On Wednesday, May 8, 2019, 1:54:49 PM EDT, BlockFi [email protected] wrote:
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BIA Clients Earned 25 BTC & 380 ETH in April
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Last week BlockFi Interest Account clients earned another month of interest!
On May 1 we paid out over 25 BTC & 380 ETH (more than $195,000 at the time) for the month of April. With our recent announcement of lower BTC minimums, more clients than ever can earn interest on their crypto.
BlockFi Interest Account clients earn 6.2% APY on their crypto. Not using BIA yet? Sign up now to earn interest on your BTC and ETH.
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BlockFi At Consensus!
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Are you attending Consensus next week? BlockFi will be exhibiting there from May 13th to May 15th in the Hilton Midtown, Americas Hall 1. Come by booth 314 to meet our team, ask us your crypto questions and enter our giveaway (for a Nintendo Switch!). We’ll also be giving out exclusive swag to existing clients.
Don’t miss BlockFi CEO Zac Prince (@BlockFiZac) on stage Monday, 5/13 at 11AM in the Mercury Ballroom discussing decentralized finance and why it matters.
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Market Commentary
by our partner
DelphiDigitalWhiteLogo
Chart5.8.19Email
The fallout from last week’s Bitfinex-Tether news was short-lived as BTC and other major crypto assets recouped most of their losses this week. However, there are still many unanswered questions surrounding the alleged cover-up, and any additional findings could trigger another rapid sell-off in the crypto market.
Bitcoin is coming off its best month-over-month performance since July 2018 in April, marking the third consecutive month of gains, its longest streak since the final three months of 2017. “Sell in May and go away” has some merit with October and November boasting some of the best monthly returns in bitcoin’s short history, but BTC has performed decently well between May and July since 2012, indicating further gains may be in store if history is any guide.
Risk assets got another boost this week from better-than-expected economic data and the Fed’s decision to keep rates unchanged until inflationary pressures come to fruition. The dovish pivot by the Fed has driven the rebound in stocks this year following one of the worst quarters for risk assets in a decade.
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BlockFi In The News
How Leading Crypto Firms, DeFi Institutions, And Fintechs Build Different Types Of Communities | Forbes
BlockFi is driving the rise of Bitcoin loans. Find out how! | Coin Rivet
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