Blockfi Interest Account

Texas and Alabama Regulators Crackdown on Blockfi’s Interest Bearing Account Product

July 23, 2021 by DIGIT

Fresh off the heels of Blockfi’s issues with the New Jersey Bureau of Securities, the company is now having problems in the state of Alabama. The director of the Alabama Securities Commission (ASC), Joseph Borg, explained on July 21 that he issued a show cause to the firm. Borg wants Blockfi to explain why the … Read more

Blockfi Launches Interest Bearing Savings Accounts for Cryptocurrencies

March 5, 2019 by DIGIT

On March 4, cryptocurrency-backed USD lending platform Blockfi announced the launch of a new savings program called the Blockfi Interest Account (BIA). Having started as a private beta service, BIAs are now available to the public who can store bitcoin core (BTC) and ethereum (ETH) and receive 6 percent annual interest, paid monthly in cryptocurrency. … Read more