The state of Vermont has joined New Jersey, Alabama, and Texas in scrutinizing crypto lender BlockFi’s interest-bearing accounts.Read more
The Texas State Securities Board has filed for a cease and desist order against crypto lending firm BlockFi for not offering a security licensed at the state or federal level.Read more
Mastercard announced it will enhance its card program for cryptocurrency wallets and exchanges. This will make it simpler for partners to convert cryptocurrency to traditional fiat currency.Read more
BlockFi received a cease and desist order to stop offering interest-bearing accounts from the New Jersey Attorney General’s Office.Read more
BlockFi has received a cease and desist order from the New Jersey Bureau of Securities.
The order alleges that BlockFi Interest Accounts are funded through unregistered securities.
While the significance of the news is not yet clear, markets have reacted negatively.
The New Jersey Bureau of Securities had issued a cease and desist order to centralized crypto lending firm, BlockFi, preventing it from onboarding new interest account clients in the state.Read more
Payments giant Visa is launching its first crypto rewards card in partnership with crypto services company BlockFi.
BlockFi initially announced its plans for a credit card in December 2020.
New York-based crypto loans and savings startup BlockFi launched its Bitcoin (BTC) rewards credit card today. The card is available to select approved customers on the United States waitlist.Read more
BlockFi CEO Zac Prince agrees with United States Senator Elizabeth Warren that there is a lot of noise in the crypto industry. Still, he expects that the clarity that comes with regulations will positively impact the ecosystem.Read more