Michael Saylor Pushes Bitcoin-Backed Loans, Proposes New Financial Path for BTC Holders
Michael Saylor proposes Bitcoin-backed loans via major banks, but Saifedean Ammous warns of risks. #Bitcoin #Crypto #Finance
BlockFi
BlockFi Concludes Sale of FTX Claims Amid Bankruptcy Process
#BlockFi finalizes #FTX claims sale at a premium, paving the way for 100% creditor payouts amid its bankruptcy process. #CryptoNews
BlockFi Begins Interim Crypto Distributions via Coinbase
#BlockFi begins crypto payouts via #Coinbase in July after bankruptcy. Non-US clients excluded due to regulatory issues. #CryptoNews
BlockFi Announces Platform Shutdown Amid Crypto Lending Struggles
Struggling #BlockFi to close their web platform by May 2024, partnering with #Coinbase for client fund withdrawals. CEO blames #FTX founder. #Crypto #Blockchain #DeFi
BlockFi Sells $160 Million Bitcoin (BTC) Mining Loans
BlockFi Inc., a defunct cryptocurrency lender, aims to offer loans for around $160 million, secured by some 68,000 Bitcoin mining rigs.
Crypto Investor Loses Over $500k in CeFi Yield Products
A crypto investor has come on the Reddit platform to admit that he lost over $500,000 in Centralized Finances’ yield products. Read CNL for more.
BlockFi CEO Irked by Celsius, Voyager Comparison
Zac Prince told people not to compare BlockFi with Celsius and Voyager. FTX has acquired BlockFi for $25 million. Celsius has hired new lawyers to explore its Chapter 11 bankruptcy options, while Voyager explained where customers’ money is held. BlockFi CEO Zac Prince took his displeasure to Twitter at being placed in the same league with embattled Celsius Network and Voyager Digital. As stated in the tweet, people should not put “BlockFi in the same bucket/sentence as Voyager and Celsius.” However, he admitted that two months ago, their situation were similar. In detail, BlockFi has been struggling in many areas
