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Celsius reports it's doubled its crypto holdings to $2.2B in six months
10.11.2020
Centralized crypto lending platform Celsius claims to have doubled its crypto holdings in just six months and now boasts $2.2 billion in assets under management
Crypto Lender Cred Files for Bankruptcy
8.11.2020
In October, the lender published a cryptic letter saying that it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.”
Genesis Doubles Crypto Loan Issuance for the Third Quarter to $5.2 Billion
1.11.2020
Crypto lender Genesis provided $5.2 billion in new loans in the third quarter of 2020, more than double its previous record of $2.2 billion in the preceding quarter. Issued to corporate borrowers such as hedge funds and trading firms, the loans are mainly denominated in bitcoin (BTC), ether (ETH)...
Crypto Lender Celsius Taps Horizen for ‘Proof of Reserves’ Proof of Concept
30.10.2020
The proof-of-reserves pilot would take information that appears on Celsius’ website and have it fed from a public Horizen sidechain instead
Crypto Lending Boom, JustLink vs. Chainlink, USD 1m DeFi Bounty + More News
30.10.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto adoption news
Full-service crypto prime broker Genesis said that its lending business added over USD 5.2bn in new originations in...
ETH Gobbles Up Larger Share of Genesis Loan Book as Trading Firms Feast on DeFi Summer
30.10.2020
Genesis Trading saw the share of bitcoin in its loan portfolio drop – mainly due to demand for liquidity mining on DeFi protocols
Celsius Network founder gifts wife 15 million CEL tokens
28.10.2020
Alex Mashinsky has gifted his wife Krissy 15 million CEL tokens worth $20 million for her birthday
Japan’s Messaging Giant Line Introduces Crypto Lending Services
7.10.2020
Back in the summer of 2018, the Japanese messaging giant, Line Corp., launched a cryptocurrency exchange with over 30 digital assets. Now Line is introducing crypto lending services with five different crypto assets and a new lineup of decentralized applications (dapps). The Japanese messaging...
Japan’s LINE Starts Crypto Lending Service
7.10.2020
The makers of Japan's popular messaging app LINE is launching a crypto lending service through its BITMAX exchange
Leaked Recordings Suggest Crypto Lender Babel Leveraged Users’ Funds in Longing Bitcoin
2.10.2020
Leaked recordings suggest crypto lender Babel Finance leveraged some user funds to long bitcoin and faced potential default risks during this year’s Black Thursday market crash
Crypto lending rates are low and DeFi is not competition says Nexo co-founder
26.9.2020
It's all about location and perception
BlockFi Adds an Independent Pricing Partner to Guard Against Flash Crashes
27.8.2020
CF Benchmarks will now update prices on crypto deposits at BlockFi every second, allowing the lender to hedge against sudden market moves
Aave Becomes Second DeFi Project to Overtake MakerDAO for Most Crypto Deposited
25.8.2020
DeFi credit market Aave has pulled ahead of stablecoin mint MakerDAO for the title of most collateral staked on Ethereum, according to DeFiPulse
BlockFi Raises $50M From Universities, NBA Star, Others as Crypto Lending Soars
20.8.2020
BlockFi, a major player in the crypto-lending sector, has now raised nearly $100 million in the past 12 months
Crypto Savings Accounts Are Coming to Fintech Firms That Use Wyre
14.8.2020
Crypto payments startup Wyre is offering white-labeled savings accounts that dole out interest on crypto, the company announced Friday
Coinbase to Offer Bitcoin-Based Cash Loans of up to $20,000 Across 17 US States
14.8.2020
U.S. crypto exchange Coinbase will start offering bitcoin-backed cash loans to select customers as early as next month. Investors can borrow up to 30% of the bitcoin they hold on the exchange, or a maximum $20,000, it said. In a blog post on August 13, Coinbase unveiled its new crypto lending...
The Brave New World of Generating Yield Returns from Crypto Lending
7.8.2020
Ryan Anderson is the Head of Trading at Wave Financial Group, a Los Angeles and London based investment management company that provides institutional digital asset fund products. Before joining Wave Financial Group in 2019 Ryan was a research associate at Bridgewater Securities and trader...
Genesis Reports Q2 Crypto Loans Spiked 118% to $1.4 Billion Amid Rising Yield Farming Interest
5.8.2020
Genesis Capital said Tuesday that its total number of loans outstanding more than doubled to $1.4 billion for the second quarter to June, up from $649 million three months earlier. The crypto lender, which targets institutional investors and wealthy individuals, added over $2.2 billion in...
Genesis’ Crypto Lending Rebounds in 2Q; Firm Acknowledges Unsecured Loans
4.8.2020
Genesis’ crypto lending arm came back strong in 2Q after a rocky 1Q. Separately, executives acknowledged the firm makes some uncollateralized loans
Coincheck Revenues Down, Operator Launches Crypto Lending in US
30.7.2020
Coincheck, one of Japan’s leading crypto exchanges, has reported that its revenues are down by over a third on last year’s figures – although its operator has launched crypto lending services in the United States.
Per a financial report from its operator the Monex Group, Coincheck said that...