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 leading cryptocurrency lending platform CEO Zac Prince disputes the reports that the firm has sold for $25 million, BlockFi previous value was
BlockFi received a $250 million line of credit from FTX. Massive leverage is the root of many problems afflicting the crypto community. The current bear market and the aftermath of Terra LUNA and UST last month have significantly impacted the crypto industry. The demise of Terra set off a chain
Currently, 1114 owners have gained Snoopverse Early Access Pass. Snoop Dogg and Eminem collaborated on a music video. Snoop Dogg is an early adopter and the most noticeable celebrity figure in the Web3 community. Anyone who follows him on Twitter knows that his attention is now used on everything related
Banxa will allegedly reduce its workforce from 230 to 160 personnel. European Managing Director Jan Lorenc plans to depart the business in European market. According to Banxa, a crypto payments service provider, 30 percent of its workforce will be let off as a cost-cutting measure during the current bear market.
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 cryptocurrency exchange FTX is planning to buy a stake in lending company BlockFi. It seems that talks between
The lawsuit claims that Coinbase failed to disclose TerraUSD’s true nature. GYEN surged in value, then plummeted a week after Coinbase added it to its platform. On Thursday, a class-action lawsuit was launched against Coinbase, claiming the trading platform was irresponsible in listing the TerraUSD stablecoin and charging that it
The Web 3.0 wave is fast catching up with centralized crypto exchanges and brokerages. In the past two years, there has been a gradual shift to the Decentralized Finance (DeFi) market, with more crypto natives opting for permissionless ecosystems. Today, this industry enjoys a total value locked of $106 billion,
Users will also be able to fund their brokerage accounts on FTX using stablecoins. The exchange claims it will not be paid for order flow (PFOF). FTX, a cryptocurrency exchange, is starting stock trading for its users in the United States via its U.S. branch. Bankman-Fried, the wealthy co-founder, said
The “BlueWhale0073” wallet holder has purchased 455,957,607,129 SHIB tokens. Shiba Inu has seen a 25% increase in the last 24 hours. Rain platform, the Middle East’s premier crypto trading platform, has finally chosen to begin Shiba Inu trading after considering it for more than two months. On the other hand,
15.25% of the total holdings are in SHIB. SHIB price rallied following the announcement of the Robinhood listing. Using blockchain-based technology and public ledgers is a reward because they’re open. As a result, anybody with an internet connection may access the data and get useful information. Long considered firms with
