Crypto-friendly bank Silvergate has been forced to return $9.85 million to BlockFi as part of the crypto lender’s ongoing bankruptcy proceedings.

source: cryptonews

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❗️Bankrupt crypto lender BlockFi Inc. plans to sell about $160 million of loans backed by around 68,000 Bitcoin mining machines. Some of the loans have already defaulted and appear to be undercollateralized given the current prices of rigs. Bloomberg#ETH #Binance #blockfi

A former executive at troubled crypto lender BlockFi has taken a role at Alphabet Inc.’s Google to work on Web3. #Binance #BNB #google #blockfi #cryptoonindia

Use Case Of #Blockchain

Blockchain technology has a wide range of use cases,including:
1.#Charity
2.Supply chain
3.Healthcare
4.Royalty payments
5.Governance
6.Payment solutions and #Dapps
7.Internet of Things (IoT)
8.Closing thoughts

#Web3 #blockfi

- Silvergate to return $9.85M deposit to BlockFi.

#blockfi #BTC #binancefeed