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Bad Loans, Bad Bets, Bad Blood: How Crypto Lender Cred Really Went Bankrupt
12.11.2020
Cred’s bankruptcy filing mainly blames fraud by an outside party. The full picture painted by former employees is more complex, and highlights the risks of the budding crypto lending market
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
Cred customers demand answers after platform files for bankruptcy
9.11.2020
“We just want to know that our funds are safe,” said one Cred user
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
Desperation Among Filecoin Miners Creating a Big Market for FIL Borrowing
30.10.2020
The Filecoin network is facing liquidity problems, forcing some miners to borrow the native token at outrageous rates
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
Cred officially confirms suspension of fund inflows and outflows
29.10.2020
A supposed Uphold user said that the first issues on CredEarn started on Oct. 15
DeFi needs more fixed-rate lending protocols: Messari researcher
29.10.2020
Researcher argues that fixed rate lending and borrowing would bring DeFi closer to traditional finance
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
Notional Launches Out of Stealth to Bring Fixed-Rate Lending to DeFi
26.10.2020
Lending rates on all the top DeFi platforms are dizzyingly variable. Enter Notional, a new protocol with backing from Coinbase and others
Blockchain Bites: Hodl Hodl’s No-KYC Bitcoin Lending, Voyager’s Token Merging M&A Deal, Crypto’s Reaction to PayPal
22.10.2020
Hodl Hodl announced a no-KYC, P2P lending service. Reactions to PayPal's crypto market entrance. And a token-merging M&A deal
Bitcoin Hodlers Get a Lending Option With No KYC
22.10.2020
Hodl Hodl is launching a peer-to-peer lending marketplace for hardcore bitcoiners
How DeFi Can Avoid the Irrelevance of P2P Lending and Crowdfunding
16.10.2020
To avoid the fate of other p2p projects, DeFi protocols need incentives and feedback loops so users choose open-source over closed systems
DiFy.Finance (YFIII) Is an In-Development Software Fork of Yearn.Finance (YFI)
16.10.2020
DiFy.Finance, like YFI, the platform it is based on, is an environment of decentralized finance (DeFi) lending aggregators: it allows users to provide liquidity for the ecosystem by parking their cryptocurrency tokens in a smart contract vault and earning interest in return. By the virtue of...
YearnSwap Is All Set to Introduce Its Decentralized Ecosystem
14.10.2020
LONDON, United Kingdom, — YearnSwap.org – Is all set to launch its Decentralized protocols (Lending, Yield Farming, Staking) for public access, YearnSwap aims to provide an Ecosystem with many prominent features available in the market today. With this launch YearnSwap has stepped...
Defi Community Members Aim to Sue Yearn Finance Creator Andre Cronje and Fork YFI
12.10.2020
Members of the decentralized finance (defi) community are upset with Yearn Finance founder Andre Cronje over the mishap with Cronje’s secret Eminence (EMN) project. The Eminence protocol gathered $15 million before the project was ultimately hacked before the official launch. According to...
Ripple Enters Lending With XRP Credit Lines to Fund Global Payments
9.10.2020
Ripple, the payments startup with an IPO in the cards and a complex relationship with the XRP cryptocurrency, is branching out into lending