ICYMI: BlockFi secures $250 million credit facility from FTX
The crypto lender says the deal ‘bolsters our balance sheet and platform strength.’
"Today BlockFi signed a term sheet with FTX to secure a $250m revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength," CEO Zac PrinceCrypto lenders, which provide high-yield accounts for crypto investors, have come under renewed scrutiny this month as Celsiusfor its customers on June 12. The next day, BlockFi announced it would cut about 20% of staff in an effort to trim costs.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
BlockFi Secures $250 Million Credit Facility From SBF's FTXAmid its growing issues, including laying off staff members, BlockFi said it had signed a credit deal with FTX worth $250 million.
Les mer »
BlockFi Secures $250 Million Credit Facility From SBF's FTXAmid its growing issues, including laying off staff members, BlockFi said it had signed a credit deal with FTX worth $250 million.
Les mer »
Crypto exchange BlockFi secures $250M credit from FTX amid bear marketA revolving credit facility is a type of credit that enables you to withdraw money, use it to fund your business, repay it and then withdraw it again when you need it.
Les mer »
FTX US is acquiring equities clearing startup Embed FinancialCrypto exchange FTX US is acquiring equities clearing firm Embed Financial to enhance its newly-launched stocks trading offering.
Les mer »
Crypto winter freezes sports sponsorships for digital asset firmsFTX has reportedly pulled out of talks for a sponsorship deal with the Los Angeles Angels, likely due to the dramatic pullback in crypto markets over the past several weeks.
Les mer »
SBF: Big Players Like FTX Should Step in and Help Crypto RecoverFTX and the other leading companies should help the industry recover even if it leads to losses for them, Sam Bankman-Fried stated.
Les mer »