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Surprise twist as BlockFi receives Money Services License in Iowa

Just two weeks after being fined by Iowa’s regulators for offering and selling unregistered securities, crypto lending platform BlockFi announced on June 28 thait has received a Money Services License in the state.The Iowan license will allow the crypto lender to receive money and sell payment instruments in the state.

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Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows

According to Yusko, the FTX credit line proposal had a catch for BlockFi’s existing shareholders: It gave FTX the option to buy BlockFi “at essentially zero price.” If FTX were to exercise said option, it would effectively wipe out all of BlockFi’s existing equity shareholders, including management and employees with

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Crypto exchange BlockFi secures $250M credit from FTX amid bear market

BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX.Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength.— Zac

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