BitGo Launches Its First Institutional Crypto Lending Service
Major cryptocurrency firm BitGo launches its first institutional-focused crypto lending service Go to Source Powered by WPeMatico
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Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor
In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project and global stablecoins. Also read: SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as … Read more
Bitfinex Completes Another $100M Loan Facility Repayment to Tether
Hours after experiencing a major DDoS attack, Bitfinex announces repayment of another $100 million of the loan facility to Tether Go to Source Powered by WPeMatico
Celsius Doubled Its Total Paid Crypto Loan Interest Since November
Crypto lending platform Celsius continues to grow its user base, and has doubled its total paid interest since late last year Go to Source Powered by WPeMatico
Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget under pressure, however, there are indications that Beijing … Read more
DeFi Begins to Move From a Sub-niche Market to Mainstream Finance
Stakeholders identify some of the pain points for the DeFi industry as the market looks to grow beyond its $1 billion valuation Go to Source Powered by WPeMatico
Crypto Lending Firm BlockFi Secures $30M to Facilitate Mainstream Adoption
BlockFi has raised $30 million from an array of investors, including Morgan Creek Digital, Winklevoss Capital and Arrington XRP Capital Go to Source Powered by WPeMatico
Genesis Crypto Lending Firm Hits New Record in Loan Originations in Q4 2019
Cryptocurrency lending firm Genesis closed the fourth quarter of 2019 with a historic high in loan originations Go to Source Powered by WPeMatico
Former Coinbase COO Joins Figure, Creator of the Provenance Blockchain Platform
Former Coinbase COO joins Figure, the creator of the Provenance blockchain platform Go to Source Powered by WPeMatico
User Retention: The Holy Grail for DApps Moving Beyond Buzzword Status
DApps are still struggling with user retention and high app turnovers, but DeFi-focused apps might offer an avenue for greater adoption Go to Source Powered by WPeMatico
