Credit rating company Fitch Ratings has flagged a high degree of risk associated with Bitcoin-backed securities, a warning ...
Bankrupt crypto lending firm BlockFi reportedly has plans to sell off $160 million in loans backed by around 68,000 Bitcoin mining machines as part of bankruptcy proceedings. In a Bloomberg report on ...
Bitcoin miner Bitfarms (BITF) might have already, or may in the future, stop making installment payments on a $20 million loan from bankrupt crypto lender BlockFi, effectively defaulting on the loan, ...
Bitcoin lending is back on the rise, but with some changes. The collapse of Genesis, Celsius, and BlockFi in 2022 sent painful ripples across the crypto industry. These firms led the charge for ...
Tensions have escalated between the BlockFi Creditors Committee and the beleaguered digital asset lender's management, with the former rebuffing BlockFi's assertion that it fell victim to FTX and ...
An upcoming Bitcoin (BTC) hash rate-backed product that could offer 10%–13% returns shouldn’t be compared to failed products by BlockFi or Celsius, as its returns come from proof-of-work, not “Ponzi ...
BlockFi made a massive blunder that resulted in the crypto lending and trading platform accidentally sending out large sums of Bitcoin (CCC:BTC-USD) to some users. The platform was running a promotion ...
BlockFi is your one-stop-shop for crypto storage, leveraging, and management. It advertises an 8.6% APY (interest gained per year) just for holding your crypto on their platform, much like a bank does ...
The federal bankruptcy court administering the case of BlockFi has approved the sale of nearly 6,400 mining rigs for $4.7 million to U.S. Farms & Mining Opportunity Fund, according to court documents ...