blockfi

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Crypto Lender BlockFi Had $1.8B in Open Loans at End of June and $600M of Exposure
The company has released a quarter-end snapshot of a number of operating statistics.
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CoinDesk - Unknown
BlockFi Quickly Reverses Plan to Stop Accepting GBTC as Collateral
The troubled crypto lender BlockFi said earlier Tuesday that it would no longer accept shares of the Grayscale Bitcoin Trust as collateral. A few hours later, the company said in a statement that "We are not saying that we won't support GBTC as collateral moving forward."
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CoinDesk - Unknown
Crypto News Roundup for July 8, 2022
With some fresh technical indicators suggesting a bullish revival ahead in the crypto markets and a look at what some crypto lenders got wrong from the get go, CoinDesk’s “Markets Daily” is back with the latest news roundup.
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CoinDesk - Unknown
From One to Zero: BlockFi’s Fire Sale Shows the Uber Startup Model Is Disastrous for Finance
Peter Thiel’s monopolistic theories about building companies have clearly hit their limit: banking.
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CoinDesk - Unknown
Ledn Makes Competing Bid for Troubled Crypto Lender BlockFi: Report
BlockFi CEO Zac Prince denied a story that his company had agreed to a sale to FTX for just $25 million.
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CoinDesk - Unknown
El exchange FTX está cerca de comprar BlockFi por solo $25 millones
La plataforma de préstamos cripto valía $1000 millones a principios de mes, según fue reportado.
CoinDesk - Unknown

CoinDesk - Unknown
FTX Close to Buying BlockFi for Just $25M
The beleaguered crypto lender was reportedly close to finalizing a down round valuing it at $1 billion earlier this month.
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CoinDesk - Unknown
Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows
FTX’s $250 million credit facility offer – if inked as initially proposed – stood to effectively wipe out all BlockFi shareholders, including Morgan Creek Digital, the firm told its investors.
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CoinDesk - Unknown
BlockFi Raises Deposit Rates, Eliminates Free Withdrawals
The rate increases across BTC, ETH, USDT and other crypto deposits come after layoffs at the company and a $250 million emergency line of credit from FTX.
CoinDesk - Unknown

CoinDesk - Unknown
FTX in Talks to Acquire Part of BlockFi: Report
FTX previously extended a $250 million emergency line of credit to the struggling crypto lender earlier this week.
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