Blockfi

Michael Saylor Pushes Bitcoin-Backed Loans, Proposes New Financial Path for BTC Holders

cryptosheadlines4 hours ago06 mins

September 24, 2024 at 02:45 PM GST updated: September 24, 2024 at 12:56 PM 2 mins read News Michael Saylor proposes Bitcoin-backed loans, allowing BTC holders to borrow USD without selling their assets. Saylor suggests major banks like JPMorgan and Bank of America could offer Bitcoin-backed loans for liquidity and yield. Economist Saifedean Ammous warns…

Blockfi Receives $250M USDC Deposit, Sparking Hopes for Creditor Repayments

cryptosheadlines21 hours ago01 mins

Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday. “Blockfi received $250M in USDC from Coinbase Prime, bringing their onchain holdings up to…

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Blockfi Receives $250M USDC Deposit, Sparking Hopes for Creditor Repayments