That’s a Yotta Cash! New $250,000 rolling “Hot Pot”

Yotta, the lottery savings account is once again mixing things up. This time they are making their savings account more like the lottery with a $250,000 prize that grows the longer someone does not win it. If you are not familiar with Yotta, it is a lottery based savings account that pays you 0.2% APY plus winnings from tickets (up to a grand prize of … Continue reading That’s a Yotta Cash! New $250,000 rolling “Hot Pot”

Land of the free, unless you are not rich: Celsius freezes access to U.S. users

Earlier this year, BlockFi settled claims with the SEC regarding its crypto interest platform’s U.S. user base. Part of this settlement required BlockFi to no longer offer these services to United States residents. There was an exception for U.S. users with funds already in the interest platform, allowing those funds to continue earning interest, but any additional funds could not be added to the interest account. Continue reading Land of the free, unless you are not rich: Celsius freezes access to U.S. users

Ethereum works smarter, not harder: The switch from proof-of-work to proof-of-stake

In the beginning was the Bitcoin. The blockchain technology behind the pioneering cryptocurrency follows a “Proof-of-Work (PoW) model.” Ethereum, like Bitcoin, currently uses this same Proof-of-Work framework. However, this summer, Ethereum is switching to a Proof-of-Stake (PoS) model, a significant move for Crypto to a more sustainable and scalable system. Proof-of-Work Proof of work (PoW) is a decentralized consensus mechanism that requires members of a … Continue reading Ethereum works smarter, not harder: The switch from proof-of-work to proof-of-stake

When free swaps are not free: How exchanges charge hidden fees in crypto

The crypto exchange Celsius launched a beta for its “free swaps” program. Swaps are converting from one crypto to another rather than selling one for USD and then buying the other. These swaps are beneficial because you are removing an extra transaction and the fees associated with those transactions. Now Celsius is launching its swaps program with a major advantage over its competition – no … Continue reading When free swaps are not free: How exchanges charge hidden fees in crypto

Thanks to the Ukrainian war and new government regulations, Bitcoin soars to heights unseen for days

Crypto is currently the wild west of speculative investing, and the war in Ukraine is brining cryptocurrencies to the forefront of mainstream conversations. Nearly $100 million in individual crypto donations have been made to the Ukrainian defense effort alone, while some are concerned crypto will be used to get around Russian sanctions. This attention on crypto is further forcing regulators around the world to take … Continue reading Thanks to the Ukrainian war and new government regulations, Bitcoin soars to heights unseen for days

That’s a Yotta scratchers: Instantly win up to $1,000 for joining in March

Yotta is a prized-linked savings account that offers “lottery tickets” each week for saving money with them. You can win up to $10 million dollars, a Tesla, or just a decent APY. Recently, Yotta has rolled out new features, including crypto buckets, which hold your money in stablecoin and pay you 4.5% APY plus extra lottery tickets for staking your crypto with them. Other new … Continue reading That’s a Yotta scratchers: Instantly win up to $1,000 for joining in March

Is crypto staking dead? SEC expands reach into crypto brokers

Coinbase Global Inc. (Coinbase), one of the most popular crypto trading platforms, received so much traffic from its Super Bowl ad that its website crashed. Millions of people are starting to show interest in crypto trading and investing; however, others are beginning to notice as well. Regulators, including the U.S Securities and Exchange Commission (SEC), are beginning to take action on crypto. Recently, BlockFi, another … Continue reading Is crypto staking dead? SEC expands reach into crypto brokers

That’s a Yotta Crypto? The best high-yield savings account is now offering more

Yotta is a FDIC-insured, lottery-based, high-yield savings account. Previously, I’ve written an article singing the praises of this app (link). The current system offers you 0.2% APY plus lottery winnings. This averages out to be around 1.5 to 1.9% APY. While this return is lower than the 3% offered by Porte and HMBradley, you only have to put money in Yotta to get the APY. … Continue reading That’s a Yotta Crypto? The best high-yield savings account is now offering more