Bitcoin24h $87,154.20+3.31%

Ethereum24h $1,627.11+3.18%

XRP24h $2.12+3.16%

BNB24h $601.83+1.68%

Solana24h $138.67+1.05%

Dogecoin24h $0.1616+4.79%

TRON24h $0.2426-0.99%

Cardano24h $0.6429+4.26%

Chainlink24h $13.43+3.26%

Avalanche24h $20.59+6.15%

BlockFi’s Zac Prince has returned to work in crypto

Mike Novogratz’s crypto conglomerate Galaxy Digital has hired ex-BlockFi founder Zac Prince as a managing director.

FTX and BlockFi bankruptcies spook Visa and Mastercard

The downfalls of major firms like FTX and BlockFi have led Visa and Mastercard to postpone a number of crypto-related products and services.

Financials published by mistake showed that BlockFi has over $1.2B tied to FTX and Alameda — way more than the $1.02B previously claimed.

Alongside the $275 million from FTX, BlockFi is also owed $54 million from bitcoin miner Core Scientific — but it hasn’t called in that debt.

Core holds 24 bitcoin and $26.6M in cash but has more than $1B in outstanding liabilities, including an $80M loan from BlockFi.