BlockFi | ForkLog

ForkLog 10 11.11.2022

BlockFi halts withdrawals amid FTX crisis

The lending platform BlockFi said it would not be able to operate normally and would restrict operations due to the lack of clarity regarding the status of FTX and Alameda Research.

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ForkLog 9 09.11.2022

Crypto industry participants distance themselves from FTX and Alameda Research.

Several major players in the crypto industry said they did not have close ties to Sam Bankman-Fried’s FTX and Alameda Research. According to representatives of several companies, the current crisis will not affect their operations.

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ForkLog 6 08.11.2022

BlockFi launches savings accounts for accredited investors

The crypto-lending platform BlockFi has resumed offering savings-account services to U.S. residents.

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ForkLog 7 22.07.2022

BlockFi loan portfolio tops $1.8 billion

As of June 30, 2022, BlockFi's crypto-lending platform had liabilities to institutional and retail investors exceeding $1.8 billion. Of these, $600 million in loans were unsecured.

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ForkLog 6 02.07.2022

FTX US signs deal with BlockFi, with option to acquire the lending platform

The U.S. arm of the bitcoin exchange FTX will issue a $400 million revolving credit facility to BlockFi and will obtain an option to acquire the lending platform for $240 million.

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ForkLog 11 01.07.2022

Bloomberg reports Ledn’s offer for BlockFi

BlockFi, the crypto-lending company in financial distress, received a deal proposal from competing platform Ledn, Bloomberg reports, citing sources.

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ForkLog 9 29.06.2022

BlockFi secures license in Iowa

The crypto lending platform BlockFi has obtained a license to provide financial services in the state of Iowa, United States.

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ForkLog 6 26.06.2022

Morgan Creek Digital plans to acquire controlling stake in BlockFi

Morgan Creek Digital is trying to raise $250 million from investors to acquire a controlling stake in BlockFi. CoinDesk reports, citing Morgan Creek founder and CEO Mark Yusko.

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ForkLog 10 24.06.2022

FTX in talks to acquire stake in BlockFi, reports say

FTX is in talks to acquire a stake in the lending platform BlockFi, according to the Wall Street Journal.

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ForkLog 8 21.06.2022

FTX to provide BlockFi with a $250 million revolving credit facility

BlockFi signed a letter of intent with the cryptocurrency exchange FTX to secure a $250 million revolving credit line.

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ForkLog 7 17.06.2022

Media: BlockFi liquidated part of Three Arrows Capital’s positions

The crypto lending platform BlockFi liquidated at least part of the Three Arrows Capital (3AC) fund's positions.

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ForkLog 29 14.06.2022

BlockFi to lay off a fifth of its workforce

The crypto-lending platform BlockFi announced layoffs of more than 850 employees, roughly 20%.

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