BLOCKFI
Description
BlockFi offers market-leading financial tools to help crypto investors earn interest on their crypto and get USD funding through crypto-backed loans.
BlockFi offers market-leading financial tools to help crypto investors earn interest on their crypto and get USD funding through crypto-backed loans.
Investors Sell FTX, Celsius, BlockFi, Voyager
A number of investors who lost money as a result of the recent failures of FTX, Celsius, BlockFi, and Voyager Digital are considering transferring their claims to other parties. Nearly 10,000 claims were posted at the time this article was written, including 9,072 claims on Celsius Network, 93 claims on Voyager, 67 claims on FTX, and 23 claims on BlockFi. It has been alleged that former FTX CEO Sam Bankman-Fried has cashed out a total of $684,000 since he was released on bail.
BlockFi Petitions To Restore Wallet Users' Frozen Crypto
On November 11, BlockFi banned withdrawals and asked customers not to deposit to wallets or Interest Accounts due to FTX uncertainty. The lending platform intends to seek similar remedies from the Supreme Court of Bermuda. Jan 9 is the hearing date for the motion's approval.
BlockFi Suspends Withdrawals Following FTX Crisis
Crypto lender BlockFi announced on Twitter that they have suspended withdrawals and normal business operations due to the lack of clarity around the current status of FTX.
BlockFi to Relaunch Yield Bearing Product in the US After SEC Settlement
Months after settling with the SEC, BlockFi has now re-introduced its yield product
69 % Female Crypto Investors in U.S. Adopt Holding Strategy, Survey Shows
Real Talk survey BlockFi suggests that female crypto investors on American soil had a long-term outlook because they had adopted the buy-and-hold strategy.
FTX Derivatives Exchange Revenue Tops $1B in 2021, Report Says
The financial record of FTX Derivatives Exchange for the 2021 financial year has shown that the company’s revenue topped the $1 billion mark according to leaked earnings documents seen by CNBC.
FTX's Sam Bankman-Fried Justifies Firm's Offer to Voyager Digital
Sam Bankman-Fried, the co-founder and Chief Executive Officer of FTX Derivatives Exchange, justified the bid the trading platform and its subsidiary Alameda Ventures extended to bail out Voyager Digital.
BlockFi Total Loan Tops $1.8B With a $600M Net Risk Exposure in Q2
BlockFi, a major crypto lending firm based in New Jersey, officially disclosed a total loan of $1.8 billion and a net unsecured exposure of $600 million by the end of the second quarter of 2022.
BlockFi Stops Accepting GBTC as Collateral
BlockFi now stops accepting shares in the Grayscale Bitcoin Trust (GBTC) as collateral for loans, showing the impact of liquidation from Three Arrows Capital across the crypto space.