Uploaded February 2022 | Updated September 2026, 2 weeks ago
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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Watch this video on Odysee!
open.lbry.com/@NaomiBrockwell:4/Blockfi-fined-100-million:3
________________________________________________________________________
Here are a bunch of products I like and use. Using these links helps support the channel and future videos!
Recommended Books:
Beginner's Introduction To Privacy - Naomi Brockwell
amzn.to/3WDSfku
Permanent Record - Edward Snowden
amzn.to/305negc
What has the government done to our money - Rothbard
amzn.to/2KMzmcu
Extreme Privacy - Michael Bazzel (The best privacy book I've ever read)
amzn.to/4jrseiS
Digital version: inteltechniques.com/book7.html (non affiliate link)
No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State - Glenn Greenwald
amzn.to/2UQmJ4m
Some of my favorite products to help protect your privacy!
Brave browser: brave.com/nao076
Faraday bag (signal stopping, to protect your fob, credit card, computer, and phone)
amzn.to/3z02UiF
Data Blocker (if you're charging your phone in an unknown port, use this so that no data is transferred)
amzn.to/2SVh0J2
Camera tape (electrical tape is the best tape for covering phone and computer cameras)
amzn.to/3Xn8xBn
USB-C to ethernet adapter:
amzn.to/2lOVBoy
Privacy Screens (use your phone and computer in public? Keep your information safe!)
Computer: (Search for the size right for your computer)
MacBook Air 13" amzn.to/3VQvpZ7
HP/Dell/Acer/Asus/Lenovo 15.6" amzn.to/3KK1Oda
Lenovo Thinkpad/HP Elitebook/Dell 14" amzn.to/4enT2zq
Phone: (Search for the size for your phone, decide whether you want glass or plastic!)
Galaxy s24 - amzn.to/3VGgb8H
iPhone 15 - amzn.to/45vCd1h
Pixel 8 - amzn.to/3KFDuJF
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
To support NBTV, visit:
https://www.nbtv.media/support
(tax-deductible in the US)
Visit our shop!
https://Shop.NBTV.media
Our eBook "Beginner's Introduction To Privacy:
amzn.to/3WDSfku
Beware of scammers, I will never give you a phone number or reach out to you with investment advice. I do not give investment advice.
Visit the NBTV website:
https://nbtv.media
Watch this video on Odysee!
open.lbry.com/@NaomiBrockwell:4/Blockfi-fined-100-million:3
________________________________________________________________________
Here are a bunch of products I like and use. Using these links helps support the channel and future videos!
Recommended Books:
Beginner's Introduction To Privacy - Naomi Brockwell
amzn.to/3WDSfku
Permanent Record - Edward Snowden
amzn.to/305negc
What has the government done to our money - Rothbard
amzn.to/2KMzmcu
Extreme Privacy - Michael Bazzel (The best privacy book I've ever read)
amzn.to/4jrseiS
Digital version: inteltechniques.com/book7.html (non affiliate link)
No Place to Hide: Edward Snowden, the NSA, and the U.S. Surveillance State - Glenn Greenwald
amzn.to/2UQmJ4m
Some of my favorite products to help protect your privacy!
Brave browser: brave.com/nao076
Faraday bag (signal stopping, to protect your fob, credit card, computer, and phone)
amzn.to/3z02UiF
Data Blocker (if you're charging your phone in an unknown port, use this so that no data is transferred)
amzn.to/2SVh0J2
Camera tape (electrical tape is the best tape for covering phone and computer cameras)
amzn.to/3Xn8xBn
USB-C to ethernet adapter:
amzn.to/2lOVBoy
Privacy Screens (use your phone and computer in public? Keep your information safe!)
Computer: (Search for the size right for your computer)
MacBook Air 13" amzn.to/3VQvpZ7
HP/Dell/Acer/Asus/Lenovo 15.6" amzn.to/3KK1Oda
Lenovo Thinkpad/HP Elitebook/Dell 14" amzn.to/4enT2zq
Phone: (Search for the size for your phone, decide whether you want glass or plastic!)
Galaxy s24 - amzn.to/3VGgb8H
iPhone 15 - amzn.to/45vCd1h
Pixel 8 - amzn.to/3KFDuJF
