Tagged: blockfi

SIM Swap Traps BlockFi Too in “Temporary Data Breach”

SIM Swaps, the nefarious act when criminals surreptitiously take over your mobile phone with a different SIM card, hit crypto lending platform BlockFi earlier this month. BlockFi quickly posted an “incident report” outlining the scam: “From approximately 07:17 UTC to 08:43 UTC on May 14,… Read More

Digital Asset Lender BlockFi Hires Former Credit Suisse, American Express Executives

Digital asset lending platform BlockFi is recruiting more old finance veterans with the appointment of Wittney Rachlin as Chief Growth Officer and David Olsson as Global Managing Director of European and Asian markets. Zac Prince, CEO and co-founder of BlockFi, said crypto financial services are maturing… Read More

An Institutional Client of the Company, Three Arrows Capital Invests in BlockFi, Will Aid APAC Expansion

Digital asset lending company BlockFi has received a strategic investment from Three Arrows Capital (TAC) via a secondary transaction, according to the company. Three Arrows Capital is a crypto hedge fund manager that focuses on emerging markets. TAC has reportedly been providing greater risk-adjusted returns… Read More

BlockFi Says They are “Well-Capitalized,” Increases Interest Rates on Accounts

In a blog post today by BlockFi CEO Zac Prince, a digital asset lending platform, he shared that his company is well-capitalized and prepared to ride out the Coronavirus, or COVID-19, crisis. Prince stated: “Our Series B capital raise in January was well-timed and BlockFi remains well-capitalized,… Read More

Digital Asset Lending Firm BlockFi Secures $30 Million in Funding from Arrington XRP Capital, Winklevoss Capital, Morgan Creek Digital

Digital asset lending firm BlockFi has acquired $30 million in funding from several major investors including Arrington XRP Capital, Morgan Creek Digital Assets, and Winklevoss Capital. BlockFi’s Series B investment round was led by US-headquartered VC fund Valar Ventures. Akuna Capital, CMT Digital, Avon Ventures,… Read More

BlockFi Recently Raised $18.3 Million and Now They are Launching a Crypto Exchange

While some well-known digital asset marketplaces are exiting the crypto-exchange sector in the US (too many rules, too little time), cryptoasset-to-USD lender and wealth manager BlockFi is bucking the trend. BlockFi currently provides services to customers worldwide, including 47 U.S. states, with interest-earning accounts and… Read More

Crypto Lender BlockFi Removes Minimums and Fees for Crypto Interest Account

Cryptoasset-to-USD lender BlockFi announced on Friday it has removed minimums and fees for its BlockFi Interest Account (BIA). According to BlockFi, BIA clients will no longer have to meet a minimum deposit amount in their Bitcoin, Ether, or GUSD balances in order to earn interest…. Read More

Crypto Lender BlockFi Secures $18.3 Million Through Series A Funding Round Led By Valar Ventures

Cryptoasset-to-USD lender BlockFi announced on Tuesday it secured $18.3 million through its Series A funding round, which was led by Valar Ventures with participation from Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, Avon Ventures, Susquehanna, CMT Digital, Morgan Creek, and PJC.  As previously reported, BlockFi… Read More

BlockFi’s Interest Account Goes Live; Now Offering 6.2% Compounding Interest to Crypto Holders

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Cryptoasset-to-USD lender BlockFi announced on Monday the launch of its new program, BlockFi Interest Account (BIA). According to BlockFi, BIA allows users to securely store their Bitcoin or Ether on the BlockFi platform and receive 6% annual interest, paid monthly in cryptocurrency. It was revealed:… Read More

Crypto Lender BlockFi Welcomes Coinbase Ventures & Able Partners to List of Investors

Cryptoasset-to-USD lender BlockFi announced on Tuesday it has added Coinbase Ventures and Able Partners to its list of investors. This news comes just a little over a month after BlockFi secured $4 million in convertible debt investments led by Akuna Capital with participation from Susquehanna Government Products, LLLP,… Read More

Crypto Lender BlockFi Secures $4 Million in Convertible Debt Investments Led By Akuna Capital

Cryptoasset-to-USD lender BlockFi announced on Wednesday it secured $4 million in convertible debt investments led by Akuna Capital with participation from Susquehanna Government Products, LLLP, CMT Digital, Recruit Strategic Partners, Galaxy Digital Ventures, Morgan Creek Digital and Devonshire Investors, the private equity group affiliated with FMR LLC, the parent… Read More

BlockFi Moves into California: Now Issuing Cryptoasset-Backed Loans in Nearly 45 States

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On Monday, cryptoasset-to-USD lender BlockFi announced it is now serving customers in the state of California. The company reported that this California launch markets the expansion of its lending footprint to nearly 45 states. Founded in 2017, BlockFi describes itself as a secured non-bank lender that… Read More

Big Raise: BlockFi Crypto to Dollar Lending Platform Gets $52.5 Million in Backing

BlockFi is taking the more routine world of online lending and sprucing it up with a cryptocurrency to US dollar lending platform. Today, the digital asset lender has announced a solid $52.5 million investment to expand its operation further into the crypto realm. BlockFi is sharing… Read More

Why Borrow Against Your Cryptoasset Holdings?

I think we can all agree that, nowadays, cryptocurrencies are never far from the news. From huge surges in value to alleged overnight crashes, Bitcoin billionaires to the rapid rise of Ether, every day seems to bring another story. As someone who works in the… Read More

Crypto News: Rene van Kesteren Joins Team BlockFi from BOA

What began as an advising board position developed into job opportunity for former BOA Merrill Lynch Managing Director of Equity Markets Rene van Kesteren, who joined BlockFi as its new Chief Risk Officer. BlockFi, based in New York City, serves crypto investors by offering USD loans… Read More

Secured Lender BlockFi Secures $1.55M Funding to Build Cryptoasset Ecosystem

BlockFi, a New York-based non-bank lender that offers USD loans to cryptoasset owners, announced a $1.55 million raise from ConsenSys Ventures, Kenetic Capital, PJC, SoFi,  Purple Arch Ventures and Lumenary. The new capital injection will be used to bridge the gap between traditional debt capital markets and… Read More

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