This week’s temporary closure of registrations for crypto lending and borrowing app BlockFi was due to an attack by a “malicious actor” according to Forbes. According to employees of the company, a single attacker began the registration process for more 1,000 fake accounts on Mar. 7, using email addresses belonging to real users. The attacker entered “vulgar and racist” terms as the first and last names for the fake accounts which resulted in about 500 emails containing offensive language being sent out automatically before BlockFi caught on to the problem…
Tag: BlockFi
Chainlink Paints Golden Cross as BlockFi Announces LINK Support
A golden cross formed on the Chainlink (LINK) four-hour chart a week after its price crashed by almost 45 percent from its record high of $37.07, signaling a bullish revival for the world’s ninth-largest cryptocurrency by market capitalization. In retrospect, a golden cross appears when an asset’s short-term moving average crosses above its long-term moving average. Ideally, traders treat a crossover between a 50-day MA and 200-day MA as the benchmark indicator to determine their bullish bias. Meanwhile, when an asset’s 20-period MA closes above its 50-period MA, it signals…
BlockFi clients earn record interest payments in February
Crypto lending firm BlockFi posted another record-breaking month in February, paying out over $35 million in interest to its clients. The interest payments were comprised of 450 in Bitcoin (BTC), 5,000 in Ethereum (ETH) and 6 million in stablecoins, CEO Zac Prince said. Another record breaking month of interest payments for @BlockFi clients in Feb. Over 35M in interest paid including: >450 #btc >5,000 #eth >6M in stablecoins Thank you and let’s keep going! — Zac Prince (@BlockFiZac) March 1, 2021 Clients of BlockFi are able to earn interest on…
Coinbase and Blockfi Explained
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase Referral Link – Blockfi Referral Link – ProfitMakers.trade is not a registered investment, legal or tax advisor or a broker/dealer. All tax/investment/financial opinions expressed by ProfitMakers.trade are from the personal research and experience of the individuals contributing on the content and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended error and misprints may occur. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
BlockFi Boosted Grayscale Bitcoin Trust Holdings by 11.9M Shares, Now Holds $1.7B GBTC
The disclosure comes as BlockFi prepares to launch a competitor bitcoin trust product. Original
Lending Firm BlockFi Launches Bitcoin Trust
Crypto lending platform BlockFi has revealed the launch of its Bitcoin Trust. This was revealed in a press release on Tuesday and signaled the next phase for the lending platform. Bitcoin Trust Added By BlockFi BlockFi had registered the bitcoin trust with the Securities and Exchange Commission (SEC) in January, according to a public filing. This was after it had fulfilled the requirements from the regulatory body. According to the report, the Fidelity Digital Assets will hold the custody of the bitcoins represented with the Trust. Fidelity Digital Asset is…
Crypto Lender BlockFi Launches Bitcoin Trust
BlockFi’s annual fee falls 0.25% below what industry leader Grayscale Bitcoin Trust (GBTC) charges investors as BlockFi aims to compete with GBTC for the top spot. BlockFi, the crypto lender and financial services firm, announced on February 9 it has launched a Bitcoin trust managed by BlockFi Management LLC, a wholly-owned subsidiary of BlockFi. BlockFi Management LLC as a sponsor will charge a fee of 1.75% and BTC held in BlockFi’s trust will be custodied by Fidelity Digital Assets Services LLC via an enterprise-grade custody solution purpose-built for institutional investments. According…
Crypto Financial Services Firm Blockfi Launches Competitive Bitcoin Trust – Bitcoin News
The cryptocurrency financial services firm Blockfi has launched a bitcoin-based trust that offers custody from Fidelity Digital Asset Services. Blockfi’s investment vehicle aims to give investors exposure to the leading crypto asset as bitcoin assets under management (AUM) was over $29 million on February 8, 2021. Blockfi Launches a Competitive Bitcoin Trust With a Sponsor Fee of 1.75% On Tuesday, the lender and financial services company Blockfi launched its bitcoin trust as it is managed by Blockfi Management LLC, a wholly-owned subsidiary of Blockfi. The trust will charge a sponsor…
Why Did Bitcoin Plunge? |Crypto Market Crash |Binance Gets Unbanned | Cryptocurrency News |Coinpedia
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today’s Top Cryptocurrency News 1. Bitcoin is Down 22% From All-Time High as Price Dips 2. Ethereum Price High Collapses as Crypto Markets Crash 3. Binance Gets Officially Unbanned in Russia 4. BlockFi Adds Bitcoin Trading Desk for Big Investors Timestamp 0:00 Coinpedia Fintech News 0:20 Bitcoin is Down By 22% 1:08 Ethereum Plunge As Crypto Market Crash 1:59 Binance Gets Officially Unbanned in Russia 2:32 BlockFi Adds Bitcoin Trading Desk for Big Investors About Coinpedia.org Coinpedia.org is a leading Blockchain and…
Crypto Lender BlockFi Registers Bitcoin Trust With SEC
BlockFi, a major hub for crypto lending, appears to be increasing its courting of institutional bitcoin bets through a new bitcoin trust product. The trust, revealed in Friday regulatory filings, could put BlockFi in direct competition with Grayscale for bitcoin-friendly Wall Street investors’ attention and dollars. Grayscale’s own bitcoin trust is one of the single-largest bitcoin investment vehicles on the market. CoinDesk parent company Digital Currency Group also owns Grayscale. The “BlockFi Bitcoin Trust” has yet to raise any money from investors, according to its U.S. Securities and Exchange Commission…