Established VC firms join more atypical investment entities in positioning the young DeFi protocol for the future
Figure Technologies Applies for US National Bank Charter
A charter would give the fintech national clearance for its blockchain-based financial services.
ETH Gobbles Up Larger Share of Genesis Loan Book as Trading Firms Feast on DeFi Summer
Genesis Trading saw the share of bitcoin in its loan portfolio drop – mainly due to demand for liquidity mining on DeFi protocols.
Barclays’ Former Russian Bank Has Issued a Token-Collateralized Loans
Expobank has issued its first loan using WAVES tokens as collateral – the bank are now estimating what future demand could be.
Here’s Why Interest Rates on Cryptocurrencies Could Be a Game-Changer
The growth in crypto lending platforms is giving birth to a new type of valuation metric: interest rates.
Guangdong Blockchain Financing Platform Aims to Help Small Business
A new platform backed by Guangdong province aims to streamline the process for commercial banks to lend funds to small businesses with more detailed and reliable profiles provided by its blockchain network.
Guangdong Blockchain Financing Platform Aims to Help Small Business
A new platform backed by Guangdong province aims to streamline the process for commercial banks to lend funds to small businesses with more detailed and reliable profiles provided by its blockchain network.
Genesis Clocks Quarterly Surge in Cash and Stablecoin Lending
For the first time this year, BTC-denominated loans now represent less than 60 percent of Genesis’ portfolio.
Lock BTC, Get DAI: Lending Firm Bridges Bitcoin-DeFi Divide in Latin America
Ledn is partnering with MakerDAO to bring the ethereum-backed stablecoin DAI to more users in Latin America.
Bitrue Exchange to Launch Crypto-Backed Loan Platform
The service, which goes live on Sept. 30, loans BTC, ETH XRP and USDT at a 0.04% daily interest rate.
How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business
Lending startup Celsius went from a $50 million token sale to $1 billion in crypto deposits.
Crypto Lending Industry Has Earned Just 2% on $4.7 Billion in Loans: Report
A new report from credit assessment startup Graychain shows that demand for crypto loans is surging, but lenders aren’t making much profit.
Crypto Loans Firms Left Thousands of Users’ Financial Data Exposed Online
Crypto loans platform YouHodler left a database with millions of logs containing users’ private financial data unprotected, researchers found.
Cryptofinancier Nexo Partners With Korea’s Terra to Create Loan Platform
Singapore and Switzerland are joining forces to bring crypto lending to East Asia.
Arrington-backed Crypto Loans Firm to Accept Telegram’s Token as Collateral
Cryptocurrency loans firm Nexo says it will accept the gram ICO token from messaging app giant Telegram as collateral.
Bitbond Plans to Raise $3.9 Million in Germany’s ‘First’ Regulated STO
Blockchain-based lending platform Bitbond says its security token offering is the first to be approved by a regulator in Germany.
South Korea’s Shinhan Bank Turns to Blockchain to Speed Up Loan Issuance
Shinhan, one of the oldest and largest banks in South Korea, is using blockchain technology to speed up the approval process for loan products.
Ex-SoFI CEO’s Startup Closes $1 Billion Credit Line on a Blockchain
Figure Technologies, a fintech startup founded by former SoFi CEO Mike Cagney, has closed up to $1 billion “uncommitted” line of credit on a blockchain.
Bond Rating Agency Moody’s Warns on Risks of Private Blockchains
Rating agency Moody’s has warned of several risks of private, centralized blockchains in a report examining the tech’s pros and cons.
Genesis Lends $425 Million of Crypto in Q1 – and Not Just to Short Sellers
Genesis Global Trading’s cryptocurrency lending arm continues to grow, even as the number of short sellers dwindles.