Bitcoin Savings Accounts: Crypto’s Next Big Thing?

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

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Ethereum Spikes 60% in February; Factors Behind Crypto’s Spectacular Rally

In the past seven days, the valuation of the crypto market has increased by $ 20 billion as the Ethereum price surged by 10 percent on the day. Since early February, the Ethereum price has spiked from $ 102 to $ 163 by 60 percent against the U.S. dollar. Some analysts have suggested that the strong price movement of Ethereum may have pushed the valuation of the crypto market to rapidly increase in the last three weeks. Why is Ethereum Moving So Fast and What’s Behind the Crypto Rally? In December of last year, economist Alex Krüger said that in the long run,

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Ethereum Slayers 2.0: Crypto’s Usual Suspects, or New Kids on the Blockchain?

Whenever a new blockchain platform launched between 2017 and 2018, it was inevitably heralded as a future replacement for the largest, most successful cryptocurrency platform of all. In short, it came bearing the name of Ethereum Killer. Those prophecies turned out to be premature, and by 2019 the hit that’s been put out on Ethereum is still waiting to be cashed. A year is a long time in the crypto space, and many would argue that the lineup of possible contenders for Ethereum’s throne has changed already. New upstarts have come to the fore, while some who’ve been in the

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