Cryptocurrency-based financial services company BlockFi, which has filed for bankruptcy before US authorities, has been cleared by the bankruptcy court to sell its crypto mining equipment and other physical assets in order to raise around $5 million dollars.
The assets will be sold at an auction in…
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BlockFi
BlockFi starts selling mining assets
BlockFi, the bankrupt cryptocurrency lender, has begun receiving offers for its mining business assets and expects more before its February 20 deadline.
According to BlockFi's lawyer, Francis Petrie, the company wants to get offers as soon…
BlockFi demands guarantees from FTX
Crypto asset lender BlockFi, which has filed for bankruptcy, has filed a lawsuit against Emergent Fidelity Technologies, the investment vehicle of Sam Bankman-Fried, the founder and former CEO of platform FTX, which also filed for…
New Jersey Bureau of Securities orders BlockFi not to accept new clients
The New Jersey Bureau of Securities ordered cryptocurrency trading and lending platform BlockFi to stop accepting new BlockFi Interest Accounts (BIA). This was confirmed by the executive director of BlockFi, Zac Prince, through his account…
DeFi protocol strengthens security against cyber attacks
The DeFi Nexus Mutual hedging protocol will be the proposal promoted by the project, which has included a list of eligible centralized exchanges who will be shielded against any event that disrupts the security of the platforms.
The…