.FTX_Official has agreed to acquire BlockFi
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Cryptocurrency giant FTX US has agreed to acquire embattled lender BlockFi for up to $240 million, according to Axios.Yet, it is worth mentioning that the $240 million deal is at the high end of the price range, which means that the final price of the acquisition could decline significantly. In a Twitter thread, CEO Zac Prince says that crypto market volatility led to the deal with FTX US. Its price will depend on"performance triggers.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX seeks to acquire troubled crypto lender BlockFi: sourcesCrypto exchange operator FTX is planning to acquire troubled crypto lender BlockFi outright, The Block has learned.
Read more »
BlockFi Approached With Ledn-Led Funding Offer Amid FTX Acquisition Talks: Report.BlockFi has been approached by a party that includes fellow crypto lender hodlwithLedn in addition to its buyout offer of $25 million from FTXOfficial. JamieCrawleyCD reports.
Read more »
FTX Is Buying Fallen Unicorn BlockFi for Mere Pennies: ReportFTX is reportedly buying troubled crypto lender BlockFi at a dirt-cheap price
Read more »
FTX walked away from a deal with Celsius after seeing state of its financesFTX looked at making a deal with troubled crypto lender Celsius but ultimately walked away from it, sources tell The Block.
Read more »
FTX Rows Back on Reports That It's Looking to Buy Robinhood | CoinMarketCapSam Bankman-Fried has dialed down speculation that FTX is looking to acquire Robinhood. But a statement from Sam says: 'We are excited about Robinhood's business prospects and potential ways we could partner with them.' 👀
Read more »
FTX seeks to acquire troubled crypto lender BlockFi: sourcesCrypto exchange operator FTX is planning to acquire troubled crypto lender BlockFi outright, The Block has learned.
Read more »