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Zac Prince Addresses Claims Comparing BlockFi To Voyager, Celsius
Wednesday, July 13, 2022 - 12:35pm | 392Read More...BlockFi CEO Zac Prince is addressing claims surrounding the DeFi protocol. What Happened: In a blockchain letter named “DeFi Worked Great,” Pantera Capital deemed BlockFi to be an unsuccessful example of CeFi, while praising the work done by other protocols. Pantera Capital...
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FTX Bails Out BlockFi, Has Option To Purchase For Up To $240 Million: What You Need To Know
Friday, July 1, 2022 - 3:41pm | 311Read More...After numerous days of conflicting reports leaving BlockFi investors and crypto watchers on edge, company CEO Zac Prince took to Twitter on Friday to announce that FTX signed a deal to bail out the embattled crypto firm. The Numbers: BlockFi signed a definitive agreement with the Sam Bankman-Fried...
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BlockFi Received A $250M Revolving Credit Facility From FTX: Here's How It Will Help
Tuesday, June 21, 2022 - 11:29am | 331Read More...BlockFi, a crypto lending firm, has confirmed a $250 million credit facility from FTX (CRYPTO: FTT). What Happened: BlockFi CEO, Zac Prince, made the announcement on Tuesday. The funding endeavors to optimize BlockFi’s platform while supporting its balance sheet. As the...
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Crypto Lender BlockFi Intends To Offer First SEC Registered Crypto Interest-Bearing Security
Monday, February 14, 2022 - 4:32pm | 348Read More...U.S.-based cryptocurrency lending firm BlockFi says it intends to file or confidentially submit a registration statement on Form S-1 with the SEC for the offering of BlockFi Yield, which is anticipated to be the first SEC registered crypto interest-bearing security. What Happened: BlockFi...
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BlockFi To Pay $100M In Penalties Over Crypto Interest Accounts
Monday, February 14, 2022 - 9:31am | 483Read More...Crypto lender BlockFi faces up to $100 million in penalties to settle investigations into its crypto interest accounts. What Happened: According to a report from Bloomberg on Friday, BlockFi will be required to pay a $50 million fine to the U.S. Securities and Exchange Commission (SEC) and another...
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Fintech Focus Roundup For August 22, 2020
Friday, August 21, 2020 - 10:46pm | 1347Read More...Robinhood Valued At $11.2B After Series G What Happened: Robinhood, a retail trading platform that offers investors commission-free stock, ETF and options trading and high-yield savings accounts, announced a $200-million Series G funding round Monday at an $11.2-billion valuation that was led by...
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BlockFi Raises $50M Series C For Wealth Management, Digital Asset Investments
Friday, August 21, 2020 - 7:58am | 286Read More...BlockFi, a provider of digital asset solutions, formally announced the closure of a $50 million Series C to be used for wealth management and digital asset investment initiatives. What Happened: On the heels of two other funding rounds in the past 12 months, BlockFi, as part of a vision to...
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BlockFi Now Caters To Institutional Trading, Hedging
Thursday, October 17, 2019 - 9:47am | 430Read More...BlockFi, a secured non-bank lender that offers U.S. dollar loans to digital asset holders, formally introduced BlockFi Institutional Services on Thursday, an enterprise-grade financing solution for market makers, exchanges, funds and family offices. The service will allow BlockFi clients to...
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BlockFi Cuts Fees, Minimums On Interest Account
Friday, September 13, 2019 - 10:41am | 242Read More...BlockFi, a financial service that offers crypto-backed loans and interest accounts, on Friday announced it dropped withdrawal penalties as well as minimums on BlockFi Interest Accounts (BIA). “We’re thrilled to see the growth in platform activity from crypto investors leveraging our...
