Categories: Bitcoin

Bitcoin Daily: TokenAnalyst Shuts Down; Crypto Lender BlockFi Hires Traditional Finance Execs To Lead Expansion

TokenAnalyst is shuttering its operations, according to a Medium post.

The TokenAnalyst team said it will no longer support the company’s application programming interfaces (APIs) and platform.

The team said it would not “actively” work on TokenAnalyst any longer, but it noted that some of its members are becoming part of Coinbase.

The team wrote in the post, “Our mission was to bring transparency to the decentralized world, and we believe we made significant progress towards this mission. We built a host of tools that made blockchains easier to understand for our users, and we hope you enjoyed using our data and services as much as we enjoyed building them.”

It also noted that it was “truly invigorating to tweet/whatsapp/telegram/email/signal 24/7 with crypto enthusiasts from all over the world.”

In separate news, BlockFi said a former Credit Suisse executive and a former American Express executive have joined the blockchain company, according to an announcement.

David Olsson will serve as global managing director of European and Asian markets, while Wittney Rachlin will serve as chief growth officer.

Olsson will be tasked with expanding the institutional services of BlockFi, supervising sales strategy, business development and risk management throughout Asian and European markets. The executive had managed teams at Credit Suisse as well as Bank of America Merrill Lynch covering equity derivatives and prime brokerage.

Rachlin, on the other hand, will be tasked with heading up multiple sections of the business to fuel growth, including business development, marketing and the rollout of products in the payments area with the inclusion of a bitcoin rewards credit card scheduled to launch later in 2020. The executive recently held leadership positions at American Express and Prudential Financial.

BlockFi’s platform provides loans backed by crypto, crypto-based interest accounts and “zero-fee trading,” according to the announcement.

Get our hottest stories delivered to your inbox.

Sign up for the Newsletter to get updates on top stories and viral hits.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

Recent Posts

Trump’s WeChat Ban Could Rock The US Consumer Landscape

President Donald Trump has issued two executive orders in two days banning two Chinese behemoths from operating in America –…

5 mins ago

US DOJ Charges 14 With $28M In PPP Fraud

The U.S. Department of Justice (DOJ) charged 14 people in two separate investigations into their alleged participation in schemes to defraud the…

3 hours ago

Digital IDs For Online Bowling, Voice Commerce, Apple’s Mobeewave Deal Top This Week’s News

Top News Apple Buys Mobeewave for $100M Apple has purchased Canadian company Mobeewave, which will allow it to create mobile…

4 hours ago

TikTok ‘Shocked’ By Trump’s Executive Order

In its first public statements about President Donald Trump’s executive order to ban TikTok, the Chinese company said it is…

4 hours ago

Microsoft, Facebook Express Frustration With Apple’s Gaming App Policies

Microsoft and Facebook are grumbling publicly about fellow tech giant Apple's policies restricting access to coveted slots in its App…

5 hours ago

Mercari’s Revenues Pop 48 Pct For FY2020, But Losses Also Grow

Mercari, the Japanese shopping platform that allows users to buy and sell almost anything, reported its net sales surged nearly…

6 hours ago