Tag: BlockFi

eToro, BlockFi & Nexo capitalize on Brave ads for ‘unmatched engagement’

boss

According to Brave browser, businesses like eToro, BlockFi, and Nexo have achieved unprecedented results by advertising to the platform’s users. Considering the popularity of Brave within the crypto community, this does not come as a surprise. For instance, the crypto-lending platform BlockFi was able to reduce its customer acquisition costs by 75% with Brave ads. The campaign was also twice as effective as a Google campaign in terms of the percent of respondents who opened accounts. BlockFi’s marketing manager Nick Ries was quoted as saying: “Brave has proven to be one…

Bitcoin Lending Startup BlockFi Pulls $50 Million in New Funding

boss

BlockFi has managed to attract new funding from investors. At the moment, BlockFi has $1.5 billion in crypto assets on its lending platform and is producing a little less than $10 million per month in revenue. New York-based Bitcoin lending firm, BlockFi announced on August 20 that it has raised $50 million in a new funding round led by Anthony Pompliano’s Morgan Creek Digital. The funding round also saw other participating investors including Valar Venture which led BlockFi’s Series A and B rounds, as well as CMT Digital, Castle Island…

Crypto Lender BlockFi Could Go for IPO in Second Half of 2021

boss

BlockFi is on the hunt for a chief financial officer. The new hire could help bring the company public as early as the second half of 2021, CEO Zac Prince confirmed. It seems that famous crypto lender BlockFi is looking to hire an experienced corporate financial professional to launch a possible initial public offering (IPO) next year. According to a recent job posting, the company is looking for a chief financial officer with more than 15 years of experience in corporate finance. The person has to have a strong background…

World’s Second Largest Bitcoin Mining Wants to Lend you Bitcoin, Partners with BlockFi

boss

China’s Poolin is bolstering its cryptocurrency lending business. The firm announced a partnership with BlockFi, the U.S.-based lending firm late on June 2, 2020.  Bitcoin Liquidity for Miners As reported on Coindesk, Poolin’s mining business will now expand to include more lending and financial services. New York’s BlockFi will act as an “interbank lender,” proving much-needed liquidity to facilitate lending and serve as a capital source for Poolin.  Poolin, which runs mining pools across China and other locations, first offered crypto lending services in February 2020 via its Singapore-owned wallet…

Bitcoin Mining Pool Poolin Partners With BlockFi to Expand Crypto Lending Service

boss

Poolin, the second largest bitcoin mining pool, is expanding its cryptocurrency lending and financial services businesses. The pool announced Monday that it has started working with U.S.-based crypto lender BlockFi, which will be acting like an interbank lender, providing a source of capital for Poolin. The firm initially rolled out crypto lending offerings in February via its Singapore-registered wallet entity, Blockin. With more capital now available, Poolin will be able to extend the business to more miner customers, offering annualized interest at levels that can be below 6%. Miners that…

Blockchain Bites: BlockFi Hacked, Block.one Sued, BitMEX Down

boss

Today, BlockFi disclosed a SIM-swapping attack that revealed personal information related to a large swath of the firm’s clients. While customer funds are secure, BlockFi said, their names and addresses were compromised along with their activity histories. This security breach comes on the heels of a cryptojacking exploit targeting European supercomputers researching COVID-19. Elsewhere, class-action lawsuits have been brought against Block.one and chip-maker Nvidia, while the little-known firm BMA is suing BitMEX for allegedly orchestrating the largest financial crime in American history. Here’s the story: You’re reading Blockchain Bites, the daily…

Blockchain Bites: Coinbase and BlockFi Do Some Major Hiring, Tron Gets Coronavirus Relief

boss

Justin Sun’s Tron platform successfully applied for a $2 million pandemic relief loan intended for small businesses. Coinbase has scooped up employees from the now-defunct TokenAnylist startup while BlockFi has poached two executives from Credit Suisse and American Express to join its lending firm. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CryptoX’s newsletters here.  Top Shelf Transaction Throttling BitMEX’s daily broadcast of transactions may be spiking Bitcoin fees. The exchange…

Blockchain Bites: Coinbase and BlockFi Make Big Hires, Tron Said to Get Coronavirus Relief

boss

UPDATE (May 6, 17:50 UTC): This article has been updated to clarify that the claim about Tron receiving a pandemic relief loan originated from the project’s Chinese social media channels, and to include a statement from a Tron spokesperson in the U.S. Justin Sun’s Tron platform claimed to have received a $2 million pandemic relief loan intended for small businesses. Coinbase has scooped up employees from the now-defunct TokenAnylist startup while BlockFi has poached two executives from Credit Suisse and American Express to join its lending firm. Here’s the story:…