Crypto Currency Tracker - Crypto Prices - Live Prices & Charts | XCryptoTrack logo Crypto Currency Tracker - Crypto Prices - Live Prices & Charts | XCryptoTrack logo
Seeking Alpha 2022-06-30 17:59:00

FTX nears deal to buy crypto lender BlockFi for pennies on the dollar - CNBC

Sam Bankman-Fried's cryptocurrency exchange, FTX, is poised to buy crypto lender BlockFi for roughly $25M, or 99% less than its last private valuation, CNBC reported Thursday, citing people familiar with the situation. BlockFi was last valued at $4.8B, CNBC said, according to PitchBook data.The term sheet is close to completed and could be signed by the end of the week, one of the people said. Still, an acquisition cold take months to close and the price could change by the time a deal is reached, the person said. Another person told CNBC that BlockFi is considering multiple offers.With cryptocurrencies sliding in the past seven months, and bitcoin (BTC-USD) dropping 72% from its peak of ~$68.8K in November, several crypto-focused firms are struggling to survive. Crypto lender Celsius has reportedly hired advisers to assist with a potential bankruptcy filing.Last week, the Wall Street Journal reported that FTX was in talks to invest in BlockFi, days after the crypto lender obtained a $250M revolving line of credit from FTX.Earlier, bitcoin (BTC-USD) may bottom in July as weekly, monthly charts signal possible trend reversal

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

alsancak escort

izmir escort

escort

bornova escort

Mass Ping

instagram izlenme satın al

tiktok takipçi satın al

istanbul escort

istanbul escort

istanbul escort

istanbul escort

istanbul escort

instagram takipçi satın al

trendyol türk takipçi satın al

Adana Escort Adıyaman Escort Afyonkarahisar Escort Ağrı Escort Aksaray Escort Amasya Escort Ankara Escort Antalya Escort Ardahan Escort Artvin Escort Aydın Escort Balıkesir Escort Bartın Escort Batman Escort Bayburt Escort Bilecik Escort Bingöl Escort Bitlis Escort Bolu Escort Burdur Escort Bursa Escort Çanakkale Escort Çankırı Escort Çorum Escort Denizli Escort Diyarbakır Escort Düzce Escort Edirne Escort Elazığ Escort Erzincan Escort Erzurum Escort Eskişehir Escort Gaziantep Escort Giresun Escort Gümüşhane Escort Hakkari Escort Hatay Escort Iğdır Escort Isparta Escort İstanbul Escort İzmir Escort Kahramanmaraş Escort Karabük Escort Karaman Escort Kars Escort Kastamonu Escort Kayseri Escort Kırıkkale Escort Kırklareli Escort Kırşehir Escort Kilis Escort Kocaeli Escort Konya Escort Kütahya Escort Malatya Escort Manisa Escort Mardin Escort Mersin Escort Muğla Escort Muş Escort Nevşehir Escort Niğde Escort Ordu Escort Osmaniye Escort Rize Escort Sakarya Escort Samsun Escort Siirt Escort Sinop Escort Sivas Escort Şanlıurfa Escort Şırnak Escort Tekirdağ Escort Tokat Escort Trabzon Escort Tunceli Escort Uşak Escort Van Escort Yalova Escort Yozgat Escort Zonguldak Escort