Tag: Blockfills

Crypto Lender BlockFills Paused Withdrawals Amid Market Fall

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Institution-focused crypto lending platform BlockFills announced it halted customer deposits and withdrawals last week as Bitcoin and the broader crypto market continued to tumble.  The suspension, which remains in effect, was intended to protect clients and restore liquidity on the platform, BlockFills said in an X post on Wednesday. Last week’s market tumble saw Bitcoin fall another 24% from $78,995 to $60,000. Blockfills said the withdrawal and deposit halt came “in light of recent market and financial conditions.” “Management has been working hand in hand with investors and clients to…

Blockfills Suspends Withdrawals While Bitcoin Tests Lower Levels

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Several reports say that Blockfills, a Susquehanna-backed crypto trading and lending firm, has temporarily suspended client deposits and withdrawals as bitcoin hovered near $66,500 after tapping an intraday low of $65,719 earlier in the session. The Chicago-based firm reportedly informed clients last week that it would pause deposits and withdrawals to safeguard assets during heightened […] Original

Crypto Tech Firm BlockFills to Offer ESG Credits to Miners

Elliot David, head of strategy and partnerships at Sustainable Bitcoin Protocol, a company that is developing an on-chain product for miners looking to certify their energy use, said that “unless a miner is holding the RECs attributed to their power consumption, they can’t technically claim that they’re using clean energy. As a result, we’ve seen miners take a wide range of existing approaches” from nothing at all to buying high-quality RECs. Source

Trading Technology Provider BlockFills Raises $37M For Expansion

BlockFills, a Chicago-based digital asset trading technology company, has raised $37 million in Series A round to fuel its expansion plans. The funding round was led by a number of institutional investors like Susquehanna Private Equity, CME Ventures, Simplex Ventures, C6E, Nexo Inc, and others. BlockFills aims to be a one-stop shop for financial institutions that wish to develop a digital asset trading business. While institutions will be increasingly looking to offer digital asset services, many might not have the technical infrastructure needed to do so, which is what BlockFills…

BlockFills raises $37 million to support global expansion

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BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round. Institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., led the round. Since its inception in 2018, the firm has received a total of $44 million from institutional investors in two funding rounds. We’re excited to announce the successful close of our Series A #funding round totaling $37 million! See how this funding will support our global expansion and…