Tue, November 12

BlockFi Was Being Sold to FTX But CEO Zac Prince Refused

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

July 1, 2022 2 mins read

FTX Exchange CEO Reveals More Crypto Firms on Brink of Collapse

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

June 30, 2022 2 mins read

Crypto Lender BlockFi Licensed to Expand Services Lowa

Iowa residents can trade stablecoins in the state with help of BlockFi. BlockFi Reduced its workforce by 20% this month. On June 28, BlockFi a crypto lending platform based in Jersey announced that it has received a money service license in Iowa,  just two weeks after being fined by Iowa

June 29, 2022 2 mins read

Is FTX Exploring Deals to Buy Robinhood?

Sam Bankman-Fried disclosed a 7.6% stake in Robinhood. Following the report, Robinhood surged over 14%. The cryptocurrency exchange FTX said to consider acquiring the digital trading platform Robinhood, a prominent Magazine reported on Monday. Robinhood has not yet received a formal notice from FTX of any such acquisition and there

June 28, 2022 2 mins read

FTX Reportedly Planning To Buy Stake in Crypto Lending Firm BlockFi

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

June 25, 2022 2 mins read

FTX Added New Trading Pairs For AVAX, MATIC & TRX

FTX partnered up with BlockFi to offer a new credit line  FTX offers trading opportunities for over 100 cryptocurrency trading pairs. FTX a Bahamas-based centralized cryptocurrency exchange added trading pairs for Avalanche (AVAX), Tron (TRX), and Polygon (MATIC).  The whole cryptocurrency market is facing a downtrend, it lost more than

June 23, 2022 1 min read

BlockFi Receives $250M Revolving Credit Facility From FTX Exchange

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 teamed together to provide a new credit line. Cryptocurrency exchange FTX has granted BlockFi a $250 million credit facility, according to CEO

June 21, 2022 2 mins read

Leading Exchange FTX Announces Plans to Buy Canadian Crypto Firm Bitvo

The purchase is scheduled to conclude in the third quarter of 2022. On June 6, SBF indicated FTX would not reduce or freeze its employment. A deal has been reached to acquire Bitvo, a Canadian crypto platform, by the cryptocurrency derivatives exchange FTX. Announcing the acquisition of Bitvo on Friday,

June 17, 2022 2 mins read

3AC Transfers $90M FTT on KuCoin

3AC in liquidation of $400 million. Transfers $90 million worth FTT on KuCoin. Refrains FTX from tracking its transactions. The Three Arrows Capital (3AC) has been facing quite tough times recently. Indeed, the entire crypto-based firms and institutions are undergoing the same pain. The Dubai-based crypto funding firm is under

June 15, 2022 2 mins read

FTX CEO Reveals Hunt For New Acquisitions and Growth Involving Billions

FTX has made $1.56 billion in crypto transactions in the last 24 hours. More than $2 billion has been raised by the FTX crypto exchange and its parent firm. In an interview with Bloomberg’s Allyson Versprille and Yueqi Yang on Friday, FTX CEO Sam Bankman-Fried said that the company is

May 30, 2022 1 min read