I am really excited to share that
@BlockFi
has achieved regulatory clarity and a path forward for Americans to earn interest on their crypto.
There are FIVE key points I would like to highlight about this novel resolution.
Beyond grateful to be recognized as one of
@ForbesUnder30
!! What we’ve been able to accomplish this year is incredible. Thanks so much to our amazing team for your hard work and a shout out to
@BlockFiZac
for joining me on this ride since day 1!
Blockfi now worth more than $3B as
#Bitcoin
surges to a record high, co-founder
@FounderFlori
on how its building a banking service for the crypto world
We're excited to announce that we've raised $50 million in Series C funding led by Morgan Creek Digital. For more details, check out our blog post below.
I’m overjoyed to have been included in Entrepreneur’s list of top 100 powerful women!! 2020 has been a year of challenges and growth. I greatly appreciate the recognition ✨
Such an honor to be named to the
#Worthy100
list featuring some powerhouse entrepreneurs.
@BlockFiZac
and I are on a mission to drive financial inclusion in crypto, and our passion and conviction grow stronger every day. Thanks,
@mickiwagner
for sharing our story!
Meet Flori Marquez.
Marquez was passionate about creating a platform that focused on financial inclusion after seeing firsthand how hyperinflation can affect a currency, and so was born
@BlockFi
.
Read more on
@FounderFlori
&
@BlockFi
here:
As a global organization that touches many different regions, cultures and people around the world, we at
@BlockFi
recognize the gravity of what’s happening in Ukraine.
At
@BlockFi
, we are focused on protecting consumers’ rights to earn interest on their crypto. Over the last week we've had constructive talks with regulators about why the BIA is appropriate for crypto market participants. Read more in our letter here:
“Growth in this sector will continue to go up as companies like Coinbase and BlockFi continue to launch products that make it easier for people to convert into crypto for the first time,” BlockFi Co-Founder
@FounderFlori
says.
There’s a lot of action in the crypto markets today - something we have seen before and are used to managing. Deposits, withdrawals, trading and lending are all up and running. A few important points:
That's a wrap on our Reddit AMA! Thank you for joining me, Jonathan & our Chief Good Boy Officer, Beemo. Transparency is central to
@BlockFi
's DNA, so it's always fun when we can chat openly with you. Our team will keep answering questions in the thread.
ANNOUNCEMENT: We're hiring our biggest class of Client Service Associates ever. We're looking for candidates who love BlockFi and helping people – no direct experience required. Sense of humor and knowledge of crypto a bonus! Apply now 👇
“This year has been huge year for mainstream consumer demand into crypto,” BlockFi Co-Founder & SVP of Operations
@founderflori
says. “One in ten people plan to gift crypto this year.” More:
I don’t usually talk about my portfolio, but I just bought some BTC. It’s up 11% the last 24 hours and seems to have broken with equity markets. If you missed the boat in other downturns, don’t do it again now 🚀
My hope is that any folks sitting on the sidelines waiting for regulatory clarity will see today as a significant milestone for the industry. If you haven’t invested in crypto yet, hopefully today is the day for you to start getting involved!
"The two year return as of today,
#Bitcoin
is actually up 416%, so this $40K level is actually very exciting for most crypto investors," says Block-Fi Co-Founder
@FounderFlori
on $BTC. "In that timeframe,
#Gold
and the S&P 500 respectively have returned 15% and 42%."
2)
@BlockFi
is an independent business entity. We have a $400MM line of credit from (not ) and will remain an independent entity until at least July 2023.
It’s amazing that in just six months, we’ve rewarded our
@BlockFi
cardholders 235+ bitcoin.
I’ll be talking about this and more with
@zguz
on
@yahoofinance
tomorrow 12/17, but for now check out our latest credit card data here:
This is a huge milestone for BlockFi as we continue to expand our global footprint! We're very much looking forward to collaborating with
@BermudaMonetary
as we continue to deliver innovative products and services to our clients worldwide.
Congratulations to
@BlockFi
on successfully obtaining a Class F Digital Asset Business License from
@BermudaMonetary
. BlockFi’s choice of Bermuda showcases our ongoing momentum in attracting top innovators in the digital asset space.
Press release:
We’ve been busy at
@BlockFi
over the past few months and have some ** big ** news to share! Today we announced that certain U.S. clients who are verified as accredited investors will get access to BlockFi Yield by the end of the year.
.
@BlockFi
's success wouldn't be possible without our 800+ team. Thank you to them & thank you to
@BusinessInsider
's
@Vlajournaliste
for sharing our story and vision for building a future where crypto is accelerating prosperity worldwide.
Effective today through Tuesday, May 31, 2022 (90 days), we have paused payments due from existing retail loans (monthly interest payments and/or final maturity payments). Additionally, all Ukrainian funded clients will receive $50 worth of stablecoins into their BlockFi Wallet.
1 in 3 Americans would prefer to talk about crypto instead of politics or their love lives.
