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The Latest Breaking News from BlockFi

Crypto Lender Nexo Stays Ahead of Regulators With Minority Stake In Summit National Bank

Crypto lender Nexo recently acquired a minority stake in Summit National Bank.

Crypto: Two Giants Do Business in the Face of Gloom

Crypto: Two Giants Do Business in the Face of Gloom

Young crypto billionaire Sam Bankman-Fried just announced a deal with Anthony Scaramucci, Donald Trump's former top lieutenant.

Silent Wall Street Giant Wades Into Blockchain Tech

Silent Wall Street Giant Wades Into Blockchain Tech

Ethereum (CRYPTO: ETH) rode the momentum of the upcoming Merge—which has been confirmed to begin September 6—to battle its way back to the 1,700 level this week.

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The 30-Year-Old Spending $1 Billion to Save Crypto

Crypto is ailing. Sam Bankman-Fried is betting a billion dollars he can fix it.

Crypto: A Bernie Madoff-Style Scheme May Have Crushed Prominent Lenders

Most financially troubled crypto lenders have one thing in common: hedge fund Three Arrows Capital.

Russia Delivers a Scathing Setback to Crypto

The crypto industry is currently going through an unprecedented crisis that any further setbacks can deepen.

What's Wrong With Coins? Crypto Crisis Explained

The crypto industry is currently going through an unprecedented crisis. Here's a guide to what's going on, and what might be next..

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Crypto Price Check: Investors Are Desperate For A Positive Sign

Crypto Price Check: Investors Are Desperate For A Positive Sign

Investors hope crypto bailouts could help to thaw the "crypto winter."

Crypto: Hedge Fund Debacle May Ruin Two Prominent Lenders

Crypto: Hedge Fund Debacle May Ruin Two Prominent Lenders

Voyager Digital just abruptly halted fund withdrawals, while BlockFi struck a deal with a potential savior.

FTX Bails Out BlockFi, Has Option To Purchase For Up To $240 Million: What You Need To Know

FTX Bails Out BlockFi, Has Option To Purchase For Up To $240 Million: What You Need To Know

After numerous days of conflicting reports leaving BlockFi investors and crypto watchers on edge, company CEO Zac Prince took to Twitter on Friday to announce that FTX signed a deal to bail out the embattled crypto firm.

Bitcoin Price Keeps Falling Amid Crypto Liquidations, Fire Sales

Bitcoin Price Keeps Falling Amid Crypto Liquidations, Fire Sales

Bitcoin continued selling off this week amid crypto liquidations and fire sales.

Investors Business Daily

Stock Market Rally Under Pressure; Micron, GM, Nike, RH Warn: Weekly Review

Stock Market Rally Under Pressure; Micron, GM, Nike, RH Warn: Weekly Review

The new uptrend quickly came under pressure with the major indexes down sharply. Micron and GM warned on earnings.

Investors Business Daily

FTX Reportedly Close to Buying BlockFi

FTX Reportedly Close to Buying BlockFi

An acquisition could take several months to close, and the price could shift between now and Friday.

FTX Reportedly Shopping BlockFi At 99.5% Discount, CEO Shoots Down $25M Figure

FTX Reportedly Shopping BlockFi At 99.5% Discount, CEO Shoots Down $25M Figure

Imagine it is March 2021, and you’re leading a funding round where you’ve raised $350 million at a $3-billion valuation. Now it’s July 2021, and you’re to raise $500 million at an almost $5 billion valuation.

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Crypto Crash: A First Big Domino Falls...Who's Next?

Hedge fund Three Arrows Capital (3AC), which bet big on failing crypto Luna and UST, falls into liquidation.

The Young Billionaire Who Wants to Save Crypto From Chaos

Since the cryptocurrency crash, embattled firms have turned to one name to avoid their collapse: Sam Bankman-Fried.

Sam Bankman-Fried, the Young Billionaire Who Wants to Save Crypto

Since the cryptocurrency crash, embattled firms have turned to one name to avoid their collapse: Sam Bankman-Fried.

Crypto Warning From Within: Billionaire Says More Bad News Ahead

The crypto industry is currently undergoing a truth test that will determine which projects are viable

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3AC defaults on loan worth $670m

Three Arrows Capital (3AC), a prominent crypto hedge fund, defaulted on a loan worth over US$670 million, prompting a steep fall in Bitcoin's price to below $21,000.

Crypto Exchange FTX In Talks To Acquire Stake In BlockFi After Extending $250M Credit Line: Report

The Terra (CRYPTO: LUNA) crash caused the crypto market to plummet more than 67% from its all-time high, brought about individual investors to lose billions of dollars and triggered liquidations of crypto enterprises that could not repay overcollateralized margin loans.

Crypto Bytes: Tuesday's Top Stories And Price Action

The worldwide cryptocurrency market capitalization is at $927 billion, up from $921 billion on Tuesday morning. The top gainer in the current trading session is Celsius (CRYPTO: CEL), trading more than 15% higher to $0.96.

BlockFi Received A $250M Revolving Credit Facility From FTX: Here's How It Will Help

BlockFi, a crypto lending firm, has confirmed a $250 million credit facility from FTX (CRYPTO: FTT).

Coffee And Crypto: What's The Price Of Bitcoin Tuesday?

The worldwide cryptocurrency market capitalization Tuesday is at $921 billion, up from $892 billion on Friday afternoon. Following an announcement that it would cut staff by 20%, BlockFi said this morning that it signed a term agreement with crypto lender and platform FTX to secure a $250-million revolving credit facility.

Investigating the crypto crash

The value of cryptocurrencies has plunged over recent days, with Bitcoin -- the largest coin by market cap -- sinking to its lowest point since 2020.

The Guardian - UK

Crypto exchanges Coinbase and BlockFi lay off hundreds of staff

Employees hit by cryptocurrency crash as bitcoin price has plummeted in recent weeks

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Anthony Scaramucci

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