Tagged: zac prince

Report: Former Wall Street Traders Warn of Crypto Lending Bubble

The availability of cheap, cryptocurrency-collateralized loans is growing unsustainably and could induce a crisis, two former Wall Street traders now working in crypto lending have told Bloomberg. According to the outlet, the crypto-collateralized loan industry is a relatively new one that mostly emerged in the… 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

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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