BlockFi—a cryptocurrency lending platform, announced on Twitter that it had to liquidate a big client despite the fact that it was one of its best business judgments. The lending platform came to this...
Tag: BlockFi
BlockFi among firms that liquidated Three Arrows collateral: FT
BlockFi was one of the companies that liquidated the collateral on a loan from Singapore-based crypto hedge fund Three Arrows, according to the Financial Times. The Block had previously reported that ...
Crypto venture capital giant Three Arrows was liquidated by BlockFi and 3-others
Three Arrows, a huge crypto venture capital, and trading fund, was liquidated by BlockFi and other top-tier crypto lending businesses after it failed to top up its loan collateral. Despite the fact th...
BlockFi Mentions That It Liquidated Three Arrows Capital, Here’s What We Know!
Crypto Lending Platform BlockFi has confirmed via a tweet that despite “best business judgement” it had to liquidate a “large client”. This decision was primarily taken in order to alleviate risks whi...
BlockFi To Ease Risks With Three Arrows Capital! Here’s How
Cryptocurrencies, which had surged on June 15 after US Federal Reserve Chair Jerome Powell sounded a firm inflationary stance, gave up their gains yesterday amid renewed market concerns about increasi...
BlockFi liquidates major counterparty after it fails to meet margin call
? Want to work with us? CryptoSlate is hiring for a handful of positions! Crypto lending platform BlockFi liquidated a large client after it failed to meet obligations on an overcollateralized margin ...
20% of the BlockFi employees are laid off as bitcoin tumbles
BlockFi, a cryptocurrency lender that offers instant loans to purchase digital currencies, is laying off about 20% of its employees as the firm tries to navigate through a tough cryptocurrency market ...
BlockFi Took Part in Liquidating Three Arrows: Report
Key Takeaways On Tuesday, reports emerged that Three Arrows Capital suffered $400 million in liquidations from lending firms. Today, the Financial Times reported that BlockFi was one company that was ...
BlockFi reportedly among firms that liquidated Three Arrows Capital
Latest report about Singapore-based crypto hedge fund Three Arrows Capital (3AC) notes that the venture firm has not met margin calls from lenders. The news looks to spell more gloom for the firm, whi...
Celsius Rival BlockFi to Pay $1 Million to Iowa for Selling Unregistered Securities
Celsius isn’t the only decentralized finance (DeFi) lending platform having a bad week; yesterday, competitor BlockFi was asked to pay a $943,396.22 fine from the state of Iowa’s Insurance Division Fi...
BlockFi Fined Over $900K for Not Registering Securities in Iowa – crypto.news
A multi-state investigation in the US uncovered that BlockFi offered unregistered securities and misled information about its lending risks. BlockFi Fined Over $943K by Iowa BlockFi, a crypto lending ...
BlockFi is charged with $193k for improper compliance
BlockFi is much from having a peaceful season. Not solely the crypto business is suffering the hits of a bear market, currently the crypto disposal platform is facing an almost $1 million fine oblig...
BlockFi Ordered to Pay Over $943K in Iowa for Failing to Register Securities
BlockFi will pay settlements of up to $50 million to the 53 United States following the investigation, as well as another $50 million to the SEC. BlockFi has been ordered to pay an administrative fee ...
Iowa regulator orders BlockFi to pay $943K over alleged unregistered securities offering
The Iowa Insurance Division, or IID, a regulator responsible for many securities sales in the state, has fined crypto lending firm BlockFi more than $943,000 after it allegedly offered and sold unregi...
20% Of BlockFi Employees Lose Jobs Due To Crypto Market Crash
It appears that the current state of the digital market is hitting hard on the economy of certain crypto exchanges. The BlockFi cryptocurrency lending and exchange platform, Crypto.Com, and Gemini are...
BlockFi Fined $1 Million In U.S. Over This Breach
Crypto lending platform BlockFi on Tuesday attracted regulatory action for breaching rules in offering securities. An order was recently issued against the lender as part of a multi-state probe includ...
