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African mobile banking platform Aella has partnered with Creditcoin Network to make credit histories transparent by integrating all its transactions into Creditcoin’s public blockchain.In an announcement sent to Cryptox, Creditcoin said that all Aella's credit transactions will be recorded on the Creditcoin blockchain, making it easy to audit and available
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Three days ago, Bitcoin.com News reported on the publicly listed company Voyager Digital after the crypto firm announced that it was owed $655 million worth of digital assets. Now according to a press release from Voyager, the company has secured funds from Alameda Ventures in order to get more access
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The Risks and Benefits of On-Chain Credit Protocols Source
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BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX.Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength.— Zac
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Though it is now in the position of backstopping a broader market crash, FTX is reportedly one of the firms that liquidated Celsius – the troubled decentralized crypto lending platform that was forced to halt all user withdraws last week. Celsius, one of BlockFi’s competitors, reportedly ran out of funds
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American Express and Abra are launching a new credit card that will allow shoppers to earn cryptocurrency rewards “tradable across over 100 different cryptocurrencies” without annual or foreign transaction fees. American Express and Abra Launching Crypto Rewards Credit Card American Express (Amex) and crypto trading platform and wallet provider Abra announced the
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American Express is rolling out it’s first-ever crypto rewards credit card as part of a partnership with Abra, according to a joint announcement at this week’s crypto conference Consensus in Austin. The announcement is a move in the footsteps of other major credit card providers, most notably Visa and Mastercard, but
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The iffy B- grade applies to Compound Treasury, a platform promising 4% yield for USDC-denominated business accounts. Source
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Gemini, a major cryptocurrency exchange founded by the Winklevoss twins, has launched its crypto credit card.The company officially announced Thursday that its Gemini Credit Card is available in the United States across all 50 states.The new card is issued by the state-chartered industrial bank WebBank and features Mastercard as the
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“The biggest thing is being able to get the protocol to mainnet, but do it in a safe manner,” RociFi Labs CEO Christopher Brookins told CoinDesk in an interview. “We’re allocating the appropriate resources to make sure we’re not just spinning up a new protocol as fast as possible, which
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