BlockFi is being forced to pay a $100 million settlement with the SEC and state regulators for offering people high yield on their accounts. They’ve been under investigation since the end of last year for offering earnings as high as 9.5%. With Inflation currently at 7.5% (according to official numbers), it’s no wonder that this opportunity for people to safeguard some of the value of their savings has been so popular. But now the SEC are cracking down.
As Erik Voorhees said:
BlockFi did nothing wrong; they harmed nobody. They built a great company that provides a service customers love. It’s disgraceful that regulators are stealing $100m from them. The absurdity of penalizing an innovative company that offers 8% yield on the dollar while inflation ravages peoples’ savings…
Originally appeared on Coindesk.tv
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Recommended Books:
Permanent Record - Edward Snowden
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No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State - Glenn Greenwald
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What has the government done to our money - Rothbard
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Naomi’s Privacy Bag: some of my favorite products to help protect your privacy!
Use the Brave browser! https://brave.com/nao076
USB-C to ethernet adapter:
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Lightening to ethernet adapter:
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Faraday bag (signal stopping, to protect your fob, credit card, computer, and phone)
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Data Blocker (if you’re charging your phone in an unknown port, use this so that no data is transferred)
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Computer privacy screen (use your computer in public? Keep your information safe! Choose the size right for your computer)
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Phone privacy screen (don’t let people in public see your private data, choose the size for your phone)
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Camera cover (for computers and phones, so no one can access your camera without you knowing)
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Privacy Tip: Turn off your wifi and bluetooth when you’re not using them!!! (or don’t use them at all)
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