BlockFi


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Texas Securities Regulator Adds Celsius to Its Crypto Lending Crosshairs

The Texas State Securities Board (TSSB) is cracking down on Celsius with an allegation of offering interest-bearing crypto deposits to be unregistered securities. It ordered the crypto lending startup to appear before a hearing in February 2022, where a cease-and-desist order will be considered. Texas has already issued a similar warning to BlockFi. "The Hash" panel discusses the implications for Celsius facing regulatory pressure in Texas in the latest sign of U.S. watchdogs’ growing scrutiny of the booming crypto lending industry.

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BlockFi CEO Wants SEC to Weigh in on Crypto Lending

Zac Prince, CEO of prominent crypto lending firm BlockFi, voiced optimism that the crypto lending industry will survive despite ongoing regulatory crackdowns but said it would ultimately need a word from the feds. This comes as BlockFi's interest-bearing crypto account has come under regulatory scrutiny in at least five U.S. states. "The Hash" panel reacts, discussing the possible fate of BlockFi and the lending industry. 

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Policy

The SEC to Coinbase: Crypto Banking Is Still Banking

Coinbase is not the first would-be crypto lender to run into trouble for trying to act like a bank, says our columnist.

(Robert Nickelsberg/Getty Images)

Finance

BlockFi CEO Wants SEC to Weigh In on Crypto Lending

“We’re not going to decide what box crypto lending belongs in based on what New Jersey does or what Texas does,” Zac Prince said Monday.

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'Crypto Dad' Chris Giancarlo on His New Book, the SEC's Warning to Coinbase, Blockfi, CBDCs and More

Reacting to Coinbase CEO Brian Armstrong's frustration over the SEC's threat to sue if his company launches a planned lending product, Chris Giancarlo, former CFTC chairman and "Crypto Dad," discusses the problems with long-standing regulations and shares his thoughts on a different approach. Giancarlo also discloses why he remains an adviser to BlockFi even though he has left its board, and he gives his vision of the future featuring central bank digital currencies (CBDCs) and other cryptocurrencies. ​Plus, highlights from his new book, "#Crypto Dad: The Fight for the Future of Money" launching Oct. 26. 

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Finance

‘Crypto Dad’ Giancarlo to Quit BlockFi’s Board After 4 Months

The departure comes as BlockFi faces mounting legal pressure over its flagship interest-bearing crypto accounts.

J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), speaks during an interview at the Securities Industry And Financial Markets Association (SIFMA) annual meting in Washington, D.C., U.S., on Tuesday, Oct. 24, 2017. SIFMA represents the U.S. securities industry including broker-dealers, banks and asset managers with nearly one million employees providing access to the capital markets. Photographer: Andrew Harrer/Bloomberg

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'Crypto Dad' Chris Giancarlo Quits BlockFi’s Board After 4 Months

Former chief U.S. commodities regulator Christopher Giancarlo has resigned from crypto lender BlockFi’s board of directors after only four months. The departure comes as BlockFi faces mounting legal pressure over its flagship interest-bearing crypto accounts. "The Hash" hosts discuss the potential reasons for Giancarlo's resignation and what it could mean for the future of BlockFi.

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Top NBA Draft Pick Cade Cunningham Signs Sponsorship Deal With BlockFi

Former Oklahoma State star Cade Cunningham signed a multi-year sponsorship deal with crypto lending firm BlockFi that will see the up-and-coming Pistons point guard receive his signing bonus in bitcoin. "The Hash" squad discusses the industry implications for the ongoing trend of top-drafted athletes forging early-career within the digital assets industry.

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Finance

Top NBA Pick Paid in Bitcoin for BlockFi Sponsorship Deal

Former Oklahoma State star Cade Cunningham's multi-year deal with the crypto lender includes a bitcoin signing bonus.

Detroit Pistons draft pick Cade Cunningham

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Upgrade CEO on Credit Card’s Latest Trend: Crypto Rewards

Renaud Laplanche, CEO of neobank Upgrade, breaks down the nuts and bolts of the latest credit card trend: crypto rewards. Upgrade is launching a new version of its Upgrade card that pays cardholders 1.5% in bitcoin for purchases.

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