See Also:
Musk also hinted that Tesla may resume accepting BTC soon should due diligence confirm initial findings that the cryptocurrency is turning friendlier towards the environment.
This week, BTC slipped below the psychologically important $30,000 level after New Jersey’s securities regulator ordered the firm to suspend new interest accounts in the state.
The bank-like platform is now facing regulatory scrutiny in Alabama and Texas as well, with the latter filing a cease and desist order against BlockFi, BlockFi Trading, and BlockFi Lending, as per a CoinDesk report.
Even amid the heightened regulatory scrutiny, BlockFi is planning to go public in 12 to 18 months, as per documents circulated to investors, CoinDesk reported separately.
Alabama regulators accuse BlockFi of offering unregistered securities
cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
Interest-Bearing Crypto Accounts Rejected by New Jersey
natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
Texas Is Third State This Week to Target BlockFi s Bitcoin Savings Accounts
decrypt.co - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from decrypt.co Daily Mail and Mail on Sunday newspapers.