Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Cred
Former Cred Executives Indicted for Wire Fraud and Mismanagement
The post Former Cred Executives Indicted for Wire Fraud and Mismanagement appeared first on Coinpedia Fintech News Three former Cred executives, including co-founder Daniel Schatt, are indicted on charges related to wire fraud and financial mismanagement. A defunct crypto lender, Cred, filed for bankruptcy in 2020 and faced liabilities between $100 million to $500 million. However, the company’s failure led to mishandling of funds and undisclosed and risky lending practices. Current allegations include diverting funds to a Chinese micro-lender and…
1 year ago
Cred Enables Litecoin Holders To Earn up to 10% Interest on Their Assets
Good news for Litecoin holders, they can now earn up to 10 percent interest on assets thanks to a strategic partnership. The Litecoin Foundation announced this on the 10th of February 2020. It states that it is partnering with Cred, a California based crypto lender to enable the borrowing and lending of Litecoin. About The Deal This financial services support is global, available to all holders of the crypto in at least 190 nations. Litecoin holders now get to make…
5 years ago