Lending is a type of financial relationships between two parties: the lender and the borrower. The lender provides a loan of money or some other item for temporary use while borrower uses the provided loan under the conditions that guarantee its refund. Usually, lending is a services provided by financial establishments, although there is also peer-to-peer — i.e., person-to-person — lending that means that individuals do not use any kind of intermediary. This kind of p2p lending removes the middleman from the process. However, it takes more time and carries more risk. Lately, there has also appeared the possibility of online lending, including Bitcoin lending platforms. As cryptocurrency has grown in terms of price and popularity, Bitcoin lending sites provide more and more services for lending Bitcoin and other cryptocurrency.
Alex Mashinsky has stated firmly that it is opportunistic short sellers on Wall Street that is responsible for the negative price action in the markets.
Mashinsky says ‘Sharks of Wall Street’ circling around Celsius and other projects
Decentralized routes of lending and borrowing through smart contracts are allowing DeFi finally to overthrow the traditional finance sector.
DeFi transforming lending routes on the blockchain
Venus Protocol and Blizz Finance announced that their protocols were exploited due to the difference in LUNA market price and price feed as Chainlink paused the...
DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy
Charts suggest BTC price will dip below $30,000, and derivatives data shows options traders becoming increasingly worried.
Pro traders adopt a hands-off approach as Bitcoin price explores new lows
Though the protocol offers an arguably lucrative yield of 4% per year, it's only available to accredited investors as of now.
Compound Treasury receives B- credit rating from S&P Global Ratings
Swyftx, one of Australia’s largest crypto exchanges, has become the first local exchange to offer users zero-fee yields on cryptocurrency deposits.
Aussie exchange Swyftx to offer ‘no lock-in’ yield on crypto
BTC is in a lengthy downtrend but three key price metrics explain why traders are confident that the $38,000 level will hold.
3 reasons why Bitcoin price is clinging to $38,000