BlockFi

A day after BlockFi said that it will explore all options to mitigate its significant exposure to beleaguered exchange FTX, the cryptocurrency lending and trading platform on Tuesday is reportedly ready to file for bankruptcy. In response to the failure of FTX and its sister firm Alameda Research,...

Curve, a payments firm, is in talks to acquire cryptocurrency lender BlockFi's 87,000 credit card customers, whose credit cards were frozen on Nov. 11. What Happened: According to a Curve spokesperson, negotiations between the two companies started on Nov. 12 and are still taking place. ...

FTX founder and former CEO Sam Bankman-Fried announced via Twitter Friday that FTX US, FTX Trading, quantitative research firm Alameda Research and 130 additional affiliated companies to the FTX Group have commenced voluntary proceedings under Chapter 11 bankruptcy. That begs a very...

BlockFi, a cryptocurrency lender said that it can no longer operate its business “as usual” and is limiting withdrawals on the platform, citing a lack of clarity on the status of Sam Bankman-Fried's beleaguered crypto exchange FTX. See Also: FTX Looks To Kraken For Help, But...

FTX CEO Sam Bankman-Fried shared key takeaways from the recent crypto bear market and the bailing out of companies during the time. The CEO also shares what went into what companies to support and being labeled the J.P. Morgan of cryptocurrency. What Happened: An effort to bail out cryptocurrency...

Investor and entrepreneur Mark Cuban took to Twitter Inc (NYSE: TWTR) Monday to criticize SEC Chairman Gary Gensler and his latest comments on cryptocurrency regulation. Here’s what Cuban had to say. What Happened: Gensler wrote an op-ed in the Wall Street Journal titled, “The SEC...

FTX Trading Ltd., the owner of crypto exchange FTX, is reportedly looking to buy South Korean crypto exchange Bithumb, Bloomberg reports.   Bloomberg quoted a person familiar with the matter saying that the acquisition talks have been ongoing for several months.  Bithumb has over 8...

BlockFi CEO Zac Prince is addressing claims surrounding the DeFi protocol. What Happened: In a blockchain letter named “DeFi Worked Great,” Pantera Capital deemed BlockFi to be an unsuccessful example of CeFi, while praising the work done by other protocols. Pantera Capital...

Sam Bankman-Fried, the founder and CEO of FTX, has said the company has “a few billion” to bail out other cryptocurrency companies. What Happened: In a recent interview with Reuters, Bankman-Fried said that FTX still has enough cash to do a $2 billion deal if needed...

After numerous days of conflicting reports leaving BlockFi investors and crypto watchers on edge, company CEO Zac Prince took to Twitter on Friday to announce that FTX signed a deal to bail out the embattled crypto firm. The Numbers: BlockFi signed a definitive agreement with the Sam Bankman-Fried...

Analysts at JPMorgan Chase & Co believe there are two strong reasons to suggest that the end of the cryptocurrency bear market is near. What Happened: In a note to clients seen by Business Insider on Wednesday, JPM strategist Nikolaos Panigirtzoglou reasoned that recent events...

Imagine it is March 2021, and you’re leading a funding round where you’ve raised $350 million at a $3-billion valuation. Now it’s July 2021, and you’re to raise $500 million at an almost $5 billion valuation. Now, imagine it is June 2022 — and you’ve taken a $250...

According to a leaked report being revealed by Coindesk, BlockFi’s long-time backer cryptocurrency investment firm Morgan Creek Digital is trying to raise $250 million to counter FTX’s bailout by purchasing a majority stake in the cryptocurrency exchange.  Recently, BlockFi...

The Terra (CRYPTO: LUNA) crash caused the crypto market to plummet more than 67% from its all-time high, brought about individual investors to lose billions of dollars and triggered liquidations of crypto enterprises that could not repay overcollateralized margin loans....

Crypto lending platform BlockFi announced higher BlockFi Interest Account (BIA) rates Friday.  What Happened: As of July 1, BlockFi will be increasing BIA rates for Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and stablecoins, including USDC (CRYPTO: USDC), Gemini Dollar, PAX and Binance...