BlockFi’s CEO Zac Prince on July 1 announced a $400 million credit facility from FTX and the option to purchase the company in its entirety for up to $240 million depending on performance. The post FTX gives BlockFi $400M credit facility; has buy option for up to $240 million appeared first on CryptoSlate.

CryptoSlate spoke to the founder of Amulet Protocol, Rupert Barksfield, about launching the first DeFi Insurance platform on Solana. The post DeFi insurance is coming to Solana to protect users against exploits appeared first on CryptoSlate.

CryptoSlate spoke to Simon Jones, CEO of Voltz, an interest rate swap DeFi protocol that aims to create “capital-efficient” within DeFi. The post How Celsius, 3AC misjudged risk and is DeFi’s future in interest rate swaps? appeared first on CryptoSlate.

FTX has walked away from a deal to acquire Celsius after reviewing its balance sheet and finding a “$2 billion hole,” according to a June 30 report by The Block. The post FTX discarded Celsius deal after reportedly finding $2B missing from its balance sheet appeared first on CryptoSlate.

Celsius finally broke its silence with a June 30 blog post stating that it is “working as quickly as we can to stabilize liquidity and operations.” Behind the scenes, it claims that actions are being made to “take important steps to preserve and protect assets and explore options available to us.” In new information, Celsius The post Celsius breaks silence as it attempts to ‘stabilize liabilities,’ ‘protect assets’ appeared first on CryptoSlate.