2023-3-11 15:13 |
BlockFi has been warned by the bankruptcy trustee that the $227m the company has in Silicon Valley Bank (SVB) may go against bankruptcy laws origin »
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Bankrupt crypto lender BlockFi has revealed a $227 million exposure to Silicon Valley Bank. BlockFi's deposits are not insured by the FDIC since they were invested in a money mutual market fundThe post Bankrupt crypto lender BlockFi reveals $227M exposure to Silicon Valley Bank appeared first on AMBCrypto.
2023-3-11 11:32 | |
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California-based Silicon Valley Bank (SVB), a unit of SVB Financial Group, has been shut down, according to an announcement from financial regulators on March 10. The post Circle, BlockFi may have exposure to Silicon Valley Bank; other firms deny exposure appeared first on CryptoSlate.
2023-3-11 02:20 | |
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The bank is discontinuing its crypto payment network, claiming the termination is a risk-based decision.
2023-3-6 19:02 | |
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Silvergate Bank has been ordered to return $9. 85 million to BlockFi as part of the latter firm’s ongoing bankruptcy proceedings, according to a March 3 filing. The post Silvergate to return $9.
2023-3-4 01:20 | |
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Silvergate bank has defended itself against allegations that it could be facing a liquidity crunch due to its close relationship with cash-beleaguered crypto exchange FTX and lending firm BlockFi.
2022-12-7 00:32 | |
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The bank's shares closed down 11% to $25.90 on Monday, after BlockFi bankruptcy filing.
2022-11-29 03:25 | |
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The bank's shares closed down 11% to $25.90 on Monday, after BlockFi bankruptcy filing.
2022-11-30 03:25 | |
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The fallout from the FTX saga continued over the weekend and into Monday with little sign of slowing. FTX Breaks Off Visa Partnership Visa has ended its partnership with FTX....
2022-11-15 02:36 | |
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The US Securities and Exchange Commission (SEC) is now scrutinizing crypto lender BlockFi over its yield generating account that offers as much as 9. 5% annual yield, which dwarfs the 0. 06% average interest rate for bank savings accounts.
2021-11-18 16:45 | |
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The New Jersey Bureau of Securities has filed a cease and desist order against cryptocurrency lending company BlockFi, prohibiting it from accepting new clients for the firm’s Interest Account service in the corresponding jurisdiction.
2021-7-20 19:00 | |
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BlockFi, one of the leading crypto lenders, raised the mammoth amount in a recent Series D round. The post Crypto bank BlockFi reaches $3 billion valuation after $350m raise appeared first on CryptoSlate.
2021-3-12 03:30 | |
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You can now receive 1.5% cashback in bitcoin for purchases through a new credit card by BlockFi in partnership with Visa, Evolve Bank and credit card company Deserve. “We’re excited...
2020-12-2 13:55 | |
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The crypto lending platform has hired banking veteran Jonathan Mayers as general counsel in a bid to stay ahead of the regulatory curve.
2020-7-17 11:01 | |
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BlockFi has announced today it is supporting cash transfers on its platform. BlockFi Ushers in Fiat On-Ramp Weeks after the company’s $30 million Series B funding round led by Valar...The post BlockFi Gets Fiat On-Ramp Serviced by “Crypto Bank” Silvergate appeared first on Crypto Briefing.
2020-3-10 16:00 | |
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Cryptocurrency-fueled interest-bearing financial products from BlockFi and others are being compared to bank accounts. However, this comparison is dangerous. Would you put your entire savings in a high-interest financial product that uses the blockchain? While the idea may sound enticing, we cannot forget it’s still very risky.
2020-3-8 19:16 | |
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The dream of cryptocurrencies replacing bank just got a step closer. This Tuesday BlockFi has launched a crypto deposit account that provides compound interest. The BlockFi Interest Account (BIA) is now live and gives customers an annual interest rate of 6 percent, paid on a monthly basis in cryptocurrency. That monthly interest is then compounded […]
2019-3-7 18:19 | |
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BlockFi has seen support from major investors for their crypto opportunities, like Novogratz’s Galaxy Digital. With $52. 5 million in support from these investors, they have been able to launch a product like none other – the option to gain 6.
2019-3-7 17:52 | |
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Crypto-to-USD lender BlockFi has announced that it will support loans backed by both Litecoin and Gemini’s recent stablecoin token GUSD. This is the first time the company is expanding to accept collateral in one of the crypto industry’s top-10 assets besides bitcoin and ether.
2018-10-16 16:07 | |
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The merchant bank belonging to billionaire and Bitcoin bull Mike Novogratz, Galaxy, has led a $52. 5 million dollar fundraising round for New York-based crypto-lender BlockFi. BlockFi allows investors to borrow as much as $10 million dollars in fiat currencies against their balances of Bitcoin or Ethereum.
2018-7-26 07:11 | |
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Crypto-focused merchant bank Galaxy Digital has recently led a $52.5 million fundraising round for crypto-lending firm BlockFi, according a blog post by the company July 24. Galaxy Digital CEO and founder Mike Novogratz confirmed in a tweet that he is, “excited to get into the crypto lending business.” With the new round of investment, the
2018-7-25 09:26 | |
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Mike Novogratz’s merchant bank Galaxy Digital led a $52.5 million fundraising round for crypto-lending firm BlockFi
2018-7-25 06:42 | |
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The merchant bank belonging to billionaire and Bitcoin bull Mike Novogratz, Galaxy, has led a $52. 5 million dollar fundraising round for New York-based crypto-lender BlockFi. BlockFi allows investors to borrow as much as $10 million dollars in fiat currencies against their balances of Bitcoin or Ethereum.
2018-7-25 04:27 | |
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SkyBridge Capital, led by Anthony Scaramucci, is among the frontrunners bidding for Silicon Valley Bank’s VC arm, with a sale foreseen in the coming weeks. SVB Financial Group, once the umbrella organization for Silicon Valley Bank, is reportedly nearing the…
Consistent with the volatile nature of the cryptocurrency market, the Bitcoin (BTC) price has been experiencing a string of fluctuations in the past few weeks. Despite the renewed optimism, thanks to Grayscale’s recent victory against the United States Securities and Exchange Commission (SEC), the price of the premier cryptocurrency has failed to stay above the […]
Tether’s reported new partnership with Britannia Bank makes it the third Bahamas-based bank to join forces with the stablecoin issuer.
Crypto-related firms, Circle and Sequoia, were among the top five depositors at the failed Silicon Valley Bank. The post Silicon Valley Bank Crisis: Feds Backstop Saves Circle and Sequoia $4B appeared first on BeInCrypto.
A recent report by Bloomberg states that Circle, the issuer of the USDC stablecoin, emerged as a primary recipient of support from the government-backed rescue of Silicon Valley Bank (SVB).
The FDIC guarantee included over $3.3 billion the USDC stablecoin issuer held at the lender.
Goldman Sachs is currently under investigation by federal regulators for its involvement in the acquisition of Silicon Valley Bank’s securities portfolio while simultaneously providing advisory services to the struggling lender regarding capital raising, prior to its subsequent collapse this year.