BlockFi


Videos

What Does Celsius Network Want to Do With the Newly Raised $400M Amid Regulatory Scrutiny?

Cryptocurrency lender Celsius Network has raised $400 million in equity funding in a move to reassure lawmakers of the credibility of its business. Last month, the network received a cease-and-desist order from Kentucky’s securities regulator over interest earned on certain crypto accounts, following similar orders against its competitor BlockFi.

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Policy

BlockFi Files for Bitcoin Futures ETF

The fund would only invest in bitcoin futures contracts traded on the CME.

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Finance

BlockFi Gets Another Extension From NJ Regulators on New Interest Accounts Ban

An order prohibiting the crypto lender from creating new interest-bearing accounts has now been postponed for the third time to Dec. 1.

BlockFi app

Policy

Nexo Co-Founder Details Crypto Lender’s Plan to Stay Out of Regulators’ Crosshairs

Nexo wants to avoid the fate of BlockFi and Celsius, which are under investigation by U.S. state regulators.

Nexo co-founder Antoni Trenchev speaks at Consensus 2019. (CoinDesk archives)

Finance

Celsius CEO Eager to ‘Educate’ Securities Regulators in Brewing Legal Fight

In an AMA Friday, Celsius CEO Alex Mashinsky said the crypto lender was ready to work with regulators.

Celsius CEO Alex Mashinsky (CoinDesk archives)

Policy

New Jersey Piles On: Crypto Lender Celsius Hit With 2 Securities Actions in 1 Day

The Garden State is joining Texas in taking Celsius to task.

Celsius CEO Alex Mashinsky

Videos

Texas Securities Regulator Adds Celsius to Its Crypto Lending Crosshairs

The Texas State Securities Board (TSSB) is cracking down on Celsius with an allegation of offering interest-bearing crypto deposits to be unregistered securities. It ordered the crypto lending startup to appear before a hearing in February 2022, where a cease-and-desist order will be considered. Texas has already issued a similar warning to BlockFi. "The Hash" panel discusses the implications for Celsius facing regulatory pressure in Texas in the latest sign of U.S. watchdogs’ growing scrutiny of the booming crypto lending industry.

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Videos

BlockFi CEO Wants SEC to Weigh in on Crypto Lending

Zac Prince, CEO of prominent crypto lending firm BlockFi, voiced optimism that the crypto lending industry will survive despite ongoing regulatory crackdowns but said it would ultimately need a word from the feds. This comes as BlockFi's interest-bearing crypto account has come under regulatory scrutiny in at least five U.S. states. "The Hash" panel reacts, discussing the possible fate of BlockFi and the lending industry. 

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Policy

The SEC to Coinbase: Crypto Banking Is Still Banking

Coinbase is not the first would-be crypto lender to run into trouble for trying to act like a bank, says our columnist.

(Robert Nickelsberg/Getty Images)

Finance

BlockFi CEO Wants SEC to Weigh In on Crypto Lending

“We’re not going to decide what box crypto lending belongs in based on what New Jersey does or what Texas does,” Zac Prince said Monday.

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