Tagged: blockfi

FTX May Purchase Equity in BlockFi: Report

FTX, a fast-growing crypto exchange operated by Sam Bankman-Fried, may purchase an equity stake in BlockFi, one of the most successful digital asset companies in the US. BlockFi offers both trading in crypto as well as complementary services such as a wallet, credit cards, crypto… Read More

BlockFi Receives $250 Million Credit Facility from FTX

FTX, a leading global crypto exchange, has provided BlockFi with a $250 million revolving credit line to backstop the firm during a broad decline in crypto markets. In a series of tweets, BlockFi founder and CEO Zac Prince revealed the funding that will stabilize the… Read More

BlockFi to Let Go 20% of Staff as Dim Economy Hits Well Funded Digital Asset Platform

BlockFi, a leading digital asset firm providing various services to both retail and institutional customers, has announced that it will cut 20% of its workforce due to the challenging economic environment. The company is now refocusing its energy on profitability as opposed to just rapid… Read More

Fear Spreads: BlockFi Says They Are Operating Normally, Nexo Looks to Acquire Some Celsius Assets

BlockFi, another large crypto lending and yield platform, has issued a statement that all things are operating normally on their platform – a clear reference to the temporary halt of withdrawals on Celsius. BlockFi CEO and founder Zac Prince stated: All products and services BlockFi… Read More

KYC, Identity Controls Might Reshape DeFi by Allowing Regulated Entitites to Participate: Report

The team at Alloy, which specializes in identity verification APIs that make KYC/AML “effective and simple,” has looked into how DeFi has evolved into a “major” sector of crypto without running KYC or AML checks on users. The Alloy team members have looked at “Permissioned… Read More

BlockFi to Pay Each State $944K to Settle Claims of Sales of Unregistered Securities: Ohio Securities Commissioner – Hopefully Other Unregistered Fintech Firms Take Notice

BlockFi will pay each US state $943,396.22 as part of a settlement alleging the offer and sales of unregistered securities. This is according to a note from the Ohio Division of Securities, that posted a consent order this week regarding the matter. In February, it… Read More

Women Increasingly Crypto Savvy: BlockFi 2.0 Survey

BlockFi, a crypto-financial services company, this week released its third edition of the Real Talk survey, a quarterly series focused on understanding changing consumer sentiment towards crypto, investing and other related topics. Real Talk: Women x Crypto 2.0 asked female Americans about their current motivations,… Read More

Bitfarms, a Bitcoin Self-Mining Company, Enters Into $32M Equipment Financing Deal

Bitfarms (NASDAQ: BITF, TSXV: BITF), a global Bitcoin self-mining company, has entered into a $32 million equipment financing agreement, the company announced this week. “This equipment financing agreement provides another source of non-dilutive capital, enabling us to finance equipment from our established mining operations so… Read More

Cardano, Solana, Polkadot, Avalanche, Cosmos, Filecoin Now Supported by BlockFi for Non US Clients

The team at digital asset firm BlockFi has added six new crypto-assets for their non-US clients via BlockFi International. They include Cardano (ADA), Solana (SOL), Polkadot (DOT), Avalanche (AVAX), Cosmos (ATOM), and Filecoin (FIL). The new assets will be available to buy, sell, and trade… Read More

Binance US Division Reportedly Under Investigation, SEC’s Gensler Comments on Latest Crypto-related Enforcement Actions

The US Securities and Exchange Commission (SEC) is reportedly looking into the relationship between the US division of Binance, the world’s largest digital asset exchange, and two trading companies with alleged ties to Binance founder Changpeng Zhao or “CZ”, according to sources familiar with the… Read More

Commissioner Hester Peirce Dissents from SEC’s Punishment of BlockFi: Not the Best Way to Protect Crypto Lenders

Commissioner Hester Peirce has once again come to the defense of a Fintech innovator pertaining to the settlement announced today in regards to BlockFi –  a large crypto platform. As was reported earlier, BlockFi must pay $100 million in penalties to both the SEC and… Read More

BlockFi Settles with the SEC, Pays $100 Million in Penalties

BlockFi, a top crypto platform that provides crypto lending services, has settled with the Securities and Exchange Commission following an investigation into the company’s activities. The settlement was leaked last week and BlockFi will be paying a total $100 million penalties. There were no allegations… Read More

BlockFi Is Reportedly Getting Ready to Pay $100M to Settle SEC Allegations Concerning Crypto Lending

BlockFi Inc. is reportedly getting ready to pay $100 million in order to settle allegations from the US Securities and Exchange Commission (SEC) and State regulators that it had been illegally offering a product that pays clients really high interest rates to lend out their… Read More

BlockFi Appoints Alex Grigoryan as CTO, Deborah Barta as Chief Operating Officer

BlockFi, a crypto financial services firm, recently announced that Alexander Grigoryan has joined the company as the new Chief Technology Officer (CTO) and will be responsible for overseeing “all global product development and technology strategy moving forward.” Zac Prince, CEO and Founder of BlockFi, stated:… Read More

BlockFi Founders Committed to Working Towards Regulatory Clarity in 2022, Plan to Add More Digital Assets for Trading

Zac Prince (Founder and CEO at BlockFi) and Flori Marquez (Co-founder and SVP of Operations at BlockFi), noted that  2021 was “not the year anyone predicted.” Prince and Marquez wrote in a blog post published by BlockFi: “Across the globe, we experienced challenges and joys… Read More

Deserve Welcomes Visa Investment to Drive Mobile-Centric Credit Card Adoption

Deserve, a Fintech company transforming credit cards into mobile-centric software, has received a strategic investment from Visa to expand access to Deserve’s credit-card-as-a-service for financial institutions, Fintechs and brands. Visa joins Mission Holdings, Mastercard, Ally Ventures, Goldman Sachs Asset Management and Sallie Mae in supporting… Read More

BlockFi Page Explains Regulatory Stance on Interest Bearing Crypto Accounts

This week the New York Attorney General announced that it has demanded two crypto firms halt their lending programs. Additionally, the AG said it had commenced an investigation into three other firms. All of this was predicated on the statement that interest generated from crypto… Read More

BlockFi to Offer the World’s First Bitcoin Rewards Credit Card, Now Available to All Eligible US Residents

The team at BlockFi, a company that allows users to earn interest and offers services including purchasing Bitcoin (BTC), borrowing USD, while growing their wealth. notes that they’re pleased to confirm that the “world’s first” Bitcoin rewards credit card is now available to all “eligible… Read More

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

Send this to a friend