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Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring
1.2.2020
A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related...
US Crypto Lender BlockFi to Launch Bitcoin Rewards Credit Card
2.1.2020
Bailouts From Asia to the EU Signal Recession and Potential Crypto Opportunity
19.12.2019
China’s Hengfeng Bank is set to get a $14.2 billion bailout from both Chinese government and foreign investors. An emergency decree has been approved to bail out southern Italy’s biggest lender, Banca Popular di Bari. Germany continues to struggle with bailout pains, as regional bank...
Crypto-Focused Lender Blockfi Launches Trading Platform
5.12.2019
Crypto financial services company Blockfi has launched a trading platform supporting three cryptocurrencies. The new offering adds to the company’s existing services: interest-bearing accounts and crypto-backed loans. Blockfi has completed registration with the U.S. Financial Crimes...
Crypto Lender BlockFi Rolls Out Zero-Fee Trading for Bitcoin, Ether, GUSD
5.12.2019
BlockFi, the cryptocurrency lending service, is expanding into trading with an unusual, zero-fee model
Student Lender SoFI Gets NY BitLicense, Clearing Way to Offer Crypto Trading
3.12.2019
SoFi has been granted a BitLicense by NYDFS, allowing it to provide crypto trading services to New Yorkers
Another Bank Run Highlights China’s Brewing Financial Crisis
28.11.2019
A regional lender has become the latest victim of the growing liquidity crunch in the world’s most populous country. Yingkou Coastal Bank, operating in the northeastern Chinese province of Liaoning, is the second institution within less than a month to see its financial stability threatened...
China Removes Bitcoin Mining From Unwanted Industries List
6.11.2019
Inspired by its new fascination with blockchain, China now seems to have changed its mind about cryptocurrency mining. The latest version of a national macroeconomic plan indicates that the government in Beijing has given up intentions to suppress the bitcoin mining industry, in which Chinese...
Another Chinese Lender Bailed Out After Bank Run
3.11.2019
Yichuan Rural Commercial Bank, a lender operating in the central Henan province, has become the latest Chinese bank to be bailed out by the government this year. The small financial institution, which has around 30 branches only in the Yichuan county, experienced a bank run sparked by rumors that...
Why French Lender SocGen Issued a $110 Million Ethereum Bond to Itself
11.10.2019
Societe Generale has no plans to resell its $110 million ethereum bond, but future blockchain trials will involve external investors, an exec said
German Bank Predicts BTC at $90,000 After Next Halving
3.10.2019
You wouldn’t expect a traditional financial institution to come up with a very optimistic forecast about the future of a cryptocurrency or an honest appraisal of its design. But Bayern LB, a lender based in the rich German province of Bavaria, has surprised the crypto community. In a recently...
Online Lender SoFi to Launch Bitcoin and Ethereum Trading Next Week
25.9.2019
The millennial-focused SoFi will offer trading in bitcoin, ethereum and litecoin next Tuesday and source its liquidity from Coinbase
Litecoin Foundation to Hold Undisclosed Treasury Sum with Crypto Lender
18.9.2019
The Litecoin Foundation has tapped Celsius Network, a blockchain-based crypto lending program, to become its preferred crypto wallet
Crypto Lender Dharma Pivots to Stablecoin Savings Accounts
29.8.2019
Dharma is getting out of the lending business, launching its V2 on the Compound protocol and focusing on savings accounts for DAI and USDC
Novogratz’s Crypto Bank Galaxy Digital Invests in Digital Asset Lender
8.8.2019
Cryptocurrency commercial bank Galaxy Digital provided funding to digital asset lender DrawBridge Lending
Cryptocurrency Lender Dharma to Postpone Accepting New Deposits and Loans
8.8.2019
Cryptocurrency lender Dharma has put a moratorium on new deposits and loans
Bitcoin and Ether Lender BlockFi Raises $18.3 Million Series A
6.8.2019
Winklevoss Capital, Galaxy Digital, and ConsenSys funded the crypto lender's latest round
Crypto Lender Dharma Adds Support for USDC
23.5.2019
Crypto lender Dharma has begun supporting the peer-to-peer lending of USDC