After providing $750M in credit lines, Sam Bankman-Fried says some crypto companies are “basically too far gone”, “bearish views on Tether are wrong”, and more
After throwing lifelines to troubled digital currency platforms BlockFi and Voyager Digital …
Leaked investor call: BlockFi backer Morgan Creek Digital aims to raise $250M to counter FTX's BlockFi bailout, since it could wipe out BlockFi shareholders
FTX's $250 million credit facility offer - if inked as initially proposed - stood to effectively wipe out all BlockFi shareholders …
Leaked investor call: BlockFi backer Morgan Creek Digital aims to raise $250M to counter FTX's BlockFi bailout, since it could wipe out BlockFi shareholders
FTX's $250 million credit facility offer - if inked as initially proposed - stood to effectively wipe out all BlockFi shareholders …
Sources: FTX is in talks to acquire a stake in BlockFi but no equity agreement has been reached; FTX gave the crypto lender a $250M credit line this week
Happy Friday Everyone! 👋 Danny Nelson / CoinDesk : FTX in Talks to Acquire Part of BlockFi: Report Liam ‘Akiba’ Wright / CryptoSlate : FTX CEO Sam Bankman-Fried in talks to acquire a share of BlockFi...
Sources: FTX is in talks to acquire a stake in BlockFi; FTX gave the crypto lender a $250M credit line this week
FTX gave crypto lender a $250 million credit line this week — Crypto billionaire Sam Bankman-Fried has become a lender of last resort to his beleaguered industry.
BlockFi CEO Zac Prince says the crypto lender “signed a term sheet with FTX to secure a $250M revolving credit facility”
- BlockFi secures $250 million revolving credit facility from crypto exchange FTX. — The crypto lender says the deal ‘bolsters our balance sheet and platform strength.’ Source: @blockfizac .
Sources: BlockFi was among the groups that liquidated at least some positions held by Three Arrows Capital, which failed to meet margin calls this past weekend
Negativity Continues to Plague the Crypto Hedge Fund Anushsamal / Bitcoinist.com : BlockFi Mentions That It Liquidated Three Arrows Capital, Here's What We Know! John P. Njui / Ethereum World News : D...
Major cryptocurrencies crash as the crypto market cap falls below $1T: bitcoin drops 15%+ to ~$22K, ether drops 16%+ to ~$1.2K, and Solana drops 7%+ to ~$28
(Any views expressed below are the personal views of the author … Mitchell Clark / The Verge : BlockFi and Crypto.com lay off hundreds of staff as coins slump Dylan LeClair / Bitcoin Magazine : Celsiu...
Sources: Crypto lending and borrowing service BlockFi is in the process of raising a down round at a $1B valuation; BlockFi was last valued at $3B in March 2021
Frank Chaparro / The Block :
Crypto lending and borrowing service BlockFi raises $350M Series D at a valuation of $3B, bringing its total raised to around $450M
If there were any doubt about a cryptocurrency boom, we need look no further than at the explosion of growth of certain companies in the space.