2 / 2 Relevant items tagged with #Loans

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Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research 

[Jan 25, 2023 9:00 AM] Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure…

We Must Expedite the Move From Centralized Services to Viable DeFi Alternatives

[Jan 23, 2023 4:00 PM] There is a reason centralized exchanges have dominated despite being antithetical to crypto’s core tenets. The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis. The gross mismanagement and outright fraud in 2022 by many…

Bitfarms seeks to modify loan facility with BlockFi as bear market drags on

[Jan 13, 2023 2:00 PM] “During 2022, Bitfarms began taking proactive actions to increase financial flexibility and to reduce indebtedness and capital expenditure obligations,” according to CFO Jeff Lucas.

Gemini Co-Founder Accuses Digital Currency Group of Misrepresentation, Demands CEO Resignation

[Jan 10, 2023 12:30 PM] Gemini CEO Cameron Winklevoss has published another open letter on Twitter, addressed to the board members of Digital Currency Group (DCG). In the letter, Winklevoss accuses DCG and CEO Barry Silbert of making poor decisions with the now-defunct…

Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018

[Jan 2, 2023 9:30 AM] Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have been a facade as a recent report details that Alameda suffered…

Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas

[Dec 28, 2022 6:30 PM] After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement. The following day, on Dec. 28, 2022, Argo detailed it is…

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.

Public Bitcoin mining companies plagued with $4B of collective debt

[Dec 24, 2022 2:30 AM] The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market.

Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG

[Dec 20, 2022 2:30 PM] The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per…

Core Scientific’s Lender Offers $72 Million Bailout To Embattled Miner

[Dec 14, 2022 3:43 PM] The public miner may be saved by its lender as the two entities engage in attempts to restructure their debt.Core Scientific’s lender, B Riley, has stated its intentions of loaning out $72 million to the embattled publicly traded miner. Core…

Tether to reduce secured loans to zero in 2023 amid battle against FUD

[Dec 13, 2022 10:38 PM] The move comes in response to a wave of mainstream media attacks and FUD, primarily from the Wall Street Journal.