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

Crypto Lender Nexo Stops Interest on New Deposits
Crypto Lender Nexo Stops Interest on New Deposits
February 20, 2022  |  Cryptocurrency

Nexo, a crypto lender, has stopped paying interest on new deposits, Bloomberg reported Friday (Feb. 18), and is now planning to offer a new product....

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FCA: Crypto Products Less Regulated in UK Than in US
FCA: Crypto Products Less Regulated in UK Than in US
February 18, 2022  |  Cryptocurrency

Last week was an expensive one for BlockFi. The New Jersey-based cryptocurrency lender was fined $100 million by the U.S. Securities and Exchange Commission (SEC)...

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BlockFi’s $100 Million Settlement With SEC Raises Internal Discussion 
BlockFi’s $100 Million Settlement With SEC Raises Internal Discussion 
February 15, 2022  |  Cryptocurrency

The Securities and Exchange Commission (SEC) charged BlockFi with failing to register the offers and sales of its retail crypto lending product on Monday (Feb....

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Today in Crypto: BlockFi Could Pay $100M to SEC to Settle Case; Crypto Now Part of Divorce Settlements
Today in Crypto: BlockFi Could Pay $100M to SEC to Settle Case; Crypto Now Part...
February 13, 2022  |  Cryptocurrency

Crypto lender BlockFi will pay $100 million in a Securities and Exchange Commission settlement over a probe into selling unregistered securities, Bloomberg reported Friday (Feb....

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New Cryptocurrency Provider Ranking Finds Healthy Sector Getting More Fit
New Cryptocurrency Provider Ranking Finds Healthy Sector Getting More Fit
January 10, 2022  |  Cryptocurrency

It’s going to happen. In fact, it is happening. The crypto-volution. We know it’s speculative and there’s some risk involved, but we might as well...

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BlockFi in SEC Crosshairs for High-Yield Crypto Accounts
BlockFi in SEC Crosshairs for High-Yield Crypto Accounts
November 17, 2021  |  Regulation

The U.S. Securities and Exchange Commission (SEC) are looking into BlockFi Inc. and its product that pays its customers high interest rates for lending their...

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Bitcoin Daily: Bakkt, AGM Get More Into Crypto; Crypterium Eyes US Expansion; BlockFi, Neuberger Berman File for Bitcoin ETF
Bitcoin Daily: Bakkt, AGM Get More Into Crypto; Crypterium Eyes US Expansion; BlockFi, Neuberger Berman...
November 08, 2021  |  Bitcoin

More businesses are accepting cryptocurrencies, including Bakkt Holdings as of last week, according to a press release. Bakkt said it will allow for the buying,...

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Bitcoin Daily: Sao Paulo, Brazil Police Seize $33M In Alleged Crypto Fraud Scheme; Three US States Probe BlockFi’s Crypto Accounts
Bitcoin Daily: Sao Paulo, Brazil Police Seize $33M In Alleged Crypto Fraud Scheme; Three US...
July 25, 2021  |  Bitcoin

Brazilian police have seized $33 million reportedly from a money laundering scheme involving cryptocurrencies, according to a press release from police in São Paulo. The...

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Bitcoin Daily: Jomashop, BitPay Team On Crypto Payments; Crypto Lender BlockFi Sent $10M In Bitcoin To User By Mistake
Bitcoin Daily: Jomashop, BitPay Team On Crypto Payments; Crypto Lender BlockFi Sent $10M In Bitcoin...
May 19, 2021  |  Bitcoin

BitPay, which works as a provider of bitcoin services, has rolled out crypto payments with Jomashop, an authentic luxury goods maker, according to a press...

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