Crypto Firm BlockFi Trims Interest Rates of Bitcoin Savings Accounts

Blockfi, Bitcoin, crypto

BlockFi trims payouts for hedge funds and VCs provides a boost for "average crypto investors". The BlockFi Interest Account (BIA), which launched as a private beta in January, before rolling out to the public at the start of March, has so far been dubbed a "huge success" by the firm. The BIA gives investors a return whether the crypto market is up or down, and is proving hugely popular with...

Bitcoin Savings Accounts: Crypto's Next Big Thing?

BlockFi, interest, bitcoin

When BlockFi began offering interest-bearing accounts earlier this month, it seemed to have struck gold. Giving people a place to securely store their bitcoin or ether is paying off for the company and crypto holders. An impressive 10,000 people have signed up for accounts. Almost all of them, roughly 90%, are retail investors. As the prices for cryptocurrencies have fallen considerably...