Lending

Silvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending

Silvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending

Shares of Silvergate are down 42% this year, though they’ve jumped 33% over the last week. The VanEck Digital Transformation ETF (DAPP), which holds a basket of various crypto stocks including exchange Coinbase (COIN) and miner Marathon Digital (MARA), has fallen 67% this year, but risen 15% over the last week. Rising rates and recession …

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[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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