Crypto lending firm BlockFi raises $350M in new funding round
The company is now valued at $3 billion. Bain Capital Ventures, Pomp Investments, Tiger Global, and partners of DST Global have led investors in a $350 million series D funding round for the crypto lending firm BlockFi, according to an announcement on March 11.The company indicated that with the addition of these funds, as well as $100 million raised via three earlier funding rounds in the last two years, BlockFi is now valued at $3 billion. The secured funds will reportedly be used to expand the crypto offerings at the firm, including a Bitcoin (BTC) rewards credit card and a Bitcoin....
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Ledn, a cryptocurrency lending and savings platform based in Canada, has managed to raise $30 million in its latest funding round. The money raised will be used to expand its offer of lending products, and to expand its reach in more countries. Ledn could take advantage of the recent problems that Blockfi, one of its contenders, is facing now to increase its share in the sector. Ledn Raises $30 Million in Latest Funding Ledn, a Canada-based cryptocurrency lending platform managed to raise $30 million in its Series A funding round, a more than tenfold increase from its first funding round.....
“It’s not $400 million. It’s the credibility that comes with the people who wrote those cheques,” Celsius CEO said. Cryptocurrency lending platform Celsius Network has raised $400 million in a new equity funding round amid United States regulators increasingly cracking down on crypto lending.Announcing the news on Oct. 12, Celsius noted that the latest funding was led by Canada’s second-largest pension fund, Caisse de dépôt et placement du Québec (CDPQ), and WestCap, an equity firm established by former Airbnb executive Laurence Tosi.Celsius Network raises $400m. @FT "The funding round was....
Financiers from New York and London are said to be leading the private investment round, according to reports. Cryptocurrency lending platform BlockFi is reportedly looking to raise hundreds of millions of dollars in new funding at a valuation of nearly $5 billion, offering further insights into the growth of crypto-focused companies.The company, which was founded in 2017 by Zac Prince and Flori Marquez, is said to be in late-stage talks with new and existing investors to secure the capital raise, according to technology publication The Information. New York-based hedge fund Third Point....
The U.S. Securities and Exchange Commission (SEC) has charged cryptocurrency lending platform Blockfi in a first-of-its-kind action. The crypto lender has agreed to pay $100 million to settle the charges and pursue necessary registrations.
SEC Charges Crypto Lending Platform Blockfi
The U.S. Securities and Exchange Commission (SEC) announced Monday that crypto lending platform Blockfi has agreed to pay $100 million in penalties.
The SEC explained that “In this first-of-its-kind action,” it “charged Blockfi Lending LLC with failing to....
BlockFi continues rejecting securities regulators’ allegations that its Interest Accounts are unregistered securities. The state of Alabama has become the second state in the United States to raise concerns over BlockFi, a major cryptocurrency lending platform.The Alabama Securities Commission (ASC) has issued a show-cause order to New Jersey-based company BlockFi, ASC director Joseph Borg officially announced on Wednesday.Already facing a cease and desist order from the New Jersey Bureau of Securities, BlockFi now has 28 days to provide cause why the platform should not be forced to cease....