The worldwide cryptocurrency market capitalization Tuesday is at $921 billion, up from $892 billion on Friday afternoon.
Following an announcement that it would cut staff by 20%, BlockFi said this morning that it signed a term agreement with crypto lender and platform FTX to secure a $250-million revolving credit facility.
This agreement will provide capital that “further bolsters” BlockFi’s balance sheet and platform strength, according to BlockFi CEO Zac Prince.
After Terraform Labs’ cryptocurrency failed, leaving investors with …
Full story available on Benzinga.com