Altcoins News

Story: Pocock Insists – Do not fall for illusion of free money by crypto companies disguised…

By Dan Saada

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Annual interest on cryptocurrency accounts is offered to Hodlers.  This crypto interest scheme has been seen to be appealing investors in the year 2019.

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Previously, the only source of passive income on the cryptocurrency for the investors was to HODL and hope for the value to rise in terms of the dollars.

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Nexo has announced 6.5% interest on their stable coins.  The interest will be applicable to "PAX, DAI, USDT, TUSD, and USDC.

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Blockfi as well announced a crypto interest scheme; however, it was seen that these assets would not be insured against losses.

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Zane Pocock stated, “Financialization of Bitcoin is unavoidable and vitally important.” Pocock insisted that investors should do their own research about the interest rates…

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Erik Vorhees stated, if the inflationary nature of the fiat currencies is factored, then the crypto interest accounts will become very significant.

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Coinbase has been supporting staking by reporting, “Today, we’re announcing Tezos (XTZ) staking for Custody clients with Coinbase.

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A passive income service has as well been launched by Coinbase for its users.

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Kathleen Breitman, the co-founder of Tezos implied “The launch of Tezos staking provides for an acute need of institutional participants who depend on a secure and offline…

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