FTX US may buy BlockFi for $15M.
A recent report claims that the $15 million base price of the purchase deal between BlockFi and FTX.US might increase depending on performance. According to reports, leading cryptocurrency exchange FTX.US has been in discussions to buy BlockFi for as low as $15 million, less than the previously projected $240 million price tag. Performance-based BlockFi acquisition […]
BlockFi has $1.8B in unpaid loans in second quarter
BlockFi revealed that as of the end of Q2, it had $600 million in “net exposure” and $1.8 billion in outstanding loans from institutional and retail investors. BlockFi, a cryptocurrency lender, published its liquidity and credit risk management practices as well as the total number of loans and net risk exposure it had at the […]
New Jersey postpones effective date of cease-and-desist order for BlockFi until December
An extension to a New Jersey cease-and-desist order for new interest accounts at crypto lender BlockFi will take effect on December 1, according to a statement released by the company on Wednesday. According to BlockFi , the New Jersey Bureau of Securities has approved the third extension of its cease-and-desist order, marking the third time […]
Caitlin Long slams The New York Times for publishing a crypto ‘alarm’ article
Caitlin Long, CEO of Avanti, a regulated crypto bank, believes that painting the entire crypto business with the same brush is unfair. Caitlin Long , the CEO of Avanti Bank and Trust, has responded to a recent New York Times piece alleging that cryptocurrency and decentralized finance is “disrupting the banking industry” at a pace […]
BlockFi partners with NBA Star Cade Cunningham
Cade Cunningham is the most recent big name in sports to embrace cryptocurrency, and he believes that digital assets are becoming an increasingly significant element of the financial system. The professional basketball player has agreed to take part in exclusive interviews and educational videos in exchange for Bitcoin (BTC/USD) bonuses from BlockFi. According to a […]