Bitfinex will offer 6.2% interest on three popular coins
Holders of these coins have a new way to get passive income. Crypto exchange Bitfinex is now offering a way for holders of three different cryptocurrencies to earn up to 6.2% annual interest.According to a Sept. 30 announcement, Bitcoin (BTC) and Ethereum (ETH) holders are now eligible to earn up to 6.2% annual percentage yield (APY) through a partnership with Celsius Network, while XRP holders can earn up to 4.91% APY. The lending platform, which currently has more than $1 billion in coins from roughly 150,000 users, said it would allow interest on the tokens to be accrued daily, with....
Related News
Bitfinex recently announced that they will begin selling mining contracts. BitFinex is a popular Bitcoin trading platform currently with the fourth-largest 24-hour trade volume out of all the Bitcoin exchanges. The mining contracts went live at 9 AM EDT 9/15/14. You can read Bitfinex's announcement of the contracts on their website. Bitfinex considers the mining contracts to be "live beta", meaning they'll continue to update and improve the product. Bitfinex Cloud Mining. As Bitcoin mining evolves, it's becoming harder for the average joe to compete with the big-time miners. Cloud mining....
Bitfinex has become the first major bitcoin exchange to offer on-blockchain transactions. Typically, exchanges work off-chain, meaning that user balances are settled within a central database. Bitfinex's bid for greater transparency will allow users to check their segregated bitcoin wallets on the blockchain. Trade settlements will be broadcast once per day, according to the company. Zane Tackett, director of community and product development at Bitfinex, said:
Bitfinex has offered a reward for the return, or info leading to the return, of the Bitcoin stolen in the recent hack. Reddit user someguy916 posted in the /r/Bitcoin subreddit inquiring as to how much of a reward Bitfinex would be willing to offer for the stolen coins. Zane Tackett, Director of Community and Product development, responded with an offer for a small percentage: “5% of recovery and for information leading to recovery (but no bounty if no recovery); if multiple persons lead to recovery, share pro rata” When pressed to get that offer into a blockchain contract, Tackett....
The price of Bitcoin took a dive during June 20th from a high of $737 USD at 23:00 UTC and has floored to $666 at press time on Bitcoin.com’s Kaiko index. Some are blaming the Bitfinex outage, which took place on June 20th’s overnight into the morning of June 21. Some are still shook up over the debacle of Ethereum and the DAO, which took place last....
Customers can now borrow money from crypto exchange Bitfinex. Amid a year of significant growth for the decentralized finance space within the crypto industry, British Virgin Islands-based crypto exchange Bitfinex has unveiled its new lending service today, called Bitfinex Borrow. "Bitfinex Borrow is a borrowing platform," Bitfinex chief technology officer Paolo Ardoino told Cointelegraph. “This particular offering isn’t about lending out your crypto and obtaining a rate of return on it," he said. “The crypto loan is obtained via Bitfinex’s peer-to-peer lending platform, though it may....