BlockFi Faces Fine of More Than $943,000 For Improper Registration
BlockFi is far from having a peaceful season. Not only the crypto industry is suffering the hits of a bear market, now the crypto lending platform is facing a nearly $1 million fine imposed by the S...
Iowa State Fines BlockFi for Overstatements About Collateralization
The state of Iowa has ordered BlockFi Lending LLC to pay a fine and cease making false statements regarding the securities it offers. Crypto lender BlockFi is in hot water with state regulators in Iow...
Crypto.com and BlockFi Cut Staff Strength Amidst Bearish Market Trend – crypto.news
The CEOs of Crypto.com and BlockFi have announced staff reductions in individual statements. The development follows suit with other crypto firms that have also been laying off staff. Staff cut across...
Multi-Sate Investigation on BlockFi and Ordered to Pay $943,000
Editors News BlockFi facing a nearly $1 million fine imposed by the State of Iowa. 53 jurisdictions are involved in the investigation. The leading trading platform BlockFi was ordered to pay more than...
Crypto Layoffs Continue as Celsius Rival BlockFi Cuts Staff by 20%
Crypto lending firm BlockFi today announced that it was cutting staff—making it the latest company in the digital asset space to give employees the chop amid a brutal bear market. The firm said in a ...
BlockFi fined $943,000 for not registering securities in Iowa; to pay $100M in settlement
? Want to work with us? CryptoSlate is hiring for a handful of positions! Cryptocurrency trading and lending platform BlockFi has been fined $943,000 by the Iowa Insurance Division for failing to regi...
Crypto lender BlockFi cuts staff by ‘roughly 20%’
Crypto lending firm BlockFi said Monday that it is laying off “roughly 20%” of its staff. In a blog post, penned by co-founders Zac Prince and Flori Marquez, the company cited “marke...
After BlockFi, Coinbase cuts workforce by 18% as CEO admits to over-hiring
While it is one of the world’s biggest crypto-exchanges, it would seem that Coinbase is not immune to the market’s downturn either. According to a blog shared by CEO Brian Armstrong, the exchange will...
Layoffs Continue with BlockFi and Crypto.com Latest Firms to Shed Staff
The market’s recent bloodbath has resulted in major crypto firms reining in their expansion plans and, in some cases, laying off a sizable portion of their workforce. BlockFi has laid off 20% of its ...
BlockFi reduces staff by 20%
BlockFi co-founder Zac Prince has regretfully stated that the crypto lending company will reduce staff by 20% due to dramatic economic conditions worldwide. BlockFi and Zac Prince’s regretful message...
BlockFi And Crypto.com Render Hundreds Of Staff Jobless As Crypto Market Bleeds
BlockFi announced in a blog post Tuesday that it is letting go of a sizable number of staff: 20 percent of its total headcount, or around 170 to 200 employees. Zac Prince, the CEO of the crypto tradin...
Crypto.Com, BlockFi Announce Massive Layoffs as Economic Crisis Bites
Crypto exchange Crypto.com and lending platform BlockFi announced on Monday plans to cut over 400 jobs globally, as they come under pressure from difficult market conditions. Crypto.com said that it...
BlockFi Lays Off 20% of its Staff Amid Market Pullback
Centralized crypto exchange and lending platform BlockFi joined Geminis, CryptoCom, and other digital asset firms in massively trimming its staff size in the light of a downtrend wave storming the ind...
BlockFi Reduces Workforce by 20% as Crypto Winter Intensifies
The current bearish market trend is affecting both investors and companies in the crypto industry. While investors scratch their heads in losses, firms such as crypto lending exchange BlockFi are taki...
BlockFi cutting 20% of staff to prioritize profitability goal
? Want to work with us? CryptoSlate is hiring for a handful of positions! Cryptocurrency lending platform BlockFi became the fourth crypto company to downsize in order to survive the current market by...