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Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’

Crypto Lender Blockfi Files for Bankruptcy Protection to ‘Maximize Value for All Clients’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 […]

Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M

Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to 0MAccording 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 […]

Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender

New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto LenderOn 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 […]

Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Blockfi Ordered to Stop Offering Interest-Bearing Crypto Accounts in New Jersey

Blockfi Ordered to Stop Offering Interest-Bearing Crypto Accounts in New JerseyOn 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 […]

Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender