New crypto card by Nexo allows users to pay without selling Bitcoin
Nexo has officially launched its cryptocurrency credit card in collaboration with Mastercard after announcing the project back in 2019. Go to Source Powered by WPeMatico
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Michael Saylor: Financial markets are ‘not quite ready’ for Bitcoin bonds
“Not quite ready” — MicroStrategy CEO Michael Saylor said that traditional financial markets aren’t prepared for bonds backed by Bitcoin. Go to Source Powered by WPeMatico
MicroStrategy subsidiary will purchase Bitcoin after closing $205M crypto-collateralized loan
The price of Bitcoin is $47,806 at the time of publication, making MicroStrategy’s current 125,051 BTC holdings worth roughly $6 billion. Go to Source Powered by WPeMatico
Santander to Offer Loans Backed by Agricultural Commodity Tokens
Santander is developing the possibility of offering loans backed by tokens that are collateralized in agricultural products. The bank has partnered with Agrotoken, a company that launched a series of agricultural commodity tokens already being used in agriculture-related markets to make transactions. A pilot test has been conducted to validate the system used to produce … Read more
Crypto.com gives users in excluded countries one week to repay loans
The decision by Crypto.com comes just within a month of BlockFi’s $100 million penalties for its lending products, as many speculate regulatory clampdown could be the potential reason behind the decision. Go to Source Powered by WPeMatico
No Crypto Loans and Fewer Trading Options – Russian Finance Ministry Clarifies Regulatory Plan
Russian authorities are not going to allow cryptocurrency lending, the finance ministry has announced, clarifying its proposals for crypto market regulation. The treasury department also revealed that not all cryptocurrencies will be available to Russian investors under the new rules. Russian Government to Restrict Investor Access to Crypto Assets Authorities in Moscow are not planning … Read more
Hashstack launches Open protocol testnet, offering under-collateralized loans
Harmony’s Ecosystem Fund financed Hashstack’s solution to improving DeFi lending. Go to Source Powered by WPeMatico
What are flash loans in DeFi?
Flash loans, though relatively new, are quickly rising in popularity. Learn more about these uncollateralized-type loans in crypto in the article below. Go to Source Powered by WPeMatico
El Salvador Plans to Offer Crypto Loans to Small-Scale Entrepreneurs
The government of El Salvador will offer cryptocurrency-based loans to small companies. Conamype, the National Commission for Micro and Small Enterprises, will be the link between the investors and a decentralized finance protocol called Acumen, that will be able to provide funding in stablecoins. The aim being to help small investors that have no credit … Read more
El Salvador explores low-interest loans backed by Bitcoin
The Salvadoran government is looking to create a Bitcoin-backed loan product for micro and small businesses across the country. Go to Source Powered by WPeMatico
