Crypto news this week has had one major headline: FTX. And under that could be numerous subplots – one of which is BlockFi, a crypto lender with ties to the collapsing crypto exchange FTX and wh...
Tag: BlockFi
BlockFi Halts Withdrawals Citing Lack of Clarity Regarding FTX
Crypto lending firm BlockFi is the latest to limit customer activity on its platform. Fearing a major liquidation event, the company has halted withdrawals. On Nov. 11, BlockFi announced that it was “...
BlockFi halts withdrawals amid market meltdown – crypto.news
BlockFi, a New Jersey-based exchange, has informed clients that it will have “limited platform activity,” and will be pausing withdrawals amid the ongoing FTX issue. Apart from BlockFi’s announcement,...
Crypto Lender BlockFi Halts Withdrawals After FTX Contagion
The crisis sparked by the collapse of the FTX exchange has spread like a wildfire across the crypto market. A few hours ago crypto lender BlockFi said that they are now limiting client activity and pa...
BlockFi Stops Withdrawals, Hinting FTX Mess Can Only Get Worse
BlockFi, the crypto lender bailed out by FTX earlier this year, has suspended withdrawals only two days after assuring users that it was fully operational. In a tweet late Thursday, BlockFi said it ca...
BlockFi halts withdrawals amid FTX crisis, Genesis Trading, Crypto.com emphasize transparency
BlockFi limits its platform activity and pauses client withdrawals amid the FTX crisis. In a Twitter post, BlockFi clarified that this is due to the lack of clarity on the FTX issue. The announcement...
The FTX Contagion is Spreading! BlockFi Suspends Withdrawals; Is the Company Going Bankrupt?
The market conditions presently have become worse as the domino impact of the recent FTX breakdown is being witnessed. After Terra (LUNA), Celsius Network, Three Arrow Capital, Voyager Digital, and FT...
Blockfi Pauses Customers Withdrawals, Cites ‘Lack of Clarity’ on FTX’s Status as Cause – News Bitcoin News
Blockfi, a cryptocurrency lending platform, has announced that it is limiting the operations of its platform and pausing customer withdrawals. The company issued a letter where it states that this dec...
BlockFi Limits User Activities Due to Uncertain FTX Situation
2 hours ago | 2 mins read Editors News BlockFi declared halting of withdrawals “as per their terms”. FTX’s acquisition invites to Binance have also reached a dead-end. BlockFi, one of the leading cryp...
BlockFi halts withdrawals following FTX collapse
A cryptocurrency lending platform BlockFi announced yesterday that it would limit its operation and could not conduct business as effectively as before with FTX. It paused the customer withdrawals cit...
BlockFi Suspends Withdrawals Following FTX Crisis
Crypto lender BlockFi has suspended business following the collapse of crypto exchange FTX. The company announced on Twitter that they have suspended withdrawals and normal business operations due to ...
BlockFi suspends withdrawals after FTX collapse
Crypto lender BlockFi suspended withdrawals and will not be able to operate business as usual given the lack of clarity over the status of FTX, the company said on Twitter. “We are shocked and d...
BlockFi Halts Withdrawals Due to FTX Collapse
Key Takeaways BlockFi has announced that it will halt withdrawals following uncertainty around FTX’s financial standing. The company said that it will post updates on the situation, but that the...
Crypto Lending Platform BlockFi Announces Withdrawal Freeze, Blames ‘Lack of Clarity’ at FTX and Alameda Research
In the latest sign of fallout from the collapse of the digital asset exchange FTX, crypto lending platform BlockFi now says it has stopped allowing its customers to withdraw funds. The company just po...
BlockFi Pauses Withdrawals – Trustnodes
BlockFi, a centralized entity that provides USD loans on crypto collateralization, has announced they’re pausing withdrawals. The company said they are “shocked and dismayed” by the events unfolding a...
BlockFi relaunches its crypto product
The crypto lending platform, BlockFi, has finally paid its $100 million fine with the Securities and Exchange Commission (SEC) and is now ready to relaunch its crypto Yield. At the moment, the produc...
BlockFi is Bringing Back Yield Product, But There’s a Catch
BlockFi was one of the lenders that found itself in troubled waters following the crypto credit crisis. As forced selling and liquidity issues began to take a toll on investors, the industry, which wa...
BlockFi reintroduces crypto yield accounts to U.S accredited investors
BlockFi is launching its first-ever crypto interest product from the time it paid a $100 million deal with the SEC this February and accepted that it will not offer it to Americans. BlockFi Yiel...
BlockFi to Relaunch Yield Bearing Product in the US After SEC Settlement
American crypto lending firm, BlockFi has announced the relaunch of its yield-bearing product in the US, a product that will only be accessible to accredited investors. Dubbed BlockFi Yield, the lendi...
Crypto lender BlockFi says products are ‘fully functional’ in wake of Binance, FTX deal
Crypto lending firm BlockFi says all of its products are “fully functional” following Binance’s announcement that it plans to acquire crypto firm FTX. FTX, which had been navi...
BlockFi brings back high-yield product thanks to SEC exemption
BlockFi is bringing back its popular high yield crypto savings account almost nine months after the SEC fined the fintech, thanks to a loophole. And this time it will only target America’s wealt...
BlockFi faces heavy losses from its loan to Core Scientific
Listen to this article. Last week, the fledgling US-based miner Core Scientific, which has been selling most of its bitcoin throughout this year announced that it’s ready to go through bankruptcy proc...
BlockFi faces heavy loses from its loan to Core Scientific
Last week, the fledgling US-based miner Core Scientific, which has been selling most of its bitcoin throughout this year announced that it’s ready to go through bankruptcy proceedings with creditors a...
10% of Women Choose Crypto as Their First Investment: Blockfi Survey
A survey conducted by BlockFi shows that female generation Z and millennials who are new to investments are willing to put their money in crypto before anything else. This October 24, U.S-based crypto...
Kraken, dYdX Foundation and BlockFi Add Execs
Crypto exchange Kraken seeks to build out an NFT marketplace and more spot trading pairs in UK after latest hire BlockFi’s co-founder takes chief operating officer post amid executive reshuffle Gemini...
Coinbase, BlockFi See Largest Layoffs In Crypto, Study Shows
Coinbase, BlockFi, and other major companies in the crypto sector have been negatively impacted by the persistent downtrend across the digital and legacy financial markets. The companies have been for...
How BlockFi Went From Tech Unicorn to Crypto Burnout
Blockworks has mapped BlockFi’s tumultuous last 18 months via internal documents and conversations with current and former employees BlockFi is now fighting to boost company revenues, which have sunk ...
BlockFi CEO shares lessons learned from liquidating 3AC
Episode 81 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and BlockFi Founder & CEO Zac Prince. Listen below, and subscribe to The Scoop on Apple, Spotify, Go...
FTX is on the verge of acquiring BlockFi
Popular crypto exchange FTX is on the verge of acquiring BlockFi. The U.S offshoot of the firm FTX.US is working on completing the purchase of the crypto lending platform that gained prominence last y...
FTX To Acquire BlockFi With A Floor Price Of $15…
FTX, the crypto exchange founded and currently led by Sam Bankman-Fried (SBF), is reportedly set to acquire BlockFi, a crypto lending platform. The move is said to be an acquisition deal in the works ...