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A New Trend BlockFi Crypto Interest In Coins!

According to a new report, Bitcoin and Ethereum bring investors to interest-bearing accounts in crypto-money.

In just three weeks, he said, traders moved $ 35 million in BTC and ETH to show interest in their Crypto accounts on BlockFi. The New York-based company is a secure bank loan provider offering USD loans backed by asset assets to asset holders who guarantee their loans.

BlockFi launched crypto savings accounts on March 5 and offered an annual interest rate of 6% annually, which was paid monthly for the crypto and yielded an annual yield of 6.2%.

This figure is particularly high compared to US banks, which are increasingly lower and have lower rates over the years. ZFC Prince, CEO of BlockFi, said the platform's interest rate will fluctuate as well as Bitcoin and Ether prices.

Neden We expect that the interest rates in the accounts will be lower when prices are lower and lower during the rise of prices because the demand for borrowing from Bitcoin is partly due to market sentiment. In the crypto money market and in the long term of Bitcoin are rising. "

BlockFi said his accounts were designed for retail investors and that crypto whales were not designed. In a new blog post, the company says it introduces 25 BTC and 500 ETH limit next month.

Kab kab Only from Block 1 (BIA) balances with only 25 BTC or 500 ETH (equivalent to roughly 100,000 US Dollars and 70,000 US Dollars respectively) starting April 1 will earn an APY interest rate of 6.2%.

All balances above this limit will earn a 2% incremental interest rate. To explain, if your BIA account has 25.5 BTC, the first 25 BTC will earn 6.2% and the remaining 0.5% 2 will gain interest. Açık

The company also offers a fixed fee of 0.0025 BTC and 0.0015 ETH for leri ensuring that BIA can support as many customers as possible while maintaining the high quality services we offer to the average Crypto consumer Şirket.

Established in 2017, BlockFi is backed by Morgan Creek Capital in the cryptosphere, Galaxy Investment Partners, Coinbase, ConsenSys and Devonshire Investors, the private investment arm of Fidelity Invest, and many high-profile investors, one of the largest financial institutions.

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

 

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

 

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

 

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

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