Encrypted asset lending startup BlockFi received $18.3 million in Series A financing

According to Coindesk, BlockFi, a crypto-equity startup, announced on Tuesday that BlockFi received $18.3 million in Series A funding led by Valar Ventures. According to a statement from the company, BlockFi plans to use the funds to increase its product line. The company's most important product, the Bitcoin Income Deposit Service, was launched in March this year. In addition to deposit services, BlockFi also offers loans with cryptocurrency as collateral.