News
Crypto borrowing and lending platform Cred has joined Visa’s Fintech Fast Track program to further the adoption of DeFi loans.
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Loans News
Loans are certain amounts of money given by an individual, organization or government to the another entity. The recipient is usually obliged to return the loan with additional interest. Loans are one of the driving forces of current economies and a crucial part of the financial sector. Loans can take various forms and may include loans in goods, fiat money loans, cryptocurrency loans, etc. The practice of crypto loans is new and has its flaws, mostly connected to the high volatility and technical difficulties inherent to cryptocurrency. However, Bitcoin (BTC) loans are already available in several BTC loan sites, some of which provide a rather quick Bitcoin loans procedure. Cryptocurrency loans may become the new standard for receiving loans — due to the high speed of transaction, the trusted distributed ledger and inclusion of information technologies.
- News
Russian banks are not waiting for full regulatory clarity to issue crypto loans.
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Aave is climbing the DeFi and market cap rankings as its flash loans see daily volume exceeding $100 million.
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Mainframe plans to integrate Sablier’s money streaming technology into a fixed-rate lending protocol and create tokenized debt markets akin to digital bonds.
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Celsius users can now purchase Tether Gold via credit and debit cards with a minimum purchase amount of $50.
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A recent job listing at blockchain-based payments firm Ripple indicates that it is working on a working capital loan product.
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The DeFi lending market MakerDAO has updated its governance protocols to prevent another occurrence of forced liquidations that lead to huge losses.
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Celsius Network is the first crypto lending platform to become profitable according to its CEO Alex Mashinsky.
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Major cryptocurrency wallet service and blockchain data supplier Blockchain.com now allows all users to borrow Paxos Standard against Bitcoin.
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Cryptocurrency lending platform BlockFi has added support for cash on its platform, which enables customers to purchase crypto through wire transfers.
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BitGo, a crypto firm that claims to handle over 20% of all Bitcoin transactions, is launching an institutional-level crypto lending.
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Major crypto exchange Bitfinex has repaid another $100 million of the loan facility to stablecoin operator Tether.
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Celsius Network released its quarterly report where it reveals its growth in most reference metrics, having more than doubled the interest paid to users.
3203 - Analysis
With the total value locked in the DeFi market crossing $1 billion, industry stakeholders look toward greater global adoption.
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Cryptocurrency-lending startup BlockFi has secured $30 million from an array of investors, including Morgan Creek Digital, Winklevoss Capital and Arrington XRP Capital.
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