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“Arguments have been made that ETFs, as well as bitcoin exchanges, ignore what some believe is the single most important feature of bitcoin, the ability to control their funds without the need to place trust in a third-party to manage the asset,” said Jim Iourio, managing director of TJM Institutional
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Crypto exchange Uphold has denied owing around $784 million to the liquidation trust of bankrupt crypto investment platform Cred.At a court hearing on Jan. 11, Uphold filed a motion to dismiss all counts in the suit served against the firm by Cred in June 2022.Cred was a crypto lending service
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As evidence, the Cred Liquidation Trust points out that Cred’s founder, Dan Schatt, was a member of Uphold’s Board of Directors. The suit also claims CredEarn was at one time supposed to be called UpholdEarn. It was renamed, says the suit, to avoid regulatory risk. Original Source
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Cred Protocol, a decentralized credit scoring startup has unveiled the results of its first automated credit scoring system for users of decentralized finance (DeFi).Cred Protocol CEO Julian Gay, outlined the results in a Twitter thread which showed how Cred successfully utilized past transaction behaviour on the Aave protocol to assess
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“We wanted to make a bold statement on a large platform to educate the general public that advances in blockchain technology like those employed at Algorand have made it more green and sustainable than the first generation proof-of-work blockchains, and definitely more green than traditional banking and finance rails,” said
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Strong wound up purchasing a note from Income Opportunities by transferring the 500 bitcoin he was lending to CredEarn. A few months later, however, in July 2020, after Cred was already on the road to bankruptcy, Cred bought the note back from Strong for roughly 516 bitcoin. And then in
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