Tagged: crypto lending

New York Attorney General Tells Two Unregistered Crypto Lenders to Stop Lending, Investigates Three Other Crypto Platforms

The New York Attorney General has ramped up its regulation of crypto firms operating in the state by demanding two “unregistered crypto lending platforms” to halt operations while revealing the AG has initiated investigations regarding three more crypto service providers. The move aligns with the… Read More

Digital Asset Platform Celsius Network Secures $400M in Capital from WestCap, Others

Celsius Network, the international digital currency earning and borrowing platform, reveals that it has finalized a $400 million investment that was led by WestCap, a growth equity company, as well as Caisse de dépôt et placement du Québec (CDPQ), a global investment group. The transaction… Read More

LendingBlock, a Crypto Lending Platform, Opens for Business on Monday

LendingBlock, a Gibraltar licensed DLT provider, will officially commence crypto lending on Monday (October 4, 2021) according to posts on Telegram. Gibraltar has positioned itself as a jurisdiction that is digital asset friendly in a regulatory compliant ecosystem. LendingBlock states: “Lendingblock opens for business Monday,… Read More

BNPL Pay, a Decentralized Lending Protocol, to Enable Financial Inclusion

BNPL Pay, a “decentralized” lending protocol that “puts credit in the hands of those who need it the most (users without capital), says that it aims to address the problems presented by uncollateralized borrowing through their “novel” design of “a decentralized network of banking nodes.”… Read More

Celsius Secures Backend Pricing of Digital Assets using Chainlink, with Goal to Decentralize Crypto Lending Platform

Celsius has secured the backend pricing of crypto-assets using Chainlink, which is considered a major leap in CeFi “decentralization.” As stated in the update from Celsius: “In one of the most ambitious moves towards decentralization, Celsius is now leveraging the industry-leading Chainlink Price Feeds to… Read More

Global Fintech Circle to Offer Competitive New Yield Product, Developed on Major Stablecoin USDC

Global Fintech Circle is now providing what it claims to be a “market-leading” Yield product developed on major stablecoin USDC. The new product is currently available for certain clients through an Early Access Program, the Circle team confirmed in a recent blog post. As mentioned… Read More

Alex Mashinsky’s Celsius Network Secures $10 Million Equity Investment from Tether Ltd

Tether Ltd, the company behind the world’s largest stablecoin USDT, has reportedly made a $10 million equity investment into the operations of the Celsius Network, a leading digital asset lending platform, which now has a $120 million pre-money valuation and $150 million post-money valuation. Celsius… Read More

Cryptocurrency Lender Nexo Introduces PAX Gold Credit Line for Retail Investors

Digital asset lender Nexo has introduced a PAX Gold (PAXG) credit line for retail clients. Nexo’s management noted that it will allow all investors to use the PAXG token as a collateral option. This offering was only available for the company’s institutional clients. PAXG is… Read More

DeFi: Leading Ethereum-based Decentralized Finance Credit Facility, MakerDAO, is Planning to Conduct MKR Governance Token Auction

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

MakerDAO, a leading Ethereum (ETH)-powered decentralized finance (DeFi) credit facility, is reportedly planning to conduct a MKR governance token auction within two days from now. This marks the first time that this type of event will take place in Maker’s history. The MKR auction, called… Read More

Report: Former Wall Street Traders Warn of Crypto Lending Bubble

The availability of cheap, cryptocurrency-collateralized loans is growing unsustainably and could induce a crisis, two former Wall Street traders now working in crypto lending have told Bloomberg. According to the outlet, the crypto-collateralized loan industry is a relatively new one that mostly emerged in the… Read More

Jason Urban: DrawBridge Lending CEO Discusses Risk and Compliance for Lending Capital to Bitcoin Holders

Earlier this month, DrawBridge Lending (dba DBL Digital), a digital asset lending, borrowing and investment management firm, partnered with Kingdom Trust, a qualified custodian providing a self-directed IRA incorporating several digital assets with property and traditional asset investments. DBL Digital and Kingdom Trust aim to… Read More

Crypto Lender Celsius Network Announces New Partnership With Bitcoin.com

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it has formed a new partnership with Bitcoin.com. According to Celsius Network, users of its services are now able to purchase BCH, BTC, ETH, and other mutually supported cryptocurrencies through the Celsius app using… Read More

Crypto Lender Celsius Network Tops $300 Million in Coin Deposits & Completes More Than $2 Billion in Originated Crypto Loans During First Year

Celsius Network, a cryptocurrency lending and borrowing platform, announced on Thursday it has topped  $300 million in AUM and $2.2 billion in loans. Celsius Network reported: “These new numbers reflect the company’s unparalleled growth during its first year in operation and places Celsius as the… Read More

Send this to a friend