On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The m...
Tag: BlockFi
BlockFi Cuts 20% of Workforce Amid Crypto Downturn
Key Takeaways BlockFi is firing 20% of its employees due to dramatic market conditions. The company is focusing on profitability ahead of what it acknowledges could be a prolonged global recession. Ot...
Crypto.com, BlockFi to Cut Over 400 Jobs Amid Market Rout
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BlockFi adds a lobbyist to streamline with senators
BlockFi has teamed up with Arnold & Porter to make a five-person team which will superintend restrictive and tax program for money service suppliers within the crypto space. Celebrated crypto disp...
BlockFi hires lobbyists to streamline talks with policymakers
? Want to work with us? CryptoSlate is hiring for a handful of positions! Renowned crypto lending platform BlockFi has hired lobbyists from Arnold & Porter Kaye Scholer LLP to work on regulatory a...
BlockFi Plans to Raise $100M at a Lower $1B Valuation
Crypto lending platform BlockFi is planning to raise new funding at a depressed $1 billion valuation, Bloomberg reported Wednesday, citing people with knowledge of the matter. Recall that in March 202...
BlockFi To Close The Funding Round With A Diminished Valuation
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BlockFi to Raise Down Round at $1 Billion Valuation
BlockFi has seen its total valuation drop to $1 billion and is now using a down round to raise much-needed funds. Crypto company BlockFi is set to close a down round at a lower valuation than previous...
BlockFi is raising a down round at $1 billion valuation: sources
Crypto financial services firm BlockFi is in the process of closing a down-round — in which funds will be raised at a lower valuation compared to previous raises — according to three sources with know...
Will BlockFi, Ledn and Nexo rates trend lower?
Generating a yield on crypto is increasingly tricky. The Terra ecosystem implosion — where up to $50 billion was wiped out — led to a decline in decentralized finance (DeFi) protocols offering interes...
BlockFi halves interest rates for major cryptos Solana, Avalanche, Polygon
BlockFi, a popular crypto lending platform, has slashed interest rates by half for some of the market’s cryptos held by non-US clients. Interest rates for Solana deposits will fall from 10% to 5...
BlockFi Offers program gives 10% crypto back
BlockFi has introduced a new rewards program called BlockFi Offers, which is aimed at delivering increased value to members of the Visa Signature Card community. Cardholders can earn personalized addi...
Axie Infinity (AXS) Rallies Past $30 On BlockFi Support, Staking Plans
Popular gaming token Axie Infinity (AXS) rallied over the past 24 hours after introducing land staking rewards, while crypto lender BlockFi also added support for the token. AXS jumped nearly 20% to $...
HubSpot Hack Results In Data Breach Of Major Companies Like Circle And BlockFi
HubSpot is a popular CRM tool that many companies use to store their users’ details, such as phone numbers, names, email addresses, etc. These companies use the information they collect to facilitate ...
Hubspot Hacked again! Threatened BlockFi and Swan Bitcoin this time
A recent data breach reported in a customer relationship management (CRM) tool, Hubspot, turns out in data breach of BlockFi and Swan Bitcoin In February, Panthera Capital, a well known venture capita...
Hacker Steals Customer Data From Circle, BlockFi, Other Big Crypto Firms
Crypto companies invest heavily in cybersecurity, but hackers can still burrow in by attacking their third-party vendors. That’s what happened to Circle, BlockFi, Pantera Capital, NYDIG and othe...
Data Leak At Unchained Capital, NYDIG, Swan & BlockFi. At The Same Time
What do Unchained Capital, NYDIG, Swan Bitcoin, and BlockFi have in common? Third-party providers. Even though the four companies confronted the data leak head-on and admitted their wrongs, the compro...
BlockFi, Swan Bitcoin data breached amid Hubspot hack
TL; DR Breakdown Hubspot hack led to data breaches at BlockFi and Swan Bitcoin BlockFi suffered a network breach back in 2020 Two cryptocurrency service providers, BlockFi and Swan Bitcoin, have discl...
BlockFi Warns against Phishing Attacks after Vendor Data Breach
Crypto lending platform, BlockFi has confirmed a data breach incident that took place last Friday using one of its third-party vendors, Hubspot. It was providing customer relationship management (CRM...
BlockFi Records Data Breach on Hubspot of its Third-Party Vendor
BlockFi, an American cryptocurrency platform to buy, sell and earn crypto, has confirmed that some of its client’s data stored on Hubspot, a Customer Relationship Management platform, have been ...
BlockFi crypto lending platform faces a security breach
BlockFi, a cryptocurrency lending platform, reportedly witnessed a security breach on Saturday. Hacks and breaches count are soaring surprisingly as the cryptocurrency market is growing. According to ...
Crypto Lender BlockFi Says Client Data Leaked In Security Breach
Crypto lending platform BlockFi said on Saturday that an unauthorized third party had gained access to some of its customer data. Personal information including names, emails and phone numbers for a “...
BlockFi Survey Says 33% Of Women Plans To Buy Crypto This Year
The latest survey from BlockFi shows that women are more interested in cryptocurrencies than ever, with one-third planning on buying digital assets this year. Furthermore, 60% of these women say they ...
Happy to be regulated? Fallout from BlockFi settlement is a matter of speculation
It might seem unlikely that BlockFi founder and CEO Zac Prince would describe a prosecution that resulted in a $100-million fine for his company as “a win not only for BlockFi but for the broader cryp...
After BlockFi Episode, Crypto Lender Nexo To Halt Interest on New Deposits
As per the latest report, crypto lender Nexo is now planning to halt interest offerings on new deposits on the platform. The high interest-yield crypto products have recently attracted the attention o...
How good are BlockFi interest rates? Let’s have a look over them
What is BlockFi BlockFi is one of the leading crypto lending platforms in the cryptocurrency market space. Crypto lending was a paradigm shift in the traditional loan system, but BlockFi brought it fu...
BlockFi, SEC settlement: $ 100 million fine
BlockFi, the famous platform for the management of loans of digital assets, has closed a few days ago an agreement with the SEC, the regulator of the American stock exchange, for a dispute that arose ...
ADALend CEO Kaspars Koskins: “ $100M fine for BlockFi, Canada banking freeze highlights the importance of Decentralized Finance”
Welcome to the second installment of our interview series with the ADALend CEO Kaspars Koskins. Recent events in the US and Canada have illustrated that Decentralized Finance is more important than ev...