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The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.

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BlockFi Stops Accepting GBTC as Collateral

BlockFi now stops accepting shares in the Grayscale Bitcoin Trust (GBTC) as collateral for loans, showing the impact of liquidation from Three Arrows Capital across the crypto space.

by Nicholas Otieno
Jul 13, 2022

CRYPTOCURRENCY

BlockFi Stops Accepting GBTC as Collateral

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