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Crypto lender Celsius is producing a series of experiments over the next few months that would test what it would look like for the company to decentralize some of its operations. The centralized finance (CeFi) stalwart is working with Horizen, a platform that develops and maintains the privacy token ZEN, to
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An attacker found a way to mint unbacked iTokens that they could then redeem against other cryptos held in lending pools for DeFi lender bZx. Source
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In its terms of use, Celsius reserves the right to re-hypothecate customers’ assets, but it’s ambiguous whether the passage refers solely to depositors’ funds or to borrowers’ pledged collateral as well. “In consideration for the rewards earned on your Account and the use of our Services,” the document says, “you
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BlockFi is on the hunt for a chief financial officer. The new hire could help bring the company public as early as the second half of 2021, CEO Zac Prince confirmed.It seems that famous crypto lender BlockFi is looking to hire an experienced corporate financial professional to launch a possible
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BlockFi said it's seen a surge in revenue since the bitcoin halving and the launch of its mobile app. Source
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Cryptocurrency lending and borrowing platform Celsius Network has topped 50,000 Bitcoin (BTC) in deposits — worth over $380,000,000 — since its launch back in August 2018. With over 100,000 active users of its app, the company’s growth is now on track to outperform 2019 by 60%. Speaking to Cryptox on May 1,
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Genesis Global Trading has reported a 100% jump in new loan originations in the first quarter. The cryptocurrency lender and trading platform added a record $2 billion in new loans in the three months leading to March 2020, up $1 billion from the previous quarter. BTC accounted for 44.8%
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Major cryptocurrency exchange and wallet provider Huobi has partnered with decentralized crypto lending platform Cred to enable users to earn interest on their holdings.An announcement on April 1 revealed that Cred’s lending and borrowing services will be fully integrated into the Huobi Wallet, which supