Blog

Today BlockFi is announcing that it supports Paxos Standard (PAX). PAX will be supported by BlockFi’s BlockFi Interest Account (BIA), allowing crypto investors to earn monthly compounding interest, with an initial annual percentage yield (APY) of 8.6%.  PAX is the third stablecoin that BlockFi has added support for (the platform also supports Gemini Dollar (GUSD)Read more

As families, communities, industries, and markets continue to grapple with our current public health climate, we wanted to share an update regarding BlockFi’s operations throughout the present period of high volatility.  Read on for details on our operational performance during this past week, and our plan of action as we move forward. Our Rates OurRead more

Given the current dynamic market and public health considerations, I wanted to share a note about how we are managing the current environment at BlockFi. Our business is very strong and continues to grow. Earlier this week we successfully launched the ability to directly transfer cash to BlockFi. We remain focused on delivering the bestRead more

We’re excited to announce a new product feature: the ability to send cash via wire. This marks the first time that you can use our services without ever having purchased crypto before. Starting today, you can send USD wires to the platform to purchase stablecoin, and begin earning up to 8.6% on USD-denominated assets.  WiresRead more

February has been a huge month for us with one particularly large announcement: we raised a $30M Series B and were featured across major media channels. We’re thrilled at the opportunity to reach more people with our products. We’re making updates to our BTC and ETH rates, which will go into effect March 1, 2020.Read more

Six months after raising an $18.3M Series A, BlockFi continues charting rapid growth and expansion into 2020 BlockFi announced today that it has raised $30 million in Series B funding led by Valar Ventures. Other participating investors include Morgan Creek Digital, PJC, Akuna Capital, CMT Digital, Avon Ventures, Castle Island Ventures, Purple Arch Ventures, KeneticRead more

January has been a great start to 2020. We started the year by adding support for USDC and Litecoin, receiving Money Transmitter Licenses (MTLs) in Alabama and New Hampshire, and more. To provide further accessibility to our clients, we’ve decided to extend our one free withdrawal per month policy. Clients will now receive one freeRead more

BlockFi does not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only and is not intended to provide, nor should be relied on for, tax, legal or accounting advice. You should always consult your own tax, legal, and accounting advisors before engaging in any transaction. Figuring out how toRead more

Thank you for being a part of the BlockFi community. We launched the interest account in February of 2019 with a 6.2% APY on Bitcoin that stayed the same for an entire year. Aside from rates, one thing we are very proud of is that we have maintained an incredibly high level of client serviceRead more

Our CEO and Founder Zac Prince recently sat down with BlockFi’s Chief Risk Officer Rene van Kesteren to talk about how BlockFi approaches providing world class service in the most secure way possible. Key takeaways: Before joining BlockFi, Rene was a Managing Director at Bank of America for 13 years and managed a team ofRead more