PYMNTS-MonitorEdge-May-2024

BlockFi

Founded in 2017 by Zac Prince and Flori Marquez, the company was created with the goal of providing credit services to markets with limited access to simple products like a savings account. The old way of doing things doesn't cut it anymore. With BlockFi, you can use cryptocurrency to earn interest at up to 8.6% APY, borrow cash, and trade currencies.

Source: blockfi.com

Today in Crypto: OneCoin Founder Ruja Ignatova Added to FBI’s Most Wanted List; Report: FTX Nears Deal to Acquire BlockFi
Today in Crypto: OneCoin Founder Ruja Ignatova Added to FBI’s Most Wanted List; Report: FTX...
June 30, 2022  |  Cryptocurrency

The founder of OneCoin, Ruja Ignatova, is now on the FBI’s Ten Most Wanted list after she allegedly defrauded over $4 billion from investors, CoinDesk...

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Today in Crypto: Crypto Hit by Margin Calls; FTX Looking to Add BlockFi Stake to Portfolio
Today in Crypto: Crypto Hit by Margin Calls; FTX Looking to Add BlockFi Stake to...
June 26, 2022  |  Cryptocurrency

With the mass slump in bitcoin making it harder for miners to repay the $4 billion in loans backing their equipment, there could be risks...

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Crypto Exchange FTX Looking to Add BlockFi Stake to Portfolio
Crypto Exchange FTX Looking to Add BlockFi Stake to Portfolio
June 24, 2022  |  Cryptocurrency

Cryptocurrency exchange FTX is in talks to acquire a stake in crypto lender BlockFi after giving it a $250 million credit line this week, people...

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Crypto Lender BlockFi Secures $250M Credit Line From FTX
Crypto Lender BlockFi Secures $250M Credit Line From FTX
June 21, 2022  |  Cryptocurrency

Cryptocurrency lending startup BlockFi secured a $250 million credit line with cryptocurrency exchange FTX to bolster its balance sheet and provide long-term stability. BlockFi CEO...

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Today in Crypto: TerraUSD Investors Sue Binance.US Over Losses; BlockFi to Lay Off 20% of Staff
Today in Crypto: TerraUSD Investors Sue Binance.US Over Losses; BlockFi to Lay Off 20% of...
June 13, 2022  |  Cryptocurrency

An investor in the doomed Terra blockchain ecosystem filed a federal lawsuit seeking class action status and naming, among defendants, Binance.US, Bloomberg reports. The plaintiff...

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Crypto Exchange Provider Ranking’s Triumvirate of Binance, Coinbase and Crypto.com Remain on Top
Crypto Exchange Provider Ranking’s Triumvirate of Binance, Coinbase and Crypto.com Remain on Top
May 24, 2022  |  Cryptocurrency

It’s probably worth pointing out that thanks to ties, there are now nine members of the top five cryptocurrency exchange providers in PYMNTS Cryptocurrency Exchange...

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Crypto Exchange Provider Ranking Shows Binance, Coinbase, Crypto.com Lead the Pack
Crypto Exchange Provider Ranking Shows Binance, Coinbase, Crypto.com Lead the Pack
April 08, 2022  |  Cryptocurrency

It’s far from surprising that the biggest cryptocurrency exchanges’ wallets score higher in PYMNTS Cryptocurrency Exchange Provider Ranking, but there does seem to be a...

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Crypto Exchange Provider Ranking Shifts Amid Platform Volatility
Crypto Exchange Provider Ranking Shifts Amid Platform Volatility
March 07, 2022  |  Cryptocurrency

It might be no surprise that amid the volatility that has been the hallmark of the cryptocurrency industry in the last few weeks, PYMNTS Provider...

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SEC’s New Top Cop: No Free Pass For Unregistered Crypto Lenders
SEC’s New Top Cop: No Free Pass For Unregistered Crypto Lenders
February 28, 2022  |  Cryptocurrency

The Securities and Exchange Commission isn’t about to give crypto lending firms a mulligan for what it says are securities law violations. That announcement, by...

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