Bloomberg Technology
BlockFi to Pay $100 Million to SEC on Crypto Lending
BlockFi Founder & CEO Zac Prince joins Emily Chang on the news that the crypto platform agreed to pay $100 million to the Securities and Exchange Commission and state regulators over allegations it illegally offered a product that pays customers high interest rates to lend out their digital tokens.
Steel Penn
February 15, 2022 at 12:11 am
Great work everyone 👏
Aaron-六方币
February 15, 2022 at 12:21 am
BlockFi is the middleman that crypto trying to get rid off, it’s here to suck last penny of its user —a former BlockFi user here
James Jovil
February 15, 2022 at 12:23 am
Melissa Gary
February 15, 2022 at 12:35 am
I’ve never seen someone as perfect as Mr Nick Adams he knows how to analyze trade, and with his strategies he has earned me €16,835 in 18 days of working with him
Theodore Silas
February 15, 2022 at 12:35 am
Hey you’re not far from making profits, he has taken care of my account for months. I have 12 wins so far
Ryan Bruce
February 15, 2022 at 12:35 am
My first investment with Mr Nick Adams gave me upto $ 73,000 and that has made me invest without the fear of losing, I got four of my friends involved with him already.
Thomas Brown
February 15, 2022 at 12:36 am
I’m very glad I stumbled on this today writing to him now. Really hope he can help me
Dury Maguire
February 15, 2022 at 12:36 am
Mr Nick Adams is an expert trader on a certified broker, I’ve worked with him for years, everyone he processes he or her trade, is so lucky, all you have to do is believe in him and fellow his guidance. Then sip your drink and relax
Heli Copter
February 15, 2022 at 5:43 am
Nick Adams isn’t real and neither are any of these comments praising him. Do your own research and don’t trust anyone.
DestructX
February 15, 2022 at 10:45 pm
@Heli Copter Yeah this is just one person with many accounts talking to himself
David Analyst
February 15, 2022 at 2:06 am
This interview was kind of biased against giving Zac enough time to complete a thought, but nobody else on any other business news gave this more than 2 seconds, and nobody else dug into the details of the settlement and what products are currently available to consumers. So Emily did a better job of reporting the news than most people on Bloomberg and CNBC with this segnment. When Bloomberg Tech has other hosts, the hosts just sit around and repeat the various themes of the day, and read the ticker and it puts me to sleep.
STEPHAN FEIBISH
February 15, 2022 at 2:33 pm
He spent the first part of the interview presenting an ad.
Life Ninja
February 15, 2022 at 2:06 am
SEC: Ship us a $100M and cut off interest bearing accounts to anyone investing less than $3M
BlockFi: Sure thing, boss. What do we say to the losers with less than $3M?
SEC: Tell them their account is a security, they won’t understand that.
BlockFi: Got it. What about our clients investing over $3M? Is that also a security we need to register?
SEC: No, no, no. That’s OUR product, buffoon!
BlockFi: Duh, sorry. So sorry. Um, what do we tell these losers we’re stealing opportunity from? Kick rocks? Or?
SEC: Say you’ve been working on a new product for them. You’ve been working on it with us for a long time. Call it a yield product instead of an interest product or something.
BlockFi: Should we say we’ve submitted an application? We are saying this has been our number one focus for a loooooong time and all…
SEC: No.
BlockFi: Can we say we are going to submit an application?
SEC: No.
BlockFi: Can we say we intend to submit an application?
SEC: Sure.
BlockFi: Can we say it will get approval once submitted?
SEC: HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH, hold on we have to catch our breath, HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
BlockFi: Aren’t they going to eat us alive for this?
SEC: Just send out a press release spinning this as really good news, a big day for crypto. Regulation, progress, all that nonsense. Any other questions?
BlockFi: Hmm.. when should we tell our clients about this?
SEC: You don’t have to tell us or you other wealthy clients as this changes absolutely nothing for us. For the peasants, let them read about in the press release with everybody else, after the changes to their accounts have already been completed. Now be gone. And don’t forget the goat next time. You cucks nearly ruined our ritual.
@Kenisthis
February 15, 2022 at 2:23 am
HODL!
That One Toaster
February 15, 2022 at 3:05 am
The SEC saw that it was easy for Americans to actually earn a decent return on a savings account and had to shut it down. Fuck our abhorrent government.
Joel Bondurant
February 15, 2022 at 4:29 am
USA is an EXTREMELY UNSAFE place to keep money.
Marcus Briseno
February 15, 2022 at 7:03 am
No thanks. The USA doesn’t need bitcoin. Too much energy to create ✌️. Not worth it.
Marcus Briseno
February 15, 2022 at 7:06 am
It is not a good investment.
Robert Levi
February 15, 2022 at 10:42 am
It’s designed to fuck over the little people, that’s how are government works.
christoph lichter
February 15, 2022 at 6:41 pm
I believe
charles ehtanigov
February 15, 2022 at 6:47 pm
Bitcoin is the top performing asset of the past year, and it’s getting higher too. I am delighted to be part of this opportunity with Seth Leonard as my guide.
Clinton Clintonfrederick
February 15, 2022 at 6:51 pm
Fact is, Most people think buying the dip and holding is the only way to achieve success in crypto.But guess what wrong!! I got rid of that mentality after I engaged in trading daily and earning around $40k weekly with Leonard methods.
Sharon J
February 15, 2022 at 9:37 pm
I LOVE Blockfi, the best, most reliable service in any crypto company I could find! I have used many of them. I am NOT endorsed, nor paid by ANYONE to say this. I am a very happy customer, and I hope the government would support Cryptos in general. This is a company with integrity from a customer perspective, and I will be very sad if this impacts a company I benefit from and love. I hope this does not impact Blockfi’s image. If you do not believe me, open an account and invest very little to try them out. The customer service with phone is superb, and better than any bank I have banked with!!
Sharon J
February 15, 2022 at 9:47 pm
To me, the difference between Coinbase and Blockfi is, Coinbase, cancels interests accounts, to avoid the regulation. Blockfi, do the right thing and still keep the interests to their best ability to make sure their existing customer gets the best. That is the difference. Blockfi is the true pioneer with integrity in this new industry. We will look back in 2025 see that Blockfi leads the U.S. to be the leader for Crypto in the world, supporting companies like Blockfi is to support our economy.