Japan’s SBI Holdings is launching a Bitcoin lending service
SBI Holdings has announced the launching of a crypto lending service, beginning with Bitcoin. The service will be available on the digital currency trading platform, SBI VC Trade. SBI Holdings, the leading financial services company in Japan, announced that it launched a cryptocurrency lending service on Tuesday. Starting with Bitcoin (BTC), the service will be […]
Bitfinex launches P2P lending platform which will allow users to borrow against crypto-holdings
Crypto-exchange Bitifinex is launching a new P2P lending platform called Bitifinex Borrow. Bitfinex users will be allowed to use their crypto-holdings as collateral to secure loans in either USD or USDT. The exchange follows in the footsteps of rival and crypto-exchange giant Binance. Crypto-exchange Bitfinex is launching a P2P lending platform, allowing users to use […]
US crypto lender, Cred files for bankruptcy
Crypto lender, Cred, had filed for bankruptcy protection. Recently, Cred halted fund inflows and outflows following irregularities in handling corporate funds. The San Francisco-based cryptocurrency lender, Cred Inc., has reportedly filed for bankruptcy just less than two weeks after its announced plans to suspend inflows and outflows of funds temporarily. The bankruptcy filing has alarmed […]
Ripple debuts an XRP-backed lending service for its ODL customers
Ripple has launched a new lending service based on XRP. The company intends to finance its ODL-customer businesses to boost their operations. The blockchain payment company behind the XRP cryptocurrency has ventured into the lending business with a new initiative dubbed Line of Credit. Based on its native cryptocurrency, the latest move from the blockchain […]
ADD.XYZ collaborates DIA to decentralized data oracles on its DeFi platform
ADD.XYZ is relaunching its DeFi platform in collaboration with DIA The plan is to move it from an API-based to oracle-based solution DIA will provide their DeFi-centric data feed solution ADD.XYZ has announced the collaboration with DIA. This partnership should deliver decentralized data oracles to on its DeFi platform. The main goal is to power […]
Most lucrative DeFi pool yEarn Finance delivers 1000% APY
Defi pool yEarn is on a roll as the most profitable yield farming machine returns a whopping 1000 percent annual percentage yield. The automated market maker of yEarn provides a solution to many problems faced by yield farmers. Recently, yEarn introduced a governance token that helped it democratize governance procedures. It comes with zero pre-mine […]
DeFi protocol Compound hits 1B USD in crypto loans
DeFi protocol Compound is on the verge of touching the $1 billion mark in crypto loans. This comes amidst total USD funds locked in Defi surpassing $2 billion. DeFi protocol Compound hits the billion dollar mark In consonance to the official Compound website, the total valuation of borrowed crypto assets under the Ethereum based lending […]
Huobi C2C lending service goes live, service fee down to 8%
Global exchange outfit Huobi has added another medal to the rack after it announced that it had started the much anticipated Huobi C2C lending service on its website. According to the official announcement, the exchange said that they were offering 50 percent off service charges for their customers, with the previous fees charged being 18 […]
Stolen crypto returned by Lendf.Me attacker, a change of heart?
Stolen crypto from Lendf.Me has been returned, it has been revealed. This is a strange twist of events as the attacker changes their mind. The decentralized finance lending platform dForce attacker made the decision because they had broken the basic hacker rule of revealing their identity. The Lendf.Me Sunday attack saw the platform lose over […]
Crypto lending market: Recovery enhanced by crypto volatility?
The COVID-19 pandemic has hurt the global market and the crypto market has also taken a huge hit. Federal authorities in the US are requesting the bank to inject fiat money by using their lending power which will help to boost the economy. The crypto lending market has been put to test in these tough […]
