Crypto Lending

Lending

Gemini Partners With Crypto Lender Genesis to Offer 7.4% Yield on Customer Deposits

The product is part of Gemini’s attempt to bring in new crypto investors with bank-like products.

Business  ·  2 February 2021
Lending

Why Celsius Thinks CEL Won’t Receive the Same SEC Treatment as XRP

In an interview with CoinDesk TV, CEO Alex Mashinsky explained why CEL has drawn recent interest from altcoin investors.

Business  ·  15 January 2021
Crypto Lending

Here’s What Happened at Crypto Lender Cred’s Latest Bankruptcy Hearing

Judge John Dorsey of the Delaware Bankruptcy Court rejected a motion to appoint a Chapter 11 trustee to oversee Cred’s restructuring.

Business  ·  18 December 2020
DeFi

Aave Launches V2 in Bid to Make Borrowing Against Volatile Assets Less Risky

DeFi platform Aave has rolled out its second version, with several features that should make it more flexible and more capital efficient.

Tech  ·  3 December 2020
Crypto Lending

BlockFi Announces Early 2021 Launch for Bitcoin Rewards Credit Card

BlockFi CEO Zac Prince said it will be the first credit (not debit) card in the cryptocurrency industry.

Business  ·  1 December 2020
Japan

Leading Japanese Financial Firm SBI Holdings Rolls Out Crypto Lending Services

A subsidiary of SBI Holdings said it's launched a service allowing users to ‘lend’ bitcoin to the firm and earn an interest at the rate of 1% annually in return.

News  ·  24 November 2020
Crypto Lending

Crypto Lender Cred Files for Bankruptcy After Losing Funds in Fraud

In October, the lender published a cryptic letter saying it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.”

Business  ·  8 November 2020
Crypto Lending

Crypto Lender Celsius Taps Horizen for ‘Proof-of-Reserves’ Proof of Concept

The proof-of-reserves pilot would take information that appears on Celsius’ website and have it fed from a public Horizen sidechain instead.

Business  ·  30 October 2020
DeFi

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.

Business  ·  30 October 2020
Crypto Lending

Leaked Recordings Suggest Crypto Lender Babel Leveraged Users' Funds in Longing Bitcoin

Leaked recordings suggest crypto lender Babel Finance leveraged some user funds to long bitcoin and faced potential default risks during this year’s Black Thursday market crash.

Business  ·  2 October 2020
Crypto Lending

BlockFi Adds an Independent Pricing Partner to Guard Against Flash Crashes

CF Benchmarks will now update prices on crypto deposits at BlockFi every second, allowing the lender to hedge against sudden market moves.

Business  ·  27 August 2020
DeFi

Aave Becomes Second DeFi Project to Overtake MakerDAO for Most Crypto Deposited

DeFi credit market Aave has pulled ahead of stablecoin mint MakerDAO for the title of most collateral staked on Ethereum, according to DeFiPulse.

Markets  ·  25 August 2020
Crypto Lending

BlockFi Raises $50M From Universities, NBA Star, Others as Crypto Lending Soars

BlockFi, a major player in the crypto-lending sector, has now raised nearly $100 million in the past 12 months.

Business  ·  20 August 2020
Crypto Lending

Crypto Savings Accounts Are Coming to Fintech Firms That Use Wyre

Crypto payments startup Wyre is offering white-labeled savings accounts that dole out interest on crypto, the company announced Friday.

Business  ·  14 August 2020
Lending

Genesis’ Crypto Lending Rebounds in 2Q; Firm Acknowledges Unsecured Loans

Genesis’ crypto lending arm came back strong in 2Q after a rocky 1Q. Separately, executives acknowledged the firm makes some uncollateralized loans.

Business  ·  4 August 2020