Top NBA Pick Paid in Bitcoin for BlockFi Sponsorship Deal

Former Oklahoma State star Cade Cunningham's multi-year deal with the crypto lender includes a bitcoin signing bonus.

Business  ·  19 August 2021

Kentucky Orders BlockFi to Stop Signing Up New Interest Accounts

Kentucky is the fifth state to allege BlockFi Interest Accounts are securities.

News  ·  30 July 2021

BlockFi Gets More Time From NJ Regulators Before New Interest Accounts Are Banned

An order by the New Jersey Bureau of Securities had already been delayed once.

News  ·  28 July 2021
Crypto Lending

BlockFi Says Vermont Has Joined Ranks of States Probing the Crypto Lender

Alabama, Texas and New Jersey are investigating whether the firm's marquee offering violates local securities laws.

News  ·  24 July 2021
Crypto Lending

BlockFi Is Pursuing Plans to Go Public – Even as Regulators Close In

The crypto lender is days away from closing a $500 million Series E, sources say. A timetable for a public listing is circulating among investors.

Business  ·  22 July 2021

BlockFi Is in Regulators’ Crosshairs. DeFi Is Next

The DeFi industry should watch closely the regulatory actions taken against BlockFi and the securities questions being raised, CoinDesk columnist Preston Byrne writes.

Opinion  ·  22 July 2021
Crypto Lending

BlockFi Faces Crackdown by a Third US State, Texas

The Lone Star state’s proposed cease-and-desist order would bar BlockFi from offering interest accounts without registering with the state’s securities regulator.

Business  ·  22 July 2021

Alabama Issues ‘Show Cause’ Order to BlockFi

The Alabama Securities Commission alleges that BlockFi has funded cryptocurrency lending in part through the sale of unregistered securities.

News  ·  22 July 2021
Crypto Lending

NJ Regulators Give BlockFi 1 Week Before Blocking New Interest Accounts

The state’s securities regulator contends BlockFi is selling an “unregistered security” to its customers.

Business  ·  21 July 2021

Visa Crypto Cards Have Racked Up $1B in Spending in 2021

Spending on crypto-related cards is now its own category at the payments giant, said Visa’s Cuy Sheffield.

Business  ·  7 July 2021

BlockFi Retail Account Balance Increased Five-Fold in Past Year, CEO Says

Zac Prince said the average balance of a retail client has climbed from $10,000 to $50,000 in the last year.

News  ·  11 June 2021

BlockFi Looks to Tap Institutional Market With New Platform

BlockFi launched BlockFi Prime as more institutional investors show an interest in crypto.

News  ·  10 June 2021
Crypto Lending

BlockFi in Discussions to Raise ‘Several Hundred Million’ in Latest Round: Report

Unnamed sources tell The Information that BlockFi is seeking another mega-round.

Business  ·  8 June 2021

BlockFi’s Botched Promo Payouts Continued Into April, Adding More Confusion for Users

The faulty deposits left users confused and frustrated.

Tech  ·  4 June 2021
Crypto Lending

Crypto Lenders Say Wednesday’s Crypto Crash Cleaned Up ‘Excessive Leverage’

Several lenders were preparing for the correction.

Business  ·  20 May 2021