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After $50 million in fresh capital, crypto lender BlockFi has now raised nearly $100 million in the past 12 months. Announced Thursday, the latest round, a Series C, was led by Anthony Pompliano’s Morgan Creek Digital. (It’s the second-largest round to be led by the VC firm, with Figure’s $103 million
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BlockFi has managed to attract new funding from investors. At the moment, BlockFi has $1.5 billion in crypto assets on its lending platform and is producing a little less than $10 million per month in revenue.New York-based Bitcoin lending firm, BlockFi announced on August 20 that it has raised $50
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BlockFi is on the hunt for a chief financial officer. The new hire could help bring the company public as early as the second half of 2021, CEO Zac Prince confirmed.It seems that famous crypto lender BlockFi is looking to hire an experienced corporate financial professional to launch a possible
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BlockFi said it's seen a surge in revenue since the bitcoin halving and the launch of its mobile app. Source
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[sociallocker id="55298"] China’s Poolin is bolstering its cryptocurrency lending business. The firm announced a partnership with BlockFi, the U.S.-based lending firm late on June 2, 2020. Bitcoin Liquidity for Miners As reported on Cryptox, Poolin’s mining business will now expand to include more lending and financial services. New York’s BlockFi will act
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[sociallocker id="55298"] Poolin, the second largest bitcoin mining pool, is expanding its cryptocurrency lending and financial services businesses. The pool announced Monday that it has started working with U.S.-based crypto lender BlockFi, which will be acting like an interbank lender, providing a source of capital for Poolin. The firm initially rolled out
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Today, BlockFi disclosed a SIM-swapping attack that revealed personal information related to a large swath of the firm's clients. While customer funds are secure, BlockFi said, their names and addresses were compromised along with their activity histories. This security breach comes on the heels of a cryptojacking exploit targeting European
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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
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Clients of one crypto lending company may soon notice some changes in response to the recent drops in the market. Starting on April 1, BlockFi will be raising the interest account rates on Bitcoin (BTC) and Ether (ETH). According to CEO Zac Prince, BlockFi users holding between 0-5 BTC now will
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Cryptocurrency-backed lending startup Blockfi added support for buying cryptocurrencies such as Bitcoin with cash on the platform. The purchase can be made by sending cash through wire transfer.Blockfi said the customer can send US Dollar wires to the platform to purchase stablecoin in the form of Gemini Dollars (GUSD), and
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