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3232Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’
https://www.digit.info/crypto-lender-blockfi-files-for-bankruptcy-protection-to-maximize-value-for-all-clients/
Mon, 28 Nov 2022 19:00:49 +0000https://www.digit.info/2022/11/28/crypto-lender-blockfi-files-for-bankruptcy-protection-to-maximize-value-for-all-clients/Read more]]>On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital currency businesses dealing with significant financial hardships and bankruptcy proceedings in 2022. Blockfi Voluntarily Petitions for Chapter 11 Bankruptcy Protection Blockfi has […]
]]>Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M
https://www.digit.info/blockfi-ceo-says-ftx-has-an-option-to-acquire-crypto-lender-at-a-price-of-up-to-240m/
Sun, 03 Jul 2022 15:30:26 +0000https://www.digit.info/2022/07/03/blockfi-ceo-says-ftx-has-an-option-to-acquire-crypto-lender-at-a-price-of-up-to-240m/Read more]]>According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but Prince also noted that $240 million of that total could be used to acquire Blockfi at a variable price up […]
]]>New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender
https://www.digit.info/new-jerseys-order-against-blockfi-extended-vermont-issues-notice-to-crypto-lender/
Thu, 29 Jul 2021 15:30:58 +0000https://www.digit.info/2021/07/29/new-jerseys-order-against-blockfi-extended-vermont-issues-notice-to-crypto-lender/Read more]]>On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained that the company has been “engaged in a productive discourse” with U.S. regulators. Prince further said the New Jersey Bureau of Securities had extended the state’s previous order to September 2. Meanwhile, the company also has issues with Vermont’s Department of Financial […]
]]>Texas and Alabama Regulators Crackdown on Blockfi’s Interest Bearing Account Product
https://www.digit.info/texas-and-alabama-regulators-crackdown-on-blockfis-interest-bearing-account-product/
Fri, 23 Jul 2021 03:30:10 +0000https://www.digit.info/2021/07/23/texas-and-alabama-regulators-crackdown-on-blockfis-interest-bearing-account-product/Read more]]>Fresh off the heels of Blockfi’s issues with the New Jersey Bureau of Securities, the company is now having problems in the state of Alabama. The director of the Alabama Securities Commission (ASC), Joseph Borg, explained on July 21 that he issued a show cause to the firm. Borg wants Blockfi to explain why the […]
]]>Blockfi Ordered to Stop Offering Interest-Bearing Crypto Accounts in New Jersey
https://www.digit.info/blockfi-ordered-to-stop-offering-interest-bearing-crypto-accounts-in-new-jersey/
Tue, 20 Jul 2021 16:30:18 +0000https://www.digit.info/2021/07/20/blockfi-ordered-to-stop-offering-interest-bearing-crypto-accounts-in-new-jersey/Read more]]>On July 19, the CEO of the crypto financial services firm Blockfi, Zac Prince, told the public that the New Jersey Bureau of Securities has told the company to “stop accepting new BIA clients residing in New Jersey beginning July 22, 2021.” New Jersey’s acting attorney general Andrew Bruck also tweeted about the issue and […]
On Nov. 28, 2022, the crypto lender Blockfi informed the public via a press release that the company has voluntarily petitioned for Chapter 11 bankruptcy protection. Blockfi is now one of many digital currency businesses dealing with significant financial hardships and bankruptcy proceedings in 2022. Blockfi Voluntarily Petitions for Chapter 11 Bankruptcy Protection Blockfi has […]
According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but Prince also noted that $240 million of that total could be used to acquire Blockfi at a variable price up […]
On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained that the company has been “engaged in a productive discourse” with U.S. regulators. Prince further said the New Jersey Bureau of Securities had extended the state’s previous order to September 2. Meanwhile, the company also has issues with Vermont’s Department of Financial […]
Fresh off the heels of Blockfi’s issues with the New Jersey Bureau of Securities, the company is now having problems in the state of Alabama. The director of the Alabama Securities Commission (ASC), Joseph Borg, explained on July 21 that he issued a show cause to the firm. Borg wants Blockfi to explain why the […]
On July 19, the CEO of the crypto financial services firm Blockfi, Zac Prince, told the public that the New Jersey Bureau of Securities has told the company to “stop accepting new BIA clients residing in New Jersey beginning July 22, 2021.” New Jersey’s acting attorney general Andrew Bruck also tweeted about the issue and […]