BlockFi

BlockFi ordered to stop opening new interest accounts in New Jersey

BlockFi ordered to stop opening new interest accounts in New Jersey

Popular crypto trading and lending platform BlockFi has been ordered by the New Jersey Bureau of Securities to suspend accepting new interest account users in the Garden State. In a Twitter thread on Monday night Eastern time, BlockFi’s CEO and founder Zac Prince said the firm remains operational for its existing clients in New Jersey …

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BlockFi generated nearly $100 million in revenue during 2020

BlockFi generated nearly $100 million in revenue during 2020

The Block Research’s Ryan Todd released a deep-dive profile of crypto lending and depository startup BlockFi last week, which revealed the firm’s nearly $100 million in revenue for 2020. “According to company documents reviewed by The Block Research, BlockFi now has over $8 billion in total client balances (more than 30x assets on platform in …

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Crypto lender BlockFi now holds over 5% of Grayscale’s Bitcoin Trust shares

Crypto lender BlockFi now holds over 5% of Grayscale’s Bitcoin Trust shares

Crypto lender BlockFi has purchased a considerable stake in Grayscale’s Bitcoin Trust (GBTC), public records show. The lending firm’s holdings now represent a 5.07% ownership of the trust, according to a new filing with the Securities and Exchange Commission (SEC). The SEC requires that companies report anything over a 5% ownership of another company using form …

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Blockchain Bites: Coinbase and BlockFi Do Some Major Hiring, Tron Gets Coronavirus Relief

Blockchain Bites: Coinbase and BlockFi Do Some Major Hiring, Tron Gets Coronavirus Relief

Justin Sun’s Tron platform successfully applied for a $2 million pandemic relief loan intended for small businesses. Coinbase has scooped up employees from the now-defunct TokenAnylist startup while BlockFi has poached two executives from Credit Suisse and American Express to join its lending firm. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the …

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