BlockFi founder and former CEO leaves cryptocurrency industry to join real estate tech startup

Bitget App

Trade smarter

Cointime2024/03/12 00:13

By:Cointime

CoinDesk reported that bankrupt cryptocurrency lending company BlockFi has reached an $874.5 million settlement agreement with the assets of FTX and Alameda Research, which may result in full compensation for users of the bankrupt cryptocurrency lending company. BlockFi founder and former CEO Zac Prince has decided to leave the company and the cryptocurrency industry to join a real estate technology startup called Re Cost Seg.

During an interview, Prince said, "After I left BlockFi, I considered starting another cryptocurrency company. I am passionate about this field and believe in it just as much as I did when I founded BlockFi." He continued, "However, my wife opposed this idea because of the craziness and volatility of the cryptocurrency industry. She suggested that I pursue some less risky work."

Therefore, Prince ultimately chose to join Re Cost Seg, an opportunity he learned about through X. Re Cost Seg provides cost segregation studies for real estate investors, allowing them to accelerate property depreciation and save money on taxes.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Bitcoin reached a record high of over $93,000 on Nov. 13, driven by surging demand from U.S. investors. This price increase began as U.S. markets opened, suggesting that American buyers played a major role. Notably, Bitcoin’s Coinbase Premium Index, which measures U.S. buying pressure, hit its high

Bitget Academy•2024/11/14 04:47

Pepe’s market cap briefly tops $10 billion on back of 77% price surge

The price of the frog-faced memecoin surged 77% in the past 24 hours to trade at $0.000024.Major exchanges, including Coinbase, Robinhood and Upbit, have recently listed Pepe trading pairs.

The Block•2024/11/14 04:00