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Several states’ securities regulators have been furrowing their brows with regards to BlockFi Interest Accounts (BIA) lately. This includes BlockFi’s home state of New Jersey, who was arguably one of the more strict in their action towards the firm; New Jersey issued a cease and desist that instructed the firm
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New Jersey, Texas, and Alabama have individual state regulators issuing concerns that New Jersey-based DeFi firm, BlockFi, is offering unregistered securities. Regulators seem to particularly point to BlockFi’s Interest Account (BIA), which offers rates that consumers are now becoming accustomed to in DeFi – but that have blown traditional banking
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BlockFi has been focusing its efforts to go public long before the regulations grew deep.The documents circulated in the media have given an edge to the growing speculation highlighting the intention of BlockFi to go public in the next 12-18 months. The documents are also suggesting that the company will
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The Texas State Securities Board has filed for a cease and desist order against crypto lending firm BlockFi for not offering a security licensed at the state or federal level.According to a Thursday filing, the state regulator will be holding a hearing related to allegations BlockFi is illegally funding its
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The state of Alabama has become the second state in the United States to raise concerns over BlockFi, a major cryptocurrency lending platform.The Alabama Securities Commission (ASC) has issued a show cause order to New Jersey-based company BlockFi, ASC director Joseph Borg officially announced Wednesday.Already facing a cease and desist
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A golden cross formed on the Chainlink (LINK) four-hour chart a week after its price crashed by almost 45 percent from its record high of $37.07, signaling a bullish revival for the world’s ninth-largest cryptocurrency by market capitalization. In retrospect, a golden cross appears when an asset’s short-term moving average crosses
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The disclosure comes as BlockFi prepares to launch a competitor bitcoin trust product. Source
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BlockFi, a major hub for crypto lending, appears to be increasing its courting of institutional bitcoin bets through a new bitcoin trust product.The trust, revealed in Friday regulatory filings, could put BlockFi in direct competition with Grayscale for bitcoin-friendly Wall Street investors’ attention and dollars. Grayscale’s own bitcoin trust is
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Anthony Pompliano, the popular crypto evangelist and partner at Morgan Creek Digital, is launching a blockchain-focused jobs board, with backing from Gemini, Coinbase and BlockFi. Announced Wednesday, PompCryptoJobs went live with over 100 open crypto positions advertised by its three launch partners. Pompliano – known simply as “Pomp” in the crypto world
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The crypto lender is only the second firm to disclose such a large GBTC stake, after Three Arrows Capital. Source
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