Cryptocurrency lending

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First for SEC: Crypto Lending Platform Charged — Blockfi Agrees to Pay $100 Million in Penalties

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The U.S. Securities and Exchange Commission (SEC) has charged cryptocurrency lending platform Blockfi in a first-of-its-kind action. The crypto lender has agreed to pay $100 million to settle the charges and pursue necessary registrations. SEC Charges Crypto Lending Platform Blockfi The U.S. Securities and Exchange Commission (SEC) announced Monday that crypto lending platform Blockfi has … Read more

NY Attorney General Targets 5 Crypto Companies: 2 Lending Platforms Ordered to Shut Down

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New York Attorney General Letitia James has ordered two cryptocurrency lending platforms to shut down and requested three other platforms to answer questions regarding their activities immediately. The letters to the companies published on the attorney general’s website indicate that the two platforms are Nexo and Celsius Network. New York Cracks Down on Unregistered Crypto … Read more

High Interest Rates on Cryptocurrency Loans are not Sustainable

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One peculiar trend in the cryptocurrency industry is how crypto loans can become very lucrative. A lot of platforms and services now offer interest rates of up to 10% for specific currencies and assets. Although this gets many people excited, one has to openly question how sustainable this business model really is.  Establishing Interest Rates … Read more