BlockFi
SBF Agrees Second Bailout; Pride in the Metaverse
Bitcoin, cryptocurrencies return to red with soaring U.K. inflation. Sam Bankman-Fried steps in to bail out BlockFi.Indian tax authorities to discuss 28% GST on crypto trading next week. Chinese regulators vow to prevent further crypto risks. Pride events head into the metaverse, offering a new safe space for the LGBT community. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
BlockFi Receives $250M Credit Facility From FTX
Crypto lending platform BlockFi secured a $250 million revolving credit facility from FTX. BlockFi CEO Zac Prince notes the move “bolsters our balance sheet and platform strength," and added that "the proceeds of the credit facility are intended to be contractually subordinate to all client balances across all account types (BIA, BPY & loan collateral) and will be used as needed."
BlockFi recibe una línea de crédito de $250 millones por parte de FTX
Los fondos serán utilizados para los saldos de los clientes en todas las cuentas, según sea necesario.
3AC Foreclosure Concerns Grow; Fed Boost Short Lived
BlockFi is reportedly among those that liquidated Three Arrows Capital positions. Fed boost to crypto market proves short lived. Huobi to exit Thailand permanently on July 1. Hong Kong Monetary Authority joins with Bank of Israel to investigate CBDC cybersecurity. China media watchdog: NFTs are digital publications and need to be censored. Should NFT collectors be buying insurance? Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
BlockFi Receives $250M Credit Facility From FTX
The proceeds will be used to fulfill client balances across all accounts.
BlockFi Liquidated Three Arrows Capital: Report
CEO Zac Prince tweeted that the crypto lender “exercised our best business judgment.”
Texas, Other States Open Investigation Into Celsius Network Following Account Freeze
The Texas State Securities Board (TSSB) has had the lending platform in its crosshairs for nearly a year.
Coinbase Lays Off Roughly 1,100 Employees as Crypto Market Tumbles
Publicly traded crypto exchange Coinbase is letting go of roughly 1,100 employees to cut costs, according to a recent company filing Tuesday. This comes after BlockFi and Crypto.com also announced layoffs. "The Hash” group discusses the consequences, the dilemma that many of the big names in crypto are facing after over-expanding during the bull run.
Crypto.com y BlockFi eliminarán 400 puestos en medio de la caída del mercado
Las compañías son las últimas del sector en anunciar reducciones, uniéndose a Gemini y Rain Financial, entre otras.
