Lending

[SPONSORED] Crypto Lending Under the Hood | Full Webinar

[SPONSORED] Crypto Lending Under the Hood | Full Webinar

Crypto Lending Under the Hood This event is brought to you by BlockFi. BlockFi is building a bridge between cryptocurrencies and traditional financial and wealth management products to advance the overall digital asset ecosystem for individual and institutional investors. BlockFi’s platform manages more than $2 billion in assets and has generated tens of millions in …

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Bitcoin transaction values and fees grew in 2020’s third quarter

Sovryn launches Bitcoin-powered trading and lending platform

Users can now trade bitcoin on the newly-launched decentralized trading and lending platform Sovryn, the platform announced on Tuesday. The team behind Sovryn, which was built on the Bitcoin-powered smart contract platform RSK, says it will soon launch its decentralized governance platform as well.  The launch comes after Sovryn raised $2.1 million in funding. Investors …

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More than 1 billion DAI, the stablecoin of lending protocol Maker, has been created

More than 1 billion DAI, the stablecoin of lending protocol Maker, has been created

The amount of available DAI — the stablecoin tied to the Ethereum-based lending protocol Maker — has surpassed $1 billion, according to available data. DaiStats reports that a total of 1,001,031,052.54 DAI has now been issued. DAI is created when collateral, such as ETH, is locked into a smart contract called a Vault. That DAI …

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Genesis' Lending Rebounds in 2Q; Firm Acknowledges Unsecured Loans

Genesis’ Lending Rebounds in 2Q; Firm Acknowledges Unsecured Loans

Genesis Capital’s lending portfolio rapidly recovered in the second quarter after a sharp decline that resulted from the mid-March bitcoin (BTC) sell-off.  The cryptocurrency lender’s book of active trading loans increased 118% from the end of the first quarter to $1.4 billion at mid-year, the firm disclosed Tuesday. The blistering pace of growth was likely …

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Genesis CEO Details 'Black Thursday' Chaos in Q1 Lending Report

Genesis CEO Details ‘Black Thursday’ Chaos in Q1 Lending Report

Genesis, a trading firm that also lends to institutional cryptocurrency investors, has provided a behind-the-scenes look at how staffers scrambled to meet client demands as the spread of coronavirus sent bitcoin prices swooning last month.  As described in its latest quarterly lending report on Thursday, the peak of the drama came on March 12, when …

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