Bitcoin Savings Accounts: Crypto’s Next Big Thing?

2019-3-22 00:42

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, enthusiasts have pumped more than $35 million in deposits into BlockFi accounts. From Beta To A Hit The company announced the private beta launch of the BlockFi Interest Account (BIA) in January. Account holders receive 6 percent annual interest paid

The post Bitcoin Savings Accounts: Crypto’s Next Big Thing? appeared first on CCN

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Источник: ccn.com

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Chilean Court Rules in Favor of Closing Bank Accounts of Crypto Exchange Orionx

In a landmark judgment, the Supreme Court of Chile has ruled that state-owned Bancoestado was justified in closing the accounts of cryptocurrency exchange Orionx without explanation. The judges ruled that the bank acted in compliance with laws on money laundering and terrorist financing, a threat allegedly posed by censorship-resistant, decentralized cryptocurrencies.

2018-12-6 14:30


Target and Google Official Twitter Accounts Hacked, Used for Crypto Scams

In what is becoming an emerging trend, Twitter accounts of popular brands are being hacked in an attempt to scam unsuspecting users out of their cryptocurrencies. Target and Google are two high profile targets that have seen their accounts taken over by hackers who, in turn, have used them to scam followers by advertising fraudulent crypto giveaways.

2018-11-15 23:40


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New Exchange Security Scoring Model Offers Insurance Rates for Coin Holders

International cybersecurity solutions provider Group-IB has come up with a scoring model to grade crypto exchanges based on their level of security. The scoring model was created by Group-IB in conjunction with Swiss-based Cryptolns (which is operated by Swiss insurance broker APIS AS), and the grading is intrinsic to CryptoIns’ new cryptocurrency exchange insurance, which will allow exchange users to cover up to 15 BTC worth of digital assets held in their exchange accounts.

2018-11-13 00:43


“Elon Musk” Crypto Scam May Have Snagged Dozens Of Bitcoin (BTC)

“Elon Musk” Strikes Again, Bitcoin Scam Ensues After Twitter reportedly restricted (and banned) many of the accounts sharing the likeness of Tesla & SpaceX CEO Elon Musk, one of the social media platform’s foremost stars, reports have arisen that claim that the world-renowned entrepreneur has been impersonated yet again, this time in a context pertaining […] The post “Elon Musk” Crypto Scam May Have Snagged Dozens Of Bitcoin (BTC) appeared first on Ethereum World News.

2018-11-7 07:48


China's Central Bank Wants to Put the Damper Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.

2018-11-5 22:04


China's Central Bank Wants to Put the Damper on Airdrops: Report

The People's Bank of China (PBoC), China's central bank, has its eyes on cryptocurrency companies that run airdrop campaigns in the country. In its most recent financial stability report for 2018, which was published on Friday, November 3, 2018, the bank said there has been a surge in the number of "disguised" Initial Coin Offerings (ICO), including the free distribution of crypto tokens through airdrops, despite its effort to clamp down on their activities.

2018-11-7 22:04


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Binance Freezes Funds on Multiple Accounts with Dubious Crypto Exchange

Binance has frozen multiple accounts associated with the cryptocurrency exchange Wex, citing money laundering concerns. The CEO of Binance went on Twitter recently to announce the freezing of multiple accounts owned by Wex, claiming that Binance will cooperate with law enforcement in any way possible should a criminal investigation result from alleged money laundering.

2018-11-1 01:47


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ING: Interest in Cryptocurrency Expected to Double (At Least)

According to new research from Dutch multinational banking and financial services giant ING, interest in cryptocurrency is expected to double.   The interesting findings come from the “Cracking the Code on Cryptocurrency” portion of its sixth annual ING International Survey Mobil Banking.