News with the tag "blockfi"

In a significant move signaling continued expansion within the digital asset space, Galaxy Digital has onboarded Zac Prince, the former CEO and co-founder of BlockFi. This strategic hiring underscores Galaxy Digital’s commitment to broadening its crypto offerings and solidifying its position as a le...

Institution-focused digital asset technology and trading firm BlockFills is collaborating with CoinDesk Indices to launch options tied to the CoinDesk 20 Index (CD20). The CoinDesk 20 Index, which debuted a year ago, measures the performance of leading digital assets, catering to institutional deman...

Former CFTC Acting Chair Chris Giancarlo said he’s “already cleaned up earlier Gary Gensler mess,” shooting down speculation he’d replace the SEC Chair.

California revokes BlockFi’s license amid bankruptcy, Caroline Ellison is sentenced, Crypto.com faces scrutiny in Poland, and Senator Cynthia Lummis supports Trump’s Bitcoin reserve proposal.

The California Department of Financial Protection and Innovation (DFPI) has revoked Blockfi Lending LLC’s finance lending license for violations under California’s Financing Law (CFL). Blockfi agreed to the revocation and to halt certain practices deemed harmful, following an examination that reveal...

The California Department of Financial Protection and Innovation has permanently revoked BlockFi’s lending license following its bankruptcy and regulatory issues. BlockFi, a crypto lending platform, collapsed in 2022 amid financial troubles tied to the downfall of crypto exchange FTX. BlockFi…

Bankrupt and now defunct BlockFi has entered into a settlement agreeing to the license revocation and to cease unsafe practices.

Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday. “Blockfi received $250M in USDC from Coinbase Prime, bringing...

BlockFi has gained $250 in USDC through Coinbase Prime. The on-chain holdings of Block Fi now stand up to $300M. This raises the question if BlockFi will start repaying the creditors. Earlier in July, BlockFi had announced that it plans to return 100 percent of claims of the distressed clients. US-b...

US clients of BlockFi can expect to receive their 100% share of the eligible claim within the next 90 days. BlockFi international clients will have to wait longer due to