It was only at the beginning of March we bought your attention to a New York-based company called BlockFi who are offering 6.25% a year if you deposit your Bitcoins or Ether with them.Before you ask who actually has control of the Cryptos, well it is Gemini Trust, founded by Cameron and Tyler Winklevoss who act as custodians, thus BlockFi does not have access.
While 6.25% looks attractive, you may want to read these thoughts on Twitter who point out the potential concerns and risks you could be exposing yourself to...
There is an old expression - all that glitters is not gold. Innovation in the sector is welcomed, but Caveat Emptor – Buyer beware.
