3 / 3 Relevant items tagged with #Blockfi

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Crypto Contagion Lesson For Lenders: Stay Out Of Bitcoin Mining

[Jan 3, 2023 7:00 PM] The collapse of two giant crypto lending businesses that also mined bitcoin yields a few interesting lessons.“Contagion” is the most popular word in crypto after the disastrous fallout of the past year. And dominos keep falling as investors…

SBF borrowed $546M from Alameda to fund Robinhood share purchase

[Dec 27, 2022 9:29 PM] An affidavit by the FTX founder revealed Alameda funded the purchase of Robinhood shares which were later used as collateral for Alameda to secure a loan from BlockFi.

FTX Attempts to Freeze Robinhood Shares as Creditors Swarm to Scoop $450M in HOOD Stock

[Dec 23, 2022 12:30 PM] Court filings show that debtors from FTX Trading Ltd. and Alameda Research want 56 million shares of Robinhood stock frozen after multiple creditors are seeking access to the funds, and also Sam Bankman-Fried (SBF). Court Filing Wants to…

California regulators order MyConstant to cease crypto-lending services

[Dec 21, 2022 9:48 PM] The California DFPI warned in July that it would be cracking down on crypto interest account providers in the state.

BlockFi files motion to return frozen crypto to wallet users

[Dec 19, 2022 11:59 PM] Crypto lender BlockFi has asked a U.S. bankruptcy court for the authority to return the crypto held in BlockFi wallets to users.

Bankruptcy court told FTX and Alameda owe BlockFi $1B... but it's complicated

[Nov 29, 2022 11:48 PM] While BlockFi has attempted to separate itself from FTX and Alameda in its bankruptcy proceedings, it has many financial ties to firms owned by SBF.

Ethereum derivatives look bearish, but traders believe the ETH bottom is in

[Nov 29, 2022 1:37 PM] Expectations of stringent regulation and further contagion from FTX continue to weigh on ETH price, but derivatives are showing a modest improvement in sentiment.

This simple Bitcoin options strategy allows traders to go long with limited downside risk

[Nov 29, 2022 12:05 PM] Bullish on Bitcoin but afraid of futures liquidations? Here is how pro traders use options to cast safer bets.

Bitcoin shrugs off BlockFi, China protests as BTC price holds $16K

[Nov 29, 2022 5:13 AM] BTC price action heads higher with Bitcoin joining Asia stocks in a rebound despite FTX pressures continuing.

Silvergate denies recent FUD, confirms minimal exposure to BlockFi

[Nov 28, 2022 10:33 PM] Silvergate Capital has been quick to distance itself from the now-bankrupt crypto lender BlockFi.

BlockFi sues FTX's Bankman-Fried over shares in Robinhood

[Nov 28, 2022 6:27 PM] BlockFi is demanding Bankman-Fried’s investment company turn over its shares in Robinhood as collateral it agreed to pay as part of a pledge agreement.

Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’

[Nov 28, 2022 1:00 PM] On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital currency businesses dealing with significant…

Crypto Lender BlockFi Files For Bankruptcy

[Nov 28, 2022 10:21 AM] The filing indicates that the firm could have up to $10 billion in liabilities, as contagion from FTX spreads.BlockFi has filed for chapter 11 bankruptcy, according to a press release.The lending platform is the latest victim of contagion within…

Prospects Don’t Look so Hot for Sam Bankman-Fried’s Invitation-Only Crypto Bahamas Event

[Nov 25, 2022 3:30 PM] Following the FTX collapse and amid the aftermath, people have been wondering about the company’s Crypto Bahamas conference that was scheduled to happen on April 17-20, 2023, at the exclusive Grand Hyatt Baha Mar, in Nassau. The event planned for…

NYDIG Analyzed The FTX Collapse And Its Implications. What Did We Learn?

[Nov 19, 2022 2:19 AM] It’s time for NYDIG to chip in. The FTX fiasco is the theme of the month in the crypto world, and the show’s just beginning. The NYDIG research team avoids the temptation to summarize the whole saga and goes straight to the implications of the fall…

$600M in Bitcoin options expire on Friday, giving bears reason to pin BTC under $16K

[Nov 17, 2022 3:00 PM] Bears are better positioned for Friday’s $600 million BTC options expiry, but bulls can flip the tables if Bitcoin price trades above $18,000.

Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations

[Nov 16, 2022 9:30 AM] Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that the company’s…

2 More Crypto Platforms Pause Withdrawals as Liquid Global and Salt Lending Cite Exposure to FTX

[Nov 15, 2022 1:30 PM] On Nov. 15, 2022, the crypto exchange Liquid Global revealed that it has suspended fiat and crypto withdrawals “until further notice.” The same day, customers leveraging the crypto lending platform Salt were also informed that Salt has paused…

FTX collapse could see crypto sector layoffs accelerate

[Nov 14, 2022 11:54 PM] While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.”

Payments company Curve bids for BlockFi's 87,000 credit card customers

[Nov 13, 2022 8:09 PM] A Curve spokesperson has confirmed they have been in negotiations to acquire BlockFi's credit card program's customers since Nov. 12.

Blockfi Pauses Customers Withdrawals, Cites ‘Lack of Clarity’ on FTX’s Status as Cause

[Nov 10, 2022 8:30 PM] Blockfi, a cryptocurrency lending platform, has announced that it is limiting the operations of its platform and pausing customer withdrawals. The company issued a letter where it states that this decision was caused by the “lack of…

BlockFi limits platform activity, including a halt on client withdrawals

[Nov 10, 2022 8:09 PM] "We intend to communicate as frequently as possible [...] but anticipate that this will be less frequent than what our clients and other stakeholders are used to."