BlockFi Adjusts Interest Rates to Lure Larger Crypto Deposits

2020-1-24 06:46

BlockFi recently announced it would make changes to the interest they pay for bitcoin and ether deposits.

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60% Of German Banks’ Charge Negative Interest Rates, ECB Says It Could Give Rise To ‘Bigger Risks’

Nearly 60% of German banks are charging negative interest rates from corporate clients on deposits while 23% are doing the same for retail customers, revealed a survey by the German central bank. Two weeks after the European Central Bank cut interest rates deeper into negative territory, from minus 0.4% to minus 0.5% in mid-September, the […]

2019-11-21 23:58


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Celsius has Facilitated $1.2 Billion in Crypto Loans in 10 Months, With Over $200 Million in Deposits

Depositors from more than 100 nations have received interest paid from over $1. 2 billion in loans issued to hedge funds and crypto exchanges. Celsius Network, a top cryptocurrency lending, and borrowing platform has announced its listing on Liquid, a leading crypto exchange focused on bridging the gap between the traditional financial system and the crypto […] The post Celsius has Facilitated $1.

2019-6-3 07:26


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BlockFi Pushes for Crypto Adoption by Offering Lucrative Interest on Bitcoin, Ether Deposits

Cryptocurrency loan platform BlockFi now allows users to earn interest as high as 6. 2 percent per annum on their digital currency deposits, reports Forbes, March 5, 2019. Lucrative Interest Rate Becomes the Talk of the Town The lines between traditional financial institutions like banks and digital currencies seem to be blurring at an astounding rate.

2019-3-7 13:02


A Central Bank Digital Currency May Lead to All Kinds of Monetary Chaos, says Korea’s Central Bank

A Central Bank Digital Currency (CBDC) is not good for a country’s financial stability, said the Bank of Korea in its latest report. Dubbed as ‘Central Bank Digital Currency and Financial Stability,’ the study found that the introduction of CBDC deposits would radically decrease the supply of private credit by commercial banks.

2019-2-8 14:20


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place.

2018-7-21 23:03