Known as Multi-Collateral Dai , the new type of the Dai will be backed by several types of collateral in contrast to the existing Single-Collateral Dai.
Interest Rates News
An interest rate is the amount of a charged payment that is additional to the repayment of the principal of the assets that were borrowed. Interest rates are mostly calculated on an annual basis and are charged by cash, consumer goods, immovables and so on. Bitcoin’s interest rate used to cover the interest of the cryptocurrency lender. Bitcoin lenders can also use the USD (United States dollar) interest rate for protection from Bitcoin’s volatility, in case of the falling of the price of an asset. In 2017, Bitcoin lending interest rates were placed around 19.7 percent, on average. Bitcoin forks, price fluctuations, the establishment of new, promising cryptocurrencies and the undeveloped lending market have led to wide Bitcoin interest rate fluctuations, from 3.5 percent to 111 percent. Government regulations of the cryptocurrency industry — alongside regulating rules for ICOs, exchanges and platforms — may influence Bitcoin lending businesses.
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A crypto lender that offers consumers an instant credit line says it has processed more than $300 million in seven months, making a net profit of $3 million.
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by Joseph Young
US-based consumers are faced with substantially high overdraft, monthly, ATM and NSF fees. Storing money in bitcoin wallets is by far a safer investment method ...
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by Joseph Young
Over the past few days, Britain’s major banks have been notifying their customers of potential implementation of negative interest rates.
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by Jacob J
The Central Banks of Japan and Europe have imposed negative interest rates on deposits. Would these blunt monetary tools of Central Bankers be effective if bitc...
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by NikHom
The recent news from the bitcoin world can be evaluated both positive and negative, but as we know all kind of publications except the necrologue is a very valu...
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