Tag: BlockFi

Iowa regulator orders BlockFi to pay $943K over alleged unregistered securities offering

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The Iowa Insurance Division, or IID, a regulator responsible for many securities sales in the state, has fined crypto lending firm BlockFi more than $943,000 after it allegedly offered and sold unregistered securities. In a Tuesday announcement, the state regulator said BlockFi had “offered and sold securities in Iowa that were not registered or permitted for sale in Iowa” in addition to not being registered as a broker-dealer or agent, in violation of the state’s Securities Act. The IID ordered BlockFi to pay $943,396.22 as an administrative fine as well…

Crypto Lending Company Blockfi Cuts Staff by 20% – Bitcoin News

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On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince and Flori Marquez follows a slew of well known crypto firms cutting back employees due to the bear market. Blockfi to Lay off ‘Roughly 20%’ of Its Workforce Digital currency values are not that hot these days, and the crypto economy slipped below the $1 trillion region on June 13. The…

BlockFi Valuation Sinks to $1B in Latest Funding Round: Report

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Will BlockFi, Ledn and Nexo rates trend lower?

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Generating a yield on crypto is increasingly tricky. The Terra ecosystem implosion — where up to $50 billion was wiped out — led to a decline in decentralized finance (DeFi) protocols offering interest. At the other end of the table, centralized finance, or CeFi, where all processes are rooted through a central body, has endured a comparatively peaceful bear market, yet interest rates are trending down. On the first of the month, investors who have an account with a CeFi provider such as Ledn, Celsius, BlockFi or Nexo generally receive emails detailing…

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HubSpot Hack Results In Data Breach Of Major Companies Like Circle And BlockFi

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HubSpot is a popular CRM tool that many companies use to store their users’ details, such as phone numbers, names, email addresses, etc. These companies use the information they collect to facilitate their marketing attempts. They also use them to monitor the success of their marketing campaigns. So, it’s not surprising that hackers will target the tool because they need those personal details to perpetrate all kinds of exploits targeting those users whose details they have. Related Reading | LUNA Sees 17% Loss In One Week, UST De-Peg Rumors Affect Its…