blockfi News and Articles

BlockFi announced a staff cut of more than 850 employees by about 20%. The founders of the company, Zack Prince and Flory Marquez, noted that since the first quarter of 2022, the macroeconomic environment has changed dramatically and there has been a decline in the stock and cryptocurrency markets....

Crypto financial operations enterprise BlockFi issued its BTC returns credit card. The initiative of the card was first mentioned at the end of 2020. At that time, the waiting list was opened. Currently, the process of approving customers from the list has begun. BlockFi's card offers users to...

Crypto management platform BlockFi sent users large sums in Bitcoin by mistake. The payments were thought to be done in terms of a promotion that rewarded users with bonuses in USD stablecoins. The promotional period lasted from March 18 to 31 and the rewards were to be transferred to people's...

California-based financial entity Visa will bring out a new credit card that will provide BTC rewards to holders at the beginning of 2021. This became possible due to cooperation with lending protocol BlockFi for "Bitcoin Rewards Visa Credit Card," which yearly fee is $200. Shoppers will...

BlockFi's crypto lending platform has raised $50M in investment led by Morgan Creek Digital. Other investors include CMT Digital, Winklevoss Capital, Castle Island Ventures, Valar Ventures, and two university funds. The organization gathered funds at a $400M valuation. BlockFi CEO Zac Prince said...

A crypto loaning company BlockFi added Litecoin and USD Coin to its supported assets. It'll allow the users to buy, sell, and get credits backed by the currencies. Zac Prince, the CEO of this startup said, that during this year, their organization aims to add 5-10 new assets, including LTC and...