BlockFi is pleased to announce that it has raised $18.3 million in Series A funding led by Valar Ventures with participation from Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, Avon Ventures, Susquehanna, CMT Digital, Morgan Creek and PJC. The capital will be used to add new products to BlockFi’s existing platform, which includes interest-earningRead more
Blog
Providing insights into the crypto market and secure blockchain lending.
2 August, 2019
BlockFi is excited to announce that it has completed the second ever “Exchange for Physical” (EFP) bitcoin transaction with XBTO, facilitated by ED&F Man Capital Markets Inc. In September 2018, BlockFi became a pioneer in the institutional lending markets for bitcoin by offering one of the first bitcoin financing transactions structured under the ISDA/CSA documentationRead more
23 July, 2019
Asset Growth – General State of the Business Equity markets typically experience a summer slowdown. In stark contrast, July was a colorful month for crypto. While the price of Bitcoin has remained relatively unchanged on a month-over-month basis, much has happened in the 4 weeks spanning July. Notably, the Treasury Secretary issued a statement onRead more
16 July, 2019
BlockFi is devoted to offering institutional quality products and services that enable clients to build their wealth. Building wealth comes with the responsibility of safeguarding capital and BlockFi’s withdrawal process was designed to enhance security. BlockFi has processed nearly $120M in withdrawals of Bitcoin and Ether since launching the BlockFi Interest Account based on currentRead more
26 June, 2019
As the first half of 2019 comes to a close, we can safely say that the blockchain sector has continued to be magnetic. Even in the last 30 days, we’ve seen meaningful development across the industry. On the retail side, crypto adoption continues to grow, with Facebook announcing plans to release their own Libra tokenRead more
25 June, 2019
We’re thrilled to announce a partnership with Casa. Casa offers the leading personal key system that allows crypto holders to securely store their own assets. At BlockFi, we believe that each crypto investor should find the proper balance of risk and security. The BlockFi and Casa partnership allows BlockFi clients to have access to bothRead more
18 June, 2019
2019 has been the year of #stackingsats. From earning cash-back to earning interest in a BlockFi Interest Account (BIA), crypto investors have more options than ever to start earning more crypto. In May we discussed the main points about how the crypto lending market works. In May we saw that CME Bitcoin Futures Volume hitRead more
6 June, 2019
Crypto-backed loans are one of the most popular tools in the crypto ecosystem. Not only are they available at rates that beat many traditional funding options, they provide crypto investors with a way to access the value of their crypto without having to sell. Structured just like any other collateralized loan, borrowers stake their cryptoRead more
29 May, 2019
Today we’re excited to announce the launch of Gemini Dollar (GUSD) stablecoin support throughout our platform. BlockFi Interest Account (BIA) clients based outside the U.S. can now earn up to 6.2% APY, earned monthly in GUSD. BIA launched in March 2019 and is currently paying interest on over $100M in BTC and ETH balances heldRead more
21 May, 2019
May has been a fantastic month for the crypto ecosystem. We’ve seen the presumed end to the bear market. Bitcoin has had some very exciting upward price action. And thousands of serious crypto fans, traders, and entrepreneurs descended on NYC to attend the 2019 Blockchain Week. To top it off, the BlockFi Interest Account nowRead more
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