From One to Zero: BlockFi’s Fire Sale Shows the Uber Startup Model Is Disastrous for Finance

By cineramaJuly 1, 2022DeFi

Subsidizing shadow-banking yields turns out to be a really, really bad idea. (Getty Images/wakila) Conflicting reports Friday suggest that crypto-lender (read: unlicensed bank ) BlockFi is on the verge […]

Click here to view full article

Disclaimer

The statements, opinions and data contained on this site are solely those of the individual authors and contributors and not of the publisher of www.bitcoinisle.com. All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured primarily from third party sources. We make no warranties of any kind in relation to our content and services, including but not limited to accuracy, security and updatedness. No part of the content and services that we provide constitutes financial advice, legal advice or any other form of advice. Any use or reliance on our content and services is solely at your own risk and discretion. You should conduct your own research, review, analyze and verify our content and services before relying on or using them. Participating in cryptocurrency activities is a highly risky endeavor, please therefore consult your financial advisor before making any monetary decisions. No content on our Site is meant to be a solicitation or offer.

From One to Zero: BlockFi’s Fire Sale Shows the Uber Startup Model Is Disastrous for Finance

Tags:

Breaking News…

Previous PostBrutal Month for Bitcoin as June Ends With Biggest Drop in 11 Years

Next PostBitcoin termina un junio fatídico con su caída más grande de los últimos 11 años

Disclaimer