The platform will avoid rehypothecation and automate lending to offer an application that can compete with both over-the-counter desks and DeFi lending protocols.
Alabama, Texas and New Jersey are investigating whether the firm's marquee offering violates local securities laws.
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.
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.
The state’s securities regulator contends BlockFi is selling an “unregistered security” to its customers.
Greater risk, greater reward? When it comes to USDC deposits, customers might prefer lower risk, lower reward.
A source familiar with the situation said Prime Trust’s risk team was concerned about Celsius’ strategy of “endlessly re-hypothecating assets.”
A16z led the round, which will enable the startup to build a network of lenders and borrowers and ramp up hiring.
Unnamed sources tell The Information that BlockFi is seeking another mega-round.
Several lenders were preparing for the correction.
The lender said clients should be prepared for margin calls because of “market conditions.”
X-Margin’s real-time risk solution is working with crypto hedge fund Dunamis Trading.
Signature’s CEO said on an earnings call Wednesday the bank wants it to be a “no-loss business.”
The Singapore crypto lender toughed it through the bear market and now has $250 million locked and lended.
BlockFi plans to use the Series D to build a range of financial services, said CEO Zac Prince. Is a public offering next for the crypto unicorn?