Tagged: zac prince

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

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

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

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

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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