Digital assets firm Cred eyes global expansion using Visa’s network
Crypto borrowing and lending platform Cred has joined Visa’s Fintech Fast Track program to further the adoption of DeFi loans. Go to Source Powered by WPeMatico
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Waves Powers Russia’s First Reported Crypto-Backed Bank Loan
Russian banks are not waiting for full regulatory clarity to issue crypto loans. Go to Source Powered by WPeMatico
Aave Ascends Market Rankings as Flash Loans Explode
Aave is climbing the DeFi and market cap rankings as its flash loans see daily volume exceeding $100 million. Go to Source Powered by WPeMatico
Mainframe’s Latest Blockchain Protocol Acquisition to Enable DeFi Bond System
Mainframe plans to integrate Sablier’s money streaming technology into a fixed-rate lending protocol and create tokenized debt markets akin to digital bonds. Go to Source Powered by WPeMatico
Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China
The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, China. This amount of gold “would be equivalent to 22% of China’s annual gold production … Read more
Celsius Users Can Now Buy Tether Gold via Debit and Credit Cards
Celsius users can now purchase Tether Gold via credit and debit cards with a minimum purchase amount of $50. Go to Source Powered by WPeMatico
Ripple Seems to Be Developing a Blockchain-Based Working Capital Loans Product
A recent job listing at blockchain-based payments firm Ripple indicates that it is working on a working capital loan product. Go to Source Powered by WPeMatico
MakerDAO Takes New Measures to Prevent Another ‘Black Swan’ Collapse
The DeFi lending market MakerDAO has updated its governance protocols to prevent another occurrence of forced liquidations that lead to huge losses. Go to Source Powered by WPeMatico
US Real Estate Market Shudders: Experts Predict 40% Lower Sales, March Contracts Dip by 21%
According to the National Association of Realtors, pending contracts for property sales dropped by 20.8% in March. Further, the 30-year fixed mortgage interest rate dropped to 3.43%, but a great majority of people are still not interested in buying or renting homes at the moment. Economists predict that home sales could shudder in the next … Read more
Dydx Processed $1.1 Billion Cryptocurrency Loans in 12 Months — 70% in Just 60 Days
Cryptocurrency lender Dydx advanced a total of $1.14 billion in digital asset loans over the past 12 months. But about 70% of the money was borrowed in just two months, February and March, as coronavirus-linked volatility triggered a frenzy of borrowing among investors. Monthly volume remained below $100 million in the nine months to January … Read more