Conversations focused on demystifying
#crypto
are essential to driving inclusion in this rapidly growing asset class. Read more
@BlockFi
Real Talk survey results:
5) The fact that we were able to engage with regulators for months to create a path forward is a marker that crypto has reached a new phase in terms of legitimacy in the US.
It’s here. Log in to your BlockFi account to join the waitlist for the world’s first Bitcoin Rewards Credit Card and earn 1.5% back in Bitcoin on every purchase. RT to be part of history 🚀
Recently I spoke with
@sofi
’s
@anthonynoto
for his new
#WhoDaresWins
podcast. We talked about everything from crypto to careers and how when you reframe risks to rewards, the opportunities are endless. Thanks for having me, Anthony!
1) The BlockFi team has been working towards a regulatory framework for years and with this news we are energized to continue to do what we do best: serve our clients and create landmark regulations that allow future entrepreneurs the clarity needed to start businesses
At the Women & Worth Summit,
@diasimms
,
@AliciaLevinePhD
& I talked about how to lead in male-dominated industries. My take: This is the moment in time where we can change how a nascent industry is shaped. It’s our responsibility to break the statistics. Thanks
@worthmag
!
15% of women are interested in a career in crypto with 1 in 10 planning to apply in the next year. If you're one of them, tune into the
@UnstoppableWoW3
Twitter Spaces today at 2:30pm ET where
@CooplovesCrypto
& I will share our crypto career advice.
It’s an honor to be included on
@Inc
’s 2021 Female Founders list with a group of trailblazers who are focused on building a more inclusive future. Read the full list here: via
@Inc
#WomenInCrypto
We feel it is important to acknowledge the events and to extend our support through this small gesture of good faith. We will continue to listen and learn of further ways that we can deliver the best possible service to BlockFi’s global client community.
Partnering with
@FTX_Official
will help both of our companies continue to keep bolstering the ecosystem at a pivotal time. We have a huge amount of respect for the FTX team. While our industry is experiencing vol in the short term, the long-term value prop of crypto is unchanged
Today
@BlockFi
signed a term sheet with
@FTX_Official
to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength.
Honored to be on the new
@FoundersUncut
podcast hosted by
@Kindred_VC
’s
@mariabrw
! We talked about how to deal with the unexpected chaos as a founder and lead through times of hyper growth & uncertainty. Remember: There’s really only forward.
When we set out to build BlockFi, we knew there would be obstacles to overcome. Most of the time, we’re laser focused on the challenge ahead of us. It’s important to look up every once in a while & take in how much we’ve achieved.
3) It’s important to note that existing US clients, all clients outside the US, and institutional clients are not affected by the registration period. Client funds are not impacted and all BIA clients will continue to earn interest as they always have.
Excited to have
@BlockFi
co-founders speak at DAS.
@BlockFiZac
and
@FounderFlori
will cover:
- The Rise of Crypto Banks
- Institutional Market Access
Full agenda below (less than 20% of tickets available):
At BlockFi, launching a new product doesn't mean the job is done. It's actually just the beginning. Our team is always listening to clients and committed to constantly improving and innovating. BlockFi Offers is a prime example of this promise. So proud of our team!
1/ As a long time
@RayDalio
fan, I've been so disappointed with his take on
#btc
. It seems based on a recent tweet that he is open to learning, so I had to write down some concise and thoughtful notes for each of his "problems with Bitcoin being an effective currency"
4) 5/6 products on our platform - including our crypto-backed loans, the BlockFi crypto rewards credit card, Wallet, BPY and trading - will continue to be available for all new and existing US clients.
Last but certainly not least, BlockFi's very own
@FounderFlori
is closing out the Benzinga Boot Camp. Big thanks to everybody who participated and joined us!
Our latest analysis of founding teams of new unicorn startups shows that the share of companies with female founders or co-founders is holding steady.
#unicorns
#femalefounders
We had our holiday party last night and took a moment to think back on everything we’ve built over the past 12 months. 10 to 65 people on the team. 2 new products. Customers from over 115 countries. Our team is insane.
#crypto
#FridayMotivation
3) We are processing all client withdrawals in line with our Terms of Service. To date, BlockFi has aimed to deliver all client withdrawals faster than our Terms of Service.
Thank you to Women In Derivatives (
@windnyc
) for recognizing me as a 2022 Game Changer. It’s great to see so many talented women working, leading, and building in finance as we move the industry forward.
We believe that our technology helps to drive trust with our clients. So excited to have Alex join our team with a focus on reliability and continuing to make our products simpler and easier to use!
We’re thrilled to welcome Alex Grigoryan as our new CTO. He brings 15+ years of experience leading engineering teams in Silicon Valley.
Technology is one of our core pillars, and we’re excited to expand our suite of products & services with Alex's help.
For the first time in history, we can offer the same financial products we have in the US around the world. That’s why
@TheRealBlockFi
is here.
