BlockFi has just closed a $50 million series C fundraising round that gave the company a valuation of roughly $400 million.
The hacker gained access to its data by conducting a SIM swap attack on a BlockFi employee, according to the company.
BlockFi has integrated support for fiat currencies, allowing clients, both domestic and global to purchase as little as $10 worth of crypto and earn interest.
BlockFi has continued to thrive in the nascent cryptocurrency lending market, and according to its chief compliance officer, it’s just getting started.
Cryptocurrency lending company BlockFi becomes the first in crypto to be eligible to offer interest bearing accounts for Washington state residents.
BlockFi said it has brought in $18 million worth of Bitcoin Core (BTC) and ETH deposits since March. The total amount held in interest-paying accounts now stands at $53 million.
The company's new cryptocurrency interest-earning accounts originally would pay 6.2% APY on an annual monthly interest rate of 6%.
In a move that is expected to change the cryptocurrency market, BlockFi announced on Tuesday that they would be providing new interest earning accounts beginning today
BlockFi, a crypto-lending business, has announced that they have secured an additional $4 million in funding.