nature Coast Commons, shopping mall, Panera Bread bakery. Jeff Greenberg | Universal Images Group | Getty Images Danny Meyer’s SPAC and Panera Bread have called off a deal ...
OKC Thunder Guard Lu Dort Earns Five-Year, $87.5 Million Deal
DALLAS, TX – FEBRUARY 2: Luguentz Dort #5 of the Oklahoma City Thunder reacts after sinking a three … [+] point shot against the Dallas Mavericks in overtime at American Airlines Center on...
FTX walked away from a deal with Celsius after seeing state of its finances
Crypto exchange operator FTX looked at making a deal with troubled crypto lender Celsius but ultimately walked away, two people with knowledge of the matter told The Block. FTX began talks with Celsiu...
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...
Financial Companies Report First Deal With Digital Assets Under Russian Law – Finance Bitcoin News
Two companies have carried out Russia’s first transactions with digital financial assets as defined by the country’s current legislation. The deal involved the tokenization of debt issued by a third p...
Jalen Brunson, Knicks Agrees To 4-Year, $104-Million Deal: Report
DALLAS, TEXAS – MAY 12: Jalen Brunson #13 of the Dallas Mavericks reacts against the Phoenix Suns in … [+] the fourth quarter of Game Six of the 2022 NBA Playoffs Western Conference Semifi...
FTX discarded Celsius deal after reportedly finding $2B missing from its balance sheet
FTX has walked away from a deal to acquire Celsius after reviewing its balance sheet and finding a “$2 billion hole,” according to a June 30 report by The Block. Two sources reportedly told The Block ...
Why Universal Signed First-Look Deal With Michael Bay’s Platinum Dunes
LOS ANGELES, CA – OCTOBER 05: Producer Michael Bay (L) and producer Brad Fuller (R) arrive at the premiere of New Line’s “Texas Chainsaw Massacre: The Beginning” at GraumanR...
EU agrees to deal on landmark MiCA cryptocurrency regulation
Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images EU officials on Thursday secured an agreement on what i...
Russia’s State-Owned Bank Subsidiary VTB Signed Its First Major Deal With Digital Financial Assets: Details
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