Crypto Gator | The Best Cryptocurrency, Blockchain and Forex News Aggregator
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The post BlockFi’s Troubles Mount: $160Mn In Crypto Loans To Be Liquidated appeared first on Coinpedia Fintech News Troubled crypto firm BlockFi plans to liquidate approximately $160 million in loans […]
The post BlockFi’s Troubles Mount: $160Mn In Crypto Loans To Be Liquidated appeared first on Coinpedia Fintech News
Troubled crypto firm BlockFi plans to liquidate approximately $160 million in loans backed by approximately 68,000 Bitcoin mining machines, according to a report by Bloomberg. The move aligns with on-chain data that indicates crypto miners are selling both freshly minted Bitcoins and old coins to offset negative balance sheets. According to two individuals familiar with …
