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BlockFi expresses its anguish regarding FTX’s bankruptcy
15.11.2022
BlockFi has gone the extra mile and made a public announcement regarding its sheer anguish. This is in reference to how the negative situation at FTX appears to be having a terrible impact on all of its clients. This is their method of reaching out to their customers in an attempt to get them...
FTX collapse could see crypto sector layoffs accelerate
15.11.2022
While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.”
Crypto Lender BlockFi Updates Users on Platform, FTX Exposure
14.11.2022
BlockFi said withdrawals remain paused, and denied rumours that most of its assets being custodied on fTX
BlockFi denies rumors that majority of its assets were held on FTX
14.11.2022
Although it admitted to “significant exposure,” the crypto lender assured clients that it has “the necessary liquidity to explore all options.”
Payments company Curve bids for BlockFi's 87,000 credit card customers
14.11.2022
A Curve spokesperson has confirmed they have been in negotiations to acquire BlockFi's credit card program's customers since Nov. 12
California Finance Regulator Revokes BlockFi's Lending License
11.11.2022
California's Department of Financial Protection and Innovation announced Friday it was moving to revoke BlockFi's lending license
3,500 ‘Sleeping Bitcoins’ From 2011 Worth Over $60 Million Wake up After 11 Years of Slumber
11.11.2022
On Nov. 11, amid the confusion concerning troubled crypto companies like FTX and Blockfi, 3,500 ‘sleeping bitcoins’ from a wallet created on Oct. 7, 2011, moved for the first time in over 11 years. $60 Million Worth of 11-Year-Old Bitcoins Move Amid the Crypto Market Rout A large...
BlockFi halts withdrawals following FTX collapse
11.11.2022
A cryptocurrency lending platform BlockFi announced yesterday that it would limit its operation and could not conduct business as effectively as before with FTX. It paused the customer withdrawals citing the lack of clarity about FTX’s current situation. The decision was taken after citing...
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...
BlockFi limits platform activity, including a halt on client withdrawals
11.11.2022
"We intend to communicate as frequently as possible [...] but anticipate that this will be less frequent than what our clients and other stakeholders are used to."
Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse
11.11.2022
Crypto Lender BlockFi said it could not conduct business as normal and would be limiting activity in the wake of FTX's collapse
Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves
9.11.2022
On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto economy dropped 11.17% in 24 hours. The crypto economy has slid under $900 billion for the first time since January 2021. The Binance and FTX news has come as a shock to a lot of […]
Crypto News Summary: BitMEX Announces its IEO & BMEX Token, BaFin Comes After Coinbase Germany, Paradigm Launches Crypto Policy Council with US Politicians
8.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Crypto News Summary: BitMEX Announces its IEO & BMEX Token, BaFin Comes After Coinbase Germany, Paradigm Launches Crypto...
Fidelity to beef up crypto unit by another 25% with 100 new hires
24.10.2022
The Digital Assets division within Fidelity Investments will have around 500 total staff members by the first quarter of 2023, according to a spokesperson
More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo
27.9.2022
Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation...
Ether staking could trigger securities laws — Gensler
16.9.2022
Though he did not specify any particular crypto, SEC chair Gary Gensler said proof-of-stake cryptocurrencies could be subject to securities laws
Three Senior Executives Jump from BlockFi Ahead of FTX Acquisition: Sources
8.9.2022
BlockFi’s Global Head of Institutional Distribution David Olsson, Head of Private Clients Samia Bayou, and Senior Institutional Sales Director Shane O’Callaghan are leaving the company, according to people familiar with the matter
FTX Could Buy BlockFi for Only $15M – or a Lot More If Crypto Lender Hits Big Goals
22.8.2022
FTX’s option to acquire BlockFi includes performance targets around a key SEC approval and more than doubling client assets that boost the purchase price to $240 million, people familiar with the matter told CoinDesk
BlockFi tops revenue grower list with 250,000% increase, BitGo aims to sue Galaxy Digital, and Bitcoin’s price drops: Hodler’s Digest, Aug. 14-20
20.8.2022
BlockFi tops the Inc. 5000 list with almost 250,000% revenue growth in three years
16.8.2022
The CeFi crypto lender faced a large fine spearheaded by the SEC this year and weathered the harsh crypto winter to come in as Inc. magazine’s No. 1 revenue gainer