Crypto lending company BlockFi has lowered the interest rates for their biggest cryptocurrency deposit accounts.
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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by Helen Partz
Startup Finturi has secured $2.2 million to let businesses secure loans against invoices with blockchain and AI.
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BlockFi has launched new cryptocurrency accounts bearing 6 percent annual interest paid monthly in crypto.
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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 Aaron Wood
Fintech startup Figure, which was founded by SoFi founder Mike Cagney, has reportedly raised $65 million from major venture capital funds.
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A company is offering cash loans of up to $30,000 with crypto as collateral — all without borrowers needing to sell their digital assets.
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by Helen Partz
Blockchain-based lending firm Dharma Labs raised $7 million from big investors including Coinbase Ventures.
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Cryptocurrency lending company Genesis Global Trading processed $1.114 billion in borrows and lends last year.
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by Helen Partz
Novogratz's Galaxy Digital is planning to launch a funding round for crypto lending in March, according to an unconfirmed report.
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Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria, has closed a €150 million loan using blockchain technology.
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by Helen Partz
Russia’s non-profit copyright society plans to launch a blockchain-powered platform for managing intellectual property-secured loans.
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Crypto loans company Salt, once associated with Erik Voorhees, is facing an SEC probe over its 2017 $50 million token sale and whether Voorhees’ involvement bro...
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by Helen Partz
Banco Bilbao Vizcaya Argentaria (BBVA) has carried out a blockchain-based syndicated loan of $150 million with BNP Paribas and MUFG.
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U.K.-based bank Natwest will integrate a new blockchain platform underpinned by R3 Corda technology for use in the syndicated loans market.
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Genesis Global Trading says it has seen an “incredibly strong reception” from institutional clients
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