I received an email today from Blockfi. A company I’ve noticed many people are distancing themselves from after actions by the SEC have crippled the core functionality of the company other than their credit card product which pays back 1.5% in Bitcoin.
The email went a like this:
The crypto craze is here.
Drumroll please…today, we are announcing the launch of Dogecoin (DOGE), Algorand (ALGO) and Bitcoin Cash (BCH) on BlockFi. These assets are currently trade-only on BlockFi – they can be traded for existing funds on BlockFi, but they can’t be transferred on or off the platform.
THEY CAN’T BE TRANSFERRED ON OR OFF THE PLATFORM
Bitcoin Cash and Dogecoin are probably the two most spendable cryptos (at least before the lightning network upgrade), so this is the latest example of not your keys not your coins. People who use Blockfi need to make noise on this issue.