News
Customers can currently generate yields on Polkadot, Tezos and Cardano, but the bank said it planned to add more proof-of-stake protocols in the coming months.
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Lending News
Lending is a type of financial relationships between two parties: the lender and the borrower. The lender provides a loan of money or some other item for temporary use while borrower uses the provided loan under the conditions that guarantee its refund. Usually, lending is a services provided by financial establishments, although there is also peer-to-peer — i.e., person-to-person — lending that means that individuals do not use any kind of intermediary. This kind of p2p lending removes the middleman from the process. However, it takes more time and carries more risk. Lately, there has also appeared the possibility of online lending, including Bitcoin lending platforms. As cryptocurrency has grown in terms of price and popularity, Bitcoin lending sites provide more and more services for lending Bitcoin and other cryptocurrency.
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“It’s not $400 million. It’s the credibility that comes with the people who wrote those cheques,” Celsius CEO said.
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Abracadabra.Money enables users to provide collateral via interest-bearing tokens and borrow the Magic Internet Money stablecoin against their holdings.
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The number of hackathons is going up as the crypto industry is fighting for talent.
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A multichain platform aims to expand the DeFi market by accelerating the use of Bitcoin on Bitcoin and Ethereum networks.
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Loans may appear out of reach, but with this project, users can gain access to on-demand liquidity without the otherwise daunting experience.
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Coinbase CEO Brian Armstrong has stated that the SEC won’t meet with the firm while asserting that 50% of Washington officials are concerned over the risks of crypto.
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Vee Finance says it suffered a $35-million attack just a few days after launching its mainnet on Avalanche last week.
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The exchange hinted at difficulties in regulatory clarity across the crypto industry in its decision to not bring its Lend product to the market.
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"Companies dealing in cryptocurrencies are not immune from oversight,” said New Jersey’s acting attorney general Andrew Bruck.
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“We are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto,” said Khairi Azmi.
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Researchers from Stanford University and U.C. Berkeley contributed to the development of the crypto-asset lending platform.
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“They refuse to tell us why they think it’s a security, and instead subpoena a bunch of records from us,” said Brian Armstrong after he revealed that the SEC threatened to sue Coinbase.
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“I’m looking forward to continuing to advise this impressive group of leaders as they work to bridge the worlds of traditional finance and blockchain technology,” said Christopher Giancarlo.
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The Thai SEC is seeking public input for newly proposed crypto custody regulations until late September.
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