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BlockFi’s Zac Prince Leaves Crypto, Joins Real Estate Tech Startup Re Cost Seg
11.3.2024
Prince says he considered starting a new company in the crypto space, but wants something with a regular work week and lacks the octane and volatility of the industry
BlockFi Settles With FTX, Alameda Estates for $874.5M
7.3.2024
The settlement with FTX and Alameda Research is a key part of BlockFi's bankruptcy and reorganization plan
Circle and BlockFi questioned on banking with SVB by Warren and AOC
12.4.2023
Circle and BlockFi executives were questioned after the lawmakers accused SVB of “coddling” and giving “white glove” treatment to its largest depositors
BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor
2.3.2023
Gemini is accused of providing BlockFi with custodial services and misleading information to help BlockFi market its alleged unregistered securities
FTX Attempts to Freeze Robinhood Shares as Creditors Swarm to Scoop $450M in HOOD Stock
23.12.2022
Court filings show that debtors from FTX Trading Ltd. and Alameda Research want 56 million shares of Robinhood stock frozen after multiple creditors are seeking access to the funds, and also Sam Bankman-Fried (SBF). Court Filing Wants to ‘Enforce an Automatic Stay’ Against Claims Over...
Blockfi Pauses Customers Withdrawals, Cites ‘Lack of Clarity’ on FTX’s Status as Cause
11.11.2022
Blockfi, a cryptocurrency lending platform, has announced that it is limiting the operations of its platform and pausing customer withdrawals. The company issued a letter where it states that this decision was caused by the “lack of clarity” on the current state of FTX, which...
Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet
21.6.2022
The crypto lender Blockfi detailed on Tuesday that the company secured a $250 million line of credit from FTX. Blockfi’s CEO Zac Prince announced on Twitter that the company will use the capital to bolster Blockfi’s “balance sheet and platform strength.” Blockfi Obtains...
Crypto Lending Company Blockfi Cuts Staff by 20%
13.6.2022
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince...
Crypto Financial Services Firm Blockfi Launches Competitive Bitcoin Trust
10.2.2021
The cryptocurrency financial services firm Blockfi has launched a bitcoin-based trust that offers custody from Fidelity Digital Asset Services. Blockfi’s investment vehicle aims to give investors exposure to the leading crypto asset as bitcoin assets under management (AUM) was over...
BlockFi Raises $50M From Universities, NBA Star, Others as Crypto Lending Soars
20.8.2020
BlockFi, a major player in the crypto-lending sector, has now raised nearly $100 million in the past 12 months
BlockFi Hires Former Deutsche Bank, Barclays Alum as General Counsel
17.7.2020
The crypto lending platform has hired banking veteran Jonathan Mayers as general counsel in a bid to stay ahead of the regulatory curve
Crypto Lender BlockFi Says Monthly Revenue Up 100% After Bitcoin Halving User Boost
2.7.2020
BlockFi said it's seen a surge in revenue since the bitcoin halving and the launch of its mobile app
BlockFi Taps Defense Department, Microsoft Alum as Security Chief
16.6.2020
BlockFi is adding a former Bakkt and Microsoft employee to their lineup to take charge of the firm's security
You Call That Volatility? Bitcoin Traders Scoff at Wall Street’s Gyrations
9.3.2020
As traditional markets undergo a level of anxiety not seen since the 2008 recession, the cryptocurrency industry showed few existential signs of distress