BlockFi Financial News

27.06 / 15:21

MARKET BlockFi Terra Bitcoin Unsustainable Mike Novogratz Now Admits That Terra's Model Was Unsustainable

Galaxy Digital CEO Mike Novogratz has said that although he was “worried about the macro environment,” he was hoping bitcoin (BTC) “would stay in the USD 30,000 to USD 50,000 range.” At the same time, he argued that the model his once-favorite crypto Terra (LUNA) was built on was unsustainable.

21.06 / 18:21

business cryptocurrency crypto winter BlockFi Crypto firm BlockFi signs $250 million revolving credit agreement with FTX

BlockFi has signed a term sheet with digital asset exchange FTX for a $250 million revolving credit facility, the cryptocurrency firm's chief executive officer, Zac Prince, said in a tweet.

21.06 / 16:09

lending FTX BlockFi Fried BlockFi Secures USD 250M Credit Facility from Bankman-Fried's FTX

Major crypto lender BlockFi said it secured a USD 250m loan from the FTX exchange in an attempt to bolster its balance sheet.

14.06 / 16:47

Career coinbase Exchange BlockFi Coinbase Says It Grew Too Quickly and Now Lays Off 1,100 Employees

Major crypto exchange Coinbase said it will reduce its workforce by around 18% in order to cut expenses and increase efficiency ahead of a possible recession.

21.03 / 13:13

Hack security BlockFi safe raid BlockFi, Swan Bitcoin, Pantera Advise Users How to Stay Safe After Data Got Hacked in Hubspot CRM Raid

On Friday, a hacker targetting crypto customers’ data discovered a vulnerability in the client relationship management (CRM) platform Hubspot, making off with customer data from firms such as BlockFi, Swan Bitcoin, and Pantera Capital - and all three companies have shared steps customers can take to help ensure the safety of their data and funds.

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