A popular crypto lending platform is reportedly going to pay out $100 million to resolve accusations from state and federal regulatory agencies. Sources familiar with the matter tell Bloomberg that BlockFi is gearing up to settle allegations involving the firm’s financial product that pays out high-interest rates to consumers for lending out their crypto assets. […]

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In what is set to be one of the toughest penalties against a cryptocurrency firm, details have now emerged that the foremost crypto lending platform, BlockFi, is set to pay a fine of $100 million to the Securities and Exchange Commission (SEC) of the United States government.

The post Crypto Lending: BlockFi to pay $100 million fine to SEC appeared first on CryptoSlate.

Bloomberg reported late Friday that the crypto lending platform BlockFi will pay $100 million to settle investigations into its interest-generating accounts.

The post BlockFi faces $100 million in penalties over crypto interest accounts: report appeared first on The Block.

Getting a loan is one way to improve your cryptocurrency earnings. But to do that, you need to invest in a token with the right growth prospects. This article discusses everything you need to know about a Cardano loan. Here, you will understand the cryptocurrency itself, what a Cardano loan is, why you should take ... Read more

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According to a new report, the SEC has launched a total of 97 actions against crypto players since 2013, 20 of which happened in 2021 alone.

The cryptocurrency world brings a lot of opportunities for people in the loan sector. There are many reasons to need financial help, and crypto lending has more to offer. If you wish to know whether getting a bitcoin loan is a worthy idea, the brief answer is yes. However, to understand why anyone should seek a cryptocurrency loan, you need to learn about its advantages in detail. Firstly, you need to understand that a crypto loan functions the same way as a regular loan. A bitcoin or crypto loan offers a solution for anyone seeking to earn profits with their