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

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

Celsius: Get paid weekly to stake your crypto

Celsius is no longer just a temperature and American’s will actually use it. Celsius is a crypto-lending platform similar to BlockFi. With Celsius you can stake your crypto – which allows Celsius to lend out your crypto in exchange for interest. Unlike its competitors, Celsius pays you interest weekly. This means you can compound your growth faster than with services that pay out monthly! Currently … Continue reading Celsius: Get paid weekly to stake your crypto

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

Does your Doge bite: The dangers of Dogecoin investing

Elon Musk is a tech billionaire, inventor, and the richest African American in the world. Moreover, he was the inspiration for Robert Downy Jr.’s Tony Stark. Now, the CEO of Tesla is also the Twitter “Stonks” guy who is pushing Dogecoin “to the moon” as the currency of tomorrow. Dogecoin is a type of cryptocurrency, or “crypto.” These cryptos are digital currencies that can be … Continue reading Does your Doge bite: The dangers of Dogecoin investing