The product is part of Gemini’s attempt to bring in new crypto investors with bank-like products.
In an interview with CoinDesk TV, CEO Alex Mashinsky explained why CEL has drawn recent interest from altcoin investors.
Judge John Dorsey of the Delaware Bankruptcy Court rejected a motion to appoint a Chapter 11 trustee to oversee Cred’s restructuring.
DeFi platform Aave has rolled out its second version, with several features that should make it more flexible and more capital efficient.
BlockFi CEO Zac Prince said it will be the first credit (not debit) card in the cryptocurrency industry.
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.
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.”
The proof-of-reserves pilot would take information that appears on Celsius’ website and have it fed from a public Horizen sidechain instead.
Genesis Trading saw the share of bitcoin in its loan portfolio drop, mainly due to demand for liquidity mining on DeFi protocols.
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.
CF Benchmarks will now update prices on crypto deposits at BlockFi every second, allowing the lender to hedge against sudden market moves.
DeFi credit market Aave has pulled ahead of stablecoin mint MakerDAO for the title of most collateral staked on Ethereum, according to DeFiPulse.
BlockFi, a major player in the crypto-lending sector, has now raised nearly $100 million in the past 12 months.
Crypto payments startup Wyre is offering white-labeled savings accounts that dole out interest on crypto, the company announced Friday.
Genesis’ crypto lending arm came back strong in 2Q after a rocky 1Q. Separately, executives acknowledged the firm makes some uncollateralized loans.