CF Benchmarks will now update prices on crypto deposits at BlockFi every second, allowing the lender to hedge against sudden market moves.
BlockFi, a major player in the crypto-lending sector, has now raised nearly $100 million in the past 12 months.
The crypto lending platform has hired banking veteran Jonathan Mayers as general counsel in a bid to stay ahead of the regulatory curve.
BlockFi said it has seen a surge in revenue since the bitcoin halving and the launch of its mobile app.
BlockFi is adding a former Bakkt and Microsoft employee to their lineup to take charge of the firm's security.
Poolin, the second biggest bitcoin mining pool by total network power, is expanding its crypto lending and financial services businesses.
A SIM swapping exploit revealed BlockFi customer names and addresses while BitMEX is hit with RICO accusations.
The hacker compromised an employee's phone and gained access to users' personal information, including their names and addresses, but BlockFi says no funds were affected.
Crypto lender BlockFi has hired two execs from traditional finance to help launch a bitcoin rewards card and build out business teams in Europe and Asia.
Crypto lending platform BlockFi has begun extending credit to miners as competition for their business has eased during the coronavirus crisis.
Market makers and proprietary traders are taking out more crypto loans after the second-largest price drop in bitcoin created a new, more volatile market.
“As of five minutes ago, everyone who needed to post collateral has,” Genesis CEO Michael Moro said Friday afternoon.
Crypto lender BlockFi now supports cash deposits.
As traditional markets undergo a level of anxiety not seen since the 2008 recession, the cryptocurrency industry showed few existential signs of distress.
Having Hong Kong-based HashKey as an investor will help BlockFi expand into Singapore later this year, said CEO Zac Prince.