Posted on and Updated on

How to earn interest on crypto?

Cryptocurrency has become an increasingly popular asset class among investors, and with it comes the opportunity to earn interest on crypto holdings. There are a number of ways for investors to get started, ranging from traditional banking products to new crypto services. In this article, we’ll explore what’s out there and how you can start earning interest on your cryptocurrency holdings today.

One way to earn interest on crypto is through traditional banking products such as certificates of deposit (CDs). CDs are deposits held at banks that offer a fixed rate of return over a specific period of time. Many banks now offer CDs that allow holders to earn returns based on the value of cryptocurrencies like Bitcoin or Ethereum. These CDs typically have terms ranging from 1 month up to 5 years, with the longer-term CDs paying higher rates of interest than the shorter-term ones. This type of investment is relatively low risk, as the funds are FDIC insured and backed by a bank’s balance sheet.

Another option for earning interest on crypto is through loan programs offered by some exchanges or digital asset custodians. These platforms allow users to borrow money against their cryptocurrency holdings in order to generate income off those assets without having to sell them. All lenders require borrowers to collateralize their loans with more than enough cryptocurrency assets, so there is virtually no risk involved in this type of investment. Interest rates vary depending on the platform but are typically much higher than what one would expect from their bank account or CD investments.

In addition, some platforms now offer staking rewards for depositing certain types of cryptocurrencies into their wallets or accounts. Staking is similar to holding a “share” in a company where users receive rewards based upon the performance of a project or network they help support by holding tokens in their wallets or accounts. The amount earned depends upon how much is staked and how long it is held; however, most networks will pay out regular dividends while also offering additional bonuses and incentives based upon performance and other metrics determined by the network itself.

Finally, there are now numerous crypto savings accounts that allow users to earn passive income by simply depositing crypto into their accounts and earning yield from activities such as lending or trading within the platform’s ecosystem. These services often provide significantly higher yields than traditional banking products with minimal risk due to insurance policies provided either directly by the platform itself or through third-party providers like Aon Corp and Marsh & McLennan Companies (MMC). Many also provide users with additional incentive programs like referral bonuses or loyalty rewards that can further boost returns over time when managed properly.

Overall, there are many options available for investors looking to earn interest on their cryptocurrency holdings without having to take on too much risk in the process. Traditional banking products like certificates of deposit remain popular among conservative investors while newer offerings like loan programs and staking rewards appeal more towards those who want higher yields but don’t want to tie up all their capital in one place for extended periods of time. Crypto savings accounts provide yet another avenue for generating passive income while diversifying across different networks and projects within an individual’s portfolio; however, due diligence should always be done before entering into any new agreement or product offering in order to ensure that one’s capital remains safe at all times throughout any given transaction cycle. Regardless which route an investor chooses, there are plenty of opportunities out there for anyone looking for ways to put idle Crypto assets back into motion and start earning an attractive return today!

Posted on

How FTX Saga can affect Twitter’s crypto features?

Anyhow of all the news that’s been overlooked in the crypto market as the FTX Saga has held our gaze, the headlines related to Twitter are arguably the most important.

That’s because new Twitter owner Elon Musk recently warned that the social media platform could go bankrupt.

If Twitter does go bankrupt it would be very bad news for crypto simply because the algorithmic bubble that is known as Crypto Twitter provides the most up-to-date info about the crypto market.

A person could possibly get it would also mean no crypto integrations on the platform either.

Luckily Twitter seems to be in a good position as its number of daily active users recently hit an all-time high of over 45 million.

According to Elon this number has been rising ever since he announced his intention to acquire the platform in mid-April.

In theory this makes it the perfect time to introduce verification for all users at a low cost of eight dollars a month which is arguably worth it just for the entertainment it is provided on the platform these past few weeks.

In practice however this means that there are more people looking to game the Twitter system than ever before.

Low and behold this is exactly what happened when Twitter allowed anyone to buy a blue tick.

It didn’t take long for impersonators to start popping up not surprisingly Twitter’s decision to put an official label in gray on real accounts didn’t really stick out to users.

This is why I personally think Twitter should have kept the blue tick mark process as is and introduced a new verification mechanism instead.

I suppose it’s a bit too late for that now because the botched rollout of Twitter’s verification has done its damage.

Lots of famous people were impersonated including former heads of state and while it was amusing it was equally concerning the most famous case was an account that pretended to be a pharmaceutical company promised free medication for all and caused the stock of the actual company to crash.

Unfortunately Twitter’s attempts to ban these impersonator accounts were unsuccessful and the platform was forced to pause its new verification features until further notice, this means that Twitter is losing out on much needed revenue but so far it continues to stay afloat.