Tag: BlockFi

BlockFi Co-Founder Sees Huge Growth And FOMO For Crypto In 2022

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Co-founder of BlockFi and senior vice president of operations, Flori Marquez, shared the company’s insight on collected customers’ data and shed some light on the crypto industry’s growth as they have seen “huge moves” of Americans interested in it, suggesting a burgeoning adoption. During an interview with Yahoo Finance, Flori Marquez shared some interesting numbers. In the year over year Bitcoin returned 112%, and compared to gold and S&P respectively, she said, “that’s a negative 4% and 24%.” So, year over year, it has been volatile in the last 30…

FOMO will drive crypto adoption in 2022, says BlockFi co-founder

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Flori Marquez, the co-founder of cryptocurrency custodian BlockFi, said that upward price action, new talent and regulatory clarity will combine to create a bubbling FOMO atmosphere for crypto adoption in 2022. In an interview with Yahoo Finance on Friday, Marquez also shared insights regarding industry growth in 2021. Marquez suggested that crypto has become “more digestible” for the average consumer than it was back in 2016. She explained that other significant drivers for growth in 2022 will be the wealth of skilled experts coming to work in the crypto industry and regulatory clarity.…

Crypto FOMO Will Be Huge Investment Driver, Regulatory Clarity Expected in 2022, Says Blockfi Executive – Markets and Prices Bitcoin News

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An executive with Blockfi says that “this year has been a huge year for mainstream consumer demand into crypto.” Noting that fear of missing out (FOMO) will be a huge driver for investors, the executive expects some regulatory clarity next year. Crypto FOMO Will Drive Investments in 2022 Flori Marquez, Blockfi’s co-founder and senior vice president of operations, discussed the future outlook for cryptocurrency going into 2022 in an interview with Yahoo Finance Live Friday. Founded in 2017, Blockfi was created to provide credit services to markets with limited access…

BlockFi Ends Free Withdrawals for Some Coins, Citing High Ethereum Network Costs

CryptoX – Cryptocurrency Analysis and News Portal BlockFi said in a Twitter post that the move will apply to ethereum, chainlink, PAXG, uniswap and BAT. As for bitcoin, litecoin and stablecoins, BlockFi noted that customers will continue receiving one free withdrawal per month. Additional withdrawals beyond that will incur fees that will vary by coin. Source The post BlockFi Ends Free Withdrawals for Some Coins, Citing High Ethereum Network Costs appeared first on CryptoX. CryptoX Portal

Bitcoin Mining Stocks: Thrusters Initiated! $RIOT, $MARA, $BITF, $BTBT and Bitcoin Price Analysis

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BlockFi Filed For The Coveted Spot Bitcoin ETF With The SEC

Will BlockFi be the one? The rumors are flying, apparently, the U.S. Securities and Exchange Commission will approve a spot Bitcoin ETF soon. With that in mind, the news that crypto lending platform and investment service BlockFi just filed to get one approved was met with suspicion and excitement by the Bitcoin community. Unlike the Bitcoin Futures ETF, a spot one will require the company sponsoring it to buy a huge amount of Bitcoin. This will definitely affect the price. However… BlockFi? Related Reading | Bitcoin Futures ETF Exceeds Expectations,…

BlockFi files for physically-backed Bitcoin ETF

Cryptocurrency lending firm BlockFi has filed paperwork with the United States Securities and Exchange Commission, or SEC, to launch a physically-backed Bitcoin exchange-traded fund, kicking off what’s expected to be a big week for the crypto markets The Form S-1 filing for BlockFi NB Bitcoin ETF was submitted to the SEC on Nov. 8, according to official documents. The filing states that BlockFi will serve as custodian and that the ETF’s investment objective is to reflect the underlying performance of Bitcoin as opposed to any futures or derivatives benchmark. The…

BlockFi, Neuberger Berman File for Spot Bitcoin ETF

A joint venture between crypto lender BlockFi and investment management firm Neuberger Berman filed for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission. Notably, the BlockFi NB Bitcoin ETF would offer shares reflecting the spot value of bitcoin held by the trust. Shares issued by the trust would trade on the New York Stock Exchange and provide direct exposure to the leading cryptocurrency. The filing differs from a filing BlockFi made last month to offer a bitcoin futures ETF, which would only invest in futures contracts…

BlockFi partners with Neuberger Berman to launch crypto ETFs

Crypto lending firm BlockFi has formed a business with New York-based investment management company Neuberger Berman for the development and distribution of crypto products including exchange-traded funds. In an Oct. 25 announcement, BlockFi said the joint venture, BlockFi | nb, expects to “launch crypto asset management products, including ETFs and other traditional structures,” giving investors exposure to crypto in their brokerage accounts. According to the two firms, the partnership will combine BlockFi’s retail and institutional crypto solutions with Neuberger Berman’s suite of crypto strategies. “We are witnessing a significant shift…