Crypto Lending

With Bitcoin just 5% from its 2017 ATH price, Japanese financial service giant SBI Holding has launched a Bitcoin lending service. Starting with just Bitcoin (BTC), SBI said it plans to include other major crypto assets like Ethereum (ETH) and Ripple (XRP), the official announcement revealed.  The company disclosed that the lending service would also feature more trading opportunities, as SBI explores the crypto space.  The new lending service dubbed VCTRADE LENDING will be available on SBI VC Trade, the company's…

On April 21, Dharma, an Ethereum-based peer-to-peer lending platform announced what it called Social Payments (a Twitter-native financial system) on Twitter. According to the peer-to-peer platform, it is launching the new system that allows Twitter users to accept payments in US dollars. “Introducing social payments – a Twitter-native financial ecosystem. Today, you can send USD to any Twitter handle, regardless of where that person lives — even if they don’t have a Dharma account. Now every Twitter handle accepts (and earns…

The crypto space has grown tremendously, but more progress has yet to be made regarding lending and borrowing digital assets. However, many companies are taking a step in this direction, and Aave is a perfect example.  Aave is an open-source DeFi protocol that allows users to borrow and lend digital assets. The platform has traditional loan features and several unique features that make it stand out.  This article will review the platform, understand its features, and how it works.  What…

Even with all the crypto world advancements, there haven’t been many significant crypto credit facilities. However, suppose we will advocate for the mass adoption of credit facilities. In that case, we need to ensure that we have services similar to the traditional financial system, but only with some advantages.  Fortunately, Nexo, a leading FinTech group, has taken it upon itself to provide the world’s first instant crypto-backed loans. Thanks to this platform, anyone with some crypto assets benefits from it without…

The crypto space has, in recent times, witnessed a surge in decentralized finance platforms, with crypto Compound finance being the latest innovation, which has grown incredibly in the past year. In crypto, compound finance refers to an algorithmic, open-source protocol that creates money markets, currently mostly on the Ethereum blockchain. In other words, a compound can be defined as a fully automated, decentralized money market protocol. Compound finance allows users and applications to access the financial platform remotely from any…

BTC and ETH holders are set to earn more in the revised BlockFi interest structure the firm has announced. According to Zac Prince, the firm's founder cum CEO the changes take effect on April 1. BlockFi Improved Offerings  The announcement indicates that Tier 1 BTC holders with up to 5 BTC on the platform will earn a 6% annual percentage yield (APY). On the other hand, Tier 1 ETH holders, those holding up to 500 ETH on the platform will…

BitGo, a crypto custody provider, will be launching an institutional-level crypto lending service. According to a 5th March 2020 announcement, this new venture named “BitGo Prime LCC” will be incorporated as a separate legal entity. BitGo Project's Business Interests BitGo's head of financial Services, Nick Carmi gave more details on this venture. This crypto lending platform shall aim to provide services to the credit market in a similar manner as more traditional financial markets. He believes this new venture shall…