{"id":12997,"date":"2022-06-27T18:08:32","date_gmt":"2022-06-27T18:08:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ftx-eyes-new-acquisition-troubled-crypto-lender-blockfi\/"},"modified":"2022-06-27T18:08:32","modified_gmt":"2022-06-27T18:08:32","slug":"ftx-eyes-new-acquisition-troubled-crypto-lender-blockfi","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ftx-eyes-new-acquisition-troubled-crypto-lender-blockfi\/","title":{"rendered":"FTX Eyes New Acquisition, Troubled Crypto Lender BlockFi"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>After marking BlockFi as a new target by extending a $250 million emergency line of credit to the firm last week, crypto firm <a href=\"https:\/\/igaming.org\/cryptocurrencies\/ftx\/\">FTX<\/a> looks to finalize a stake in the troubled crypto lender.<\/p>\n<p>According to the Wall Street Journal, talks are ongoing and final terms still being worked out.<\/p>\n<p>A BlockFi representative commented on the developments:<\/p>\n<blockquote>\n<p>\u201cBlockFi does not comment on market rumors. We are still negotiating the terms of the deal and cannot share more information at this time. We anticipate sharing more on the terms of the deal with the public at a later date.\u201d<\/p>\n<\/blockquote>\n<p>FTX, the <a href=\"https:\/\/igaming.org\/crypto\/ftxs-bankman-fried-talks-about-his-political-backings\/\">Sam Bankman-Fried<\/a> led exchange, is showing its muscles amidst the bear market. \u00a0Last week, Alameda Research, a <a href=\"https:\/\/www.investopedia.com\/articles\/active-trading\/111214\/quants-what-they-do-and-how-theyve-evolved.asp\">quant<\/a>\u00a0trading shop backed by Bankman-Fried,\u00a0issued a line of credit to troubled crypto broker Voyager Digital (VOYG) for $200 million in cash\/USDC and 15,000 <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a>.<\/p>\n<p>Not everyone believes these \u2018bailouts\u2019 are the right thing to do though. Following Bankman-Fried\u2019s actions, SEC commissioner Hester Peirce, best known in the crypto community as\u00a0<strong>\u2018Crypto Mom\u2019<\/strong>, <a href=\"https:\/\/igaming.org\/crypto\/secs-hester-crypto-mom-peirce-speaks-out-against-crypto-bailouts\/\">said<\/a> it would lead to a more sustainable industry when\u00a0<strong>\u201cthese things play out\u201d<\/strong>.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/ftx-eyes-new-acquisition-troubled-crypto-lender-blockfi\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) After marking BlockFi as a new target by extending a $250 million emergency line of credit to the firm last week, crypto firm FTX looks to finalize a stake in the troubled crypto lender. According to the Wall Street Journal, talks are ongoing and final terms [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12997"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12997"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12998"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}