On 4 March, the cryptocurrency lending platform, BlockFi, launched the world’s first cryptocurrency-based savings account. It saw a massive $35 million in deposits, with the average balance ranging around $40,000. This is an indication of the cryptocurrency industry slowly edging towards more mainstream crypto-products around interest-bearing loans. BlockFi set the cryptoverse abuzz after announcing a 6.2 […]The post BlockFi faces backlash over custom interest rates after pocketing $35 million in crypto-deposits appeared first on AMBCrypto.