@Forbes
Today we launched Real Talk: Women x Crypto to learn more about folks’ investing habits. We want to ensure that everyone can come along on this journey and that they have the tools needed to learn more about
#crypto
Check out our findings below:
Definitely a pinch me moment to have
@BlockFi
recognized by
@Crunchbase
as one of the top 10 Black & Latinx founded companies that raised the most VC funding in 2021. Representation & inclusion matter.
@BlockFiZac
, myself and our Leadership team have taken actions to ensure we’re supporting our Ukraine-based clients and alleviate some stressors. One of our core values is “Clients, not Customers," and we strongly believe that each of our clients deserves world-class service.
BlockFi’s defining characteristic is resiliency. We adapt to change and we become stronger as a result. The most challenging moments in life are when one can grow the most. Our commitment to our team and clients is to be transparent, to listen and to learn from this experience.
This morning we announced that after taking significant time to plan and consider, we are reducing our headcount by roughly 20%. This is not a decision we take lightly and is one that brings us great sadness.
4) We are operating our business in line with our risk management framework, which you can read more about here: We run a pragmatic and diversified lending business and hold risk capital reserves to help protect against potential loan defaults.
.
@AbbyWambach
, while I can't teach you about NFTs, happy to show you &
@glennondoyle
the ropes on crypto investing on
@BlockFi
! I recommend baby stepping with bitcoin first.
Having worked with Ellen-Blair for a few months now, I am so excited to finally publicly announce her official seat on the BlockFi board. Her experience in financial services has been and will be instrumental as we continue this journey.
Today I'll be hosting a Reddit AMA with
@BlockFi
's General Counsel, Jonathan Mayers, at 1pm ET / 10am PT. Join us as we answer your questions live about yesterday's landmark announcement.
The crypto industry has undergone heavy stress tests this summer resulting in crypto’s own version of the 2008 global financial crisis. As leaders and builders, it's our responsibility to be transparent about the lessons we've learned and how we can best move forward.
This is crypto's "Great Financial Crisis'' moment. But how do you distinguish who will survive?
@BlockFiZac
recaps the crypto contagion and outlines the pillars for a successful crypto company in an exclusive op-ed at
@barronsonline
:
Had a great time sharing my take on how to prepare yourself financially to start a company. TLDR: there’s a lot of ways to make an income so that you can invest in yourself
⏳ Don’t let the halving pass you by. Sign up for a BlockFi Interest Account (BIA) and make your first deposit of $200 or more. You’ll earn an extra $100 BTC—on us.⏳ Just use referral code “Halving2020”. Terms apply.
BlockFi’s success is built on the trust placed in us by our clients. Can’t thank
@BlockFiJake
enough for building our incredible client service team, which provides the support our clients need to trust us.
On Wednesdays, we wear pink. Thanks for having me on the show today,
@emilychangtv
. Our most recent survey found that 1 in 4 women have yet to start investing. Let's work together to change that stat.
Thankful that these guys plucked me out of finance and into the world of startups 7 years ago. Many thanks to
@lexiekomisar
and the Long New York team for hosting us last night!
By far the thing I’m most proud from my time building Bond Street is the amazing team that we assembled. Serendipitously ended up on a panel last night with two of our most illustrious alums
@eserrill
(GM @ Stripe Capital) &
@FounderFlori
(Founder at BlockFi) 💫💥
#longnewyork
Crypto is the latest investing frontier. What do you need to know? Hear from industry investors and experts about what's new, what's next, and what you should look for. Don't miss
#CartaEquitySummit
on Dec. 8:
@TheRealBlockFi
front and center at
@laBITconf
(en español)! The impact crypto can have on Latin American citizens is material. Excited to expand our efforts to new geographies
#LABITCONF2019
🚩Trade your crypto on BlockFi! 👉We just launched BlockFi Trading, a way to easily trade your BTC, ETH, and GUSD while simultaneously earning compound interest paid out in the currency of your choice! No minimum to start 👇
I’m lucky to get to work beside the most intelligent and hardworking team I’ve ever been a part of. Crazy to think that just two years ago it was just me and you
@BlockFiZac
!
Honored to close out
@nicolecasperson
's first season of WTFintech! We talked about how to scale your business without sacrificing culture, why you should stick close to the leaders who inspire you, and why the language we use around crypto matters.
Feeling inspired this morning after meeting some brilliant folks - including
@beatrizargimon
the VP of Uruguay - as part of the
@Globant
#WomenThatBuild
Awards judging panel. Right now we’re at the precipice of so many new technologies being built to better society.
Five years ago I attended a talk with
@SallieKrawcheck
and left thinking how I could be a founder one day. Fast forward, and tomorrow I’m joining her for a candid conversation on building in fintech alongside
@helloTVC
&
@ericadorfman
of
@Brex
. RSVP here:
Today
@BlockFi
launched the third edition of the Real Talk: Women x Crypto, a survey series tracking U.S. women’s attitudes towards crypto over time with a special focus on financial wellness this time around.