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Blockfi Ordered to Stop Offering Interest-Bearing Crypto Accounts in New Jersey
20.7.2021
On July 19, the CEO of the crypto financial services firm Blockfi, Zac Prince, told the public that the New Jersey Bureau of Securities has told the company to “stop accepting new BIA clients residing in New Jersey beginning July 22, 2021.” New Jersey’s acting attorney general...
Bitcoin Slides Under $30K, Stablecoins Eclipse Trade Volumes, Crypto Interest Depletes
20.7.2021
The price of bitcoin has slid under the $30K zone on Tuesday, dipping to $29,300 per unit during the early morning trading sessions (EDT). The global cryptocurrency market capitalization of all the crypto coins in existence is $1.19 trillion as it decreased by more than 6% in the last day....
BlockFi Runs into ‘Security’-related Regulatory Problems in New Jersey
20.7.2021
Source: Adobe/Александр Бердюгин
Regulators appear set to continue ramping up their scrutiny of the crypto industry – with BlockFi, the major American crypto lending business, served with a cease and desist order by the Attorney General (AG) of New Jersey.
The AG is reportedly set to accuse BlockFi...
BlockFI ordered to stop onboarding New Jersey-based customers
20.7.2021
BlockFi CEO Zack Prince rejects the New Jersey securities regulator’s claim that his firm has been offering unlicensed securities to the public
BlockFi: New Coins, BlockFi Interest Account Changes & More
10.7.2021
Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build...
BlockFi starts shipping Visa-backed Bitcoin rewards credit cards
7.7.2021
Cardholders will earn a percentage back in Bitcoin instead of airline miles or other cashback rewards
BlockFi: No Annual Fee on Card + New Deposit Bonus
19.6.2021
Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build...
Regulator interest is good for the crypto ecosystem, says BlockFi CEO
11.6.2021
Regulatory clarity enables crypto companies to continue to innovate, Zac Prince says
Reports suggest BlockFi seeks to raise millions at a valuation of $5B
8.6.2021
Financiers from New York and London are said to be leading the private investment round, according to reports
Crypto Savings Platform Ledn Raises $30 Million in Latest Funding Round
28.5.2021
Ledn, a cryptocurrency lending and savings platform based in Canada, has managed to raise $30 million in its latest funding round. The money raised will be used to expand its offer of lending products, and to expand its reach in more countries. Ledn could take advantage of the recent problems that...
Blockfi Messes up Promo Payments: Transfers up to 700 Bitcoin Mistakenly
20.5.2021
Blockfi, a cryptocurrency lending platform, wrongly distributed a set of payments to a group of customers, who found deposits of up to 700 BTC in their accounts. While most weren’t able to withdraw these funds, in the confusion, other customers that applied for withdrawals are now being...
BlockFi mistakenly credits users with too much Bitcoin in promo payout
19.5.2021
Just under 100 BlockFi users are reported to be affected, with some allegedly receiving as many as 700 Bitcoin due to a mishandled promotional offer
Apparent BlockFi Fat Finger Gaffe Sees Users ‘Credited BTC 701’
19.5.2021
Zac Prince, CEO and Co-founder of BlockFi. Source: a video screenshot, Youtube, Bitcoin Archives
Customers of the crypto lending service BlockFi got considerably more than they bargained for when what appears to have been a clerical error ended up in massive promotional campaign reward bitcoin...
Diem Launch, Deutsche CELO, Binance.US CEO, BlockFi's Crypto Dad + More News
20.4.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Stablecoin news
The Facebook-backed Diem Association (formerly Libra) is aiming to launch a pilot with a single stablecoin pegged to the USD...
Blockchain and Crypto Startups Raise $2.6 Billion in Q1 of 2021— Figure Surpasses 2020 Total by $300 Million
6.4.2021
According to data analysis firm, CB Insights, about $2.6 billion was raised by some 129 blockchain-focused start-ups during the first quarter of 2021. This figure easily surpasses the $2.3 billion raised from a total of 341 deals that were seen in the whole of 2020. Large Capital Raising Rounds...
Tokenized real estate inches forward despite legal, technical hurdles
26.3.2021
A rowdy virtual panel showcased the hurdles and promise of real estate on chain
Dropping GBTC Premium: Anonymous Group Claims Blockfi Facing Solvency Issues Due to Exposure to the BTC Trust
12.3.2021
An anonymous group has claimed that Blockfi, which has an estimated $1.8 billion in customer assets invested in Grayscale Investment’s GBTC, is facing potential insolvency issues associated with the negative premium on the GBTC shares. Using the negative premium of minus 7.89% on the GBTC...
Crypto lending firm BlockFi raises $350M in new funding round
11.3.2021
The company is now valued at $3 billion
BlockFi Valued at USD 3B Following USD 350M Round
11.3.2021
BlockFi co-founders: Flori Marquez and Zac Prince
The US-based major financial services company focused on cryptoassets, BlockFi, was valued at USD 3bn following its recent USD 350m Series D fundraising round.
It was led by new investors including Bain Capital Ventures, partners of DST Global...
Grayscale's Parent Set to Buy GBTC Shares, BlockFi Attacked + More News
10.3.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Investments news
Digital Currency Group, the parent company of digital currency asset manager Grayscale Investments, has announced its plan...