Tagged: blockfi

Texas State Securities Board Guns for BlockFi and Interest Bearing Accounts

The Texas State Securities Board is gunning for BlockFi – a leading crypto platform that raised $350 million earlier this year. According to the complaint, the SSB has scheduled a hearing with BlockFi this October to determine if a cease and desist will become effective…. Read More

BlockFi News: No Annual Fee & Updated Benefits for the BlockFi Rewards Visa Signature Credit Card

  Cryptoasset-to-USD lender BlockFi announced on Wednesday it has updated benefits and changes to the BlockFi Rewards Visa® Signature Credit Card, which pays cardholders 1.5% back in Bitcoin on every purchase they make anywhere Visa is accepted. BlockFi revealed it decided to eliminate the annual fee… Read More

Oops. Fat Finger Error Causes BlockFi to Send 700 Bitcoin to Clients Instead of GUSD. One Customer Became a Millionaire for 3 Hours

BlockFi, a top digital asset firm, made a significant distribution error yesterday when it transferred 700 Bitcoin to clients instead of sending GUSD (Gemini Dollar). In a series of Tweets, BlockFi outlined the mistake sharing that much of the crypto had been returned and they… Read More

BlockFi Drops Interest Rates Paid on Certain Digital Assets, Starting May 1

BlockFi, a fast-growing digital asset platform, has notified users that interest rates paid to lenders will decline beginning May 1, 2021. In a tweet, BlockFi stated: rates and tiers for Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK), Litecoin (LTC), and PAX Gold (PAXG) are changing.  … Read More

BlockFi Files Two More Reg D Offerings for Litecoin and Ethereum Trusts

In January, BlockFi filed a Form D 506c for BlockFi Bitcoin Trust. Beyond a move to raise capital, the securities filing disclosed little as the first sale had yet to occur. Today, two more Form Ds have appeared on the Securities and Exchange Commission’s document… Read More

BlockFi Raises $350 Million Series D Led by Bain Capital Ventures, partners of DST Global, Pomp Investments and Tiger Global

BlockFi, a digital asset platform that is on a mission to bridge old finance and crypto, has raised a huge $350 million Series D funding round. The new money was led by big-name investors including Bain Capital Ventures, partners of DST Global, Pomp Investments and… Read More

Digital Assets Firm BlockFi Launches Private Client Services Offering for UHNWIs and Sophisticated Investors in APAC Region

BlockFi Inc., a financial services firm that’s focused on creating a bridge between digital currencies and traditional financial and wealth management products, has revealed that it has launched a Private Client Services offering for investors in the APAC region. BlockFi confirms that the new initiative… Read More

With Only 2 Weeks In, BlockFi Bitcoin Trust Just Slightly Under $100M, as Second BTC ETF Goes Live on Toronto Stock Exchange

Zac Prince, CEO and Co-founder at BlockFi, a fast-growing digital assets platform, notes that with just two weeks in, the company’s Bitcoin trust is just ”a pinch” under the $100 million mark (in total BTC holdings). 2 weeks in, BlockFi’s Bitcoin trust is just a… Read More

Cryptoasset-to-USD Lender BlockFi Announces Inaugural Block Trade for Ethereum Futures on CME

Cryptoasset-to-USD lender BlockFi recently announced with CMT Digital that the companies have been cleared for what it claims to be the first-ever block trade for Ethereum futures on the CME, facilitated by ED&F Man Capital Markets Inc. According to BlockFi, CME also offers Bitcoin futures, which… Read More

$1 Million in Interest Payments were Reportedly Paid by Digital Assets Firm BlockFi to Jason Williams on his Crypto Deposits

BlockFi, a financial services firm offering wealth management products that crypto investors require via a platform powered by blockchain technology, had recently launched an over-the-counter or OTC desk for institutional or ultra-high-net-worth-individuals (those who have at least $30 million in assets). Jason Williams, a long-time… Read More

Grayscale Investments Files for EOS, Cardano, Chainlink Trusts, May See New Competition from BlockFi

Grayscale Investments, a subsidiary of Barry Silbert’s VC company, the Digital Currency Group, has added six new trusts, which includes those associated or linked to Polkadot (DOT) and Aave (AAVE) digital tokens. The other new trusts added by Grayscale include Monero (XMR), Cardano (ADA), Cosmos… Read More

BlockFi to Offer Visa Credit Card with Bitcoin Rewards

Digital asset platform BlockFi will soon offer a credit card with Bitcoin rewards and 1.5% cypto-back in Bitcoin, according to a tweet by the firm. The credit card will be issued in partnership with Visa, Evolve Bank.   It’s here. Log in to your BlockFi… Read More

Elevated Returns, Affiliate of Aspen Digital, Partners with BlockFi on Tokenized Asset Lending

Digital asset firm BlockFi has announced an agreement with asset management and tokenization firm Elevated Returns to provide lending facilities against digital assets issued within the Elevated Returns group of companies. Elevated Returns is the manager of Aspen Digital – a corporation that has been… Read More

Digital Assets: BlockFi Hires New CFO Tony Lauro

Digital asset platform BlockFi continues to boost its executive branch following a significant funding round where the company raised $50 million. According to a release, BlockFi has hired Tony Lauro as its new Chief Financial Officer (CFO). Lauro was most recently at Intermex where he… Read More

Digital Asset Firm BlockFi Closes on $50 Million Series C Funding Led by Morgan Creek

Fast-growing digital asset platform BlockFi has closed on a $50 million Series C funding round led by Morgan Creek Digital, according to a note from the firm. BlockFi reports that this most recent funding round comes after a 10-fold increase in revenue in the last… Read More

BlockFi Hires New GC, Previously at Renaissance Tech, Deutsche Bank

Digital asset financial service firm BlockFi has appointed a new General Counsel, according to a company release. BlockFi has hired Jonathan Mayers as BlockFi GC. Mayers was previously at  Renaissance Technologies. BlockFi notes that it continues to build an executive branch staffed by legacy financial… Read More

BlockFi Launches Mobile App, Currently Users May Earn 8.6% Interest APY via the App

Last week, Crowdfund Insider wrote about Jason Williams, General Partner at Morgan Creek Digital and founder of FastMed Urgent Care, and his experience earning over $200,000 in interest on BlockFi while parking his money ($2.5M). This week, BlockFi is announcing a new mobile app so users can… Read More

BlockFi Buttresses Asia Presence with New Hire of Former B of A Merrill Lynch Executive

  BlockFi, a digital asset financial services firm, has boosted its Asia presence with the new hire of Rishi Ramchandani as Director of Business Development, Asia. According to BlockFi, Ramchandani most recently led global and Asia equities teams for Bank of America Merrill Lynch. As crypto… Read More

Alex Mashinsky’s Celsius Network Secures $10 Million Equity Investment from Tether Ltd

Tether Ltd, the company behind the world’s largest stablecoin USDT, has reportedly made a $10 million equity investment into the operations of the Celsius Network, a leading digital asset lending platform, which now has a $120 million pre-money valuation and $150 million post-money valuation. Celsius… Read More

Morgan Creek Digital’s Jason Williams Earned Over $200,000 in Interest after Depositing $2.5 Million in Gemini USD with BlockFi

Jason “Parabolic” Williams, general partner at Morgan Creek Digital and founder of FastMed Urgent Care, recently revealed that he has made over $200,000 in interest alone after depositing $2.5 million in Gemini USD (a “scalable” stablecoin that has 1:1 “transferability” with the US dollar) on… Read More

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