BlackRock, Apollo Among Creditors Lending $500 Million to Core Scientific
BlackRock Inc. and Apollo Global Management Inc. are among a group of creditors that lent around $500 million to bankrupt Bitcoin miner Core Scientific Inc. by purchasing its secured convertible notes, according to a court filing.
BlackRock Adds Bitcoin to Their Global Allocation Fund
One of the world’s biggest asset manager has added bitcoin to one of the most preferred fund for ordinary and passive investors.
BlackRock Gives Bankrupt Bitcoin Miner Core Scientific a New $17M Loan
Investment giant BlackRock (BLK) has committed $17 million to bankrupt bitcoin miner Core Scientific (CORZ), which is part of a new $75 million loan from the miner's secured convertible note holders, according to a U.S. Securities and Exchange Commission filing that was filed on Dec. 29.
BlackRock Among Bankrupt Miner Core Scientific’s Creditors
Investment firm BlackRock is among the largest creditors of bitcoin miner Core Scientific, which filed for Chapter 11 bankruptcy last week.
BlackRock Seeks to Capitalise on Metaverse Through New ETF
BlackRock has announced the launch of its new exchange-traded fund (ETF) as it seeks to capitalise on the success of the metaverse.
USDC Could Get Access to Fed’s RRP via BlackRock Partnership
USDC stablecoin could get indirect access to the Federal Reserve’s risk-free liability, as its partner BlackRock is set to apply for the Fed’s reserve repo (RRP) program.
World’s Largest Asset Manager BlackRock Chief Executive Says More Crypto Firms Will Fall Following FTX Collapse
Larry Fink, the CEO of BlackRock. Source: A video screenshot, Youtube/CNBC
BlackRock CEO: FTX Token Caused Downfall, but Tech Still Revolutionary
The CEO of the worlds largest asset management firm, BlackRock, believes that the reason why FTX failed is because it created its own FTX Token (FTT), which was centralized and therefore at odds with the “whole foundation of what crypto is.”
BlackRock Chief Executive Fink Said Firm Invested $24 Million in FTX
BlackRock Chief Executive Larry Fink said that the firm invested $24 million in FTX through a fund of funds it manages, according to <a href="https://www.reuters.com/technology/blackrocks-fink-says-there-may-have-been-misbehaviors-ftx-2022-11-30/">Reuters</a>.
Just In: Blackrock CEO Larry Fink Says FTX Failed Due To FTT Token
Asset manager Blackrock is one of the big names associated with investments in bankrupt crypto exchange <a href="https://coingape.com/tag/ftx/">FTX</a>. In a latest, Larry Fink, the chairman and CEO of BlackRock, made some interesting comments on the Sam Bankman-Fried crypto empire collapse. He said Blackrock had a $24 million investment in FTX, which filed for bankruptcy earlier in November. The crypto exchange faced a significant liquidity crunch linked to alleged diversion of user funds to other companies owned by <a href="https://coingape.com/tag/sam-bankman-fried/">Sam Bankman-Fried</a>.
