Lending

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The Daily: Nexo to Pay Interest on Stablecoins, Startups Launch Bank Services

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In this edition of The Daily, we cover Nexo’s recent decision to pay interest on stablecoin holdings, as well as a project by two Swiss cryptocurrency companies to offer exchange and custodial solutions for financial institutions that handle digital assets. We also look at Bitfinex’s newly updated app for “on-the-go” traders.  Also read: Security Startup Raises … Read more

Top 4 Blockchain and Cryptocurrency Lending Platforms for 2018

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There is an interesting correlation between cryptocurrencies and lending. Various companies have come and gone in this regard, some more legitimate than others. The following four companies providing true cryptocurrency lending services are ranked in terms of overall market dominance. Each company offers its own advantages and potential drawbacks, which makes them all worth keeping … Read more

Crypto-Backed Lending Platform Blockfi Approved to Operate in California

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Back in July, news.Bitcoin.com reported on the cryptocurrency-backed USD lending platform, Blockfi, which raised $52.5m from investors in an investment round led by Michael Novogratz’s Galaxy Digital. On Monday, Blockfi announced the firm is now servicing residents from California and the latest expansion leads to the crypto-lending service being available in 44 states. Also Read: Novogratz’ … Read more

Japanese Public Company Offering Loans Secured by BTC, BCH, ETH

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A Japanese company listed on the Tokyo Stock Exchange is offering loans secured by three cryptocurrencies: BTC, BCH, and ETH. Clients can borrow up to 300 million yen (~$2.7 million) at varying interest rates. The company has also established a subsidiary overseas for its crypto business. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more

Binance Labs Announces Partnership With Libra Credit

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Binance Labs, the investment wing of the leading cryptocurrency exchange, Binance, has announced that it has invested in Libra Credit – “a decentralized digital asset financial services platform.” The partnership will allow holders of Binance’s native token, Binance Coin (BNB), to use their BNB as collateral for loans in crypto of fiat currency. Also Read: Pantera … Read more

SALT Lending Faces Some Major Setbacks

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Various cryptocurrency firms have tried their hand at the lending business. Most of those firms have failed, for rather obvious reasons. It now seems SALT Lending is headed in the same direction, as the project has allegedly suffered some big setbacks over the past few days. SALT Lending Is Struggling It is evident there are … Read more

Novogratz’ Galaxy Digital Leads $52.5 Million Blockfi Fundraiser

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Galaxy Digital, a merchant bank founded by famed bitcoin investor and president of the Fortress Investment Group, Michael Novogratz, has led a $52.5 million investment round for cryptocurrency-backed USD lending platform, Blockfi. Also Read: Coinbase Now Offers Crypto currency Gift Cards in Europe and Australia Novogratz’ Galaxy Digital Leads $52.5 Mn Fundraiser for Crypto-Backed Lending Platform In … Read more

Japanese Corporation Begins Offering Loans Secured by Cryptocurrency

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An established Japanese corporation has begun offering loans secured by cryptocurrency. The company says this is the first service in Japan where loans in Japanese yen can be obtained with cryptocurrency as collateral. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Loan Program Abic Corporation announced Friday the launch of its bitcoin loan … Read more