Celsius Network is the first crypto lending platform to become profitable according to its CEO Alex Mashinsky.
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.
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- News
by Helen Partz
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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by Helen Partz
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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by Helen Partz
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.
- 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 ...
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Over-the-counter digital currency trading and lending firm Genesis has closed the fourth quarter of 2019 with record high loan originations since its inception.
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Former Coinbase COO Asiff Hirji will be leading the expansion efforts of Figure, a financial services company using blockchain to replace paper documents.
- Analysis
Decentralized apps saw greater transaction volumes in 2019 but low user retention, and difficult to use apps still stall mainstream adoption push.
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by Aaron Wood
BlockFi, a major cryptocurrency lending firm, has added two new assets to its offering, Litecoin and USD Coin.
- Opinion
This article has been removed because it did not comply with Cointelegraph's editorial standards.
- Analysis
China’s latest bond issuance on the ledger is a sign of trust placed into the blockchain technology, but not everything may be rosy.
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Uphold and SALT form partnership to bring liquidity to millions of crypto holders through crypto-backed loans.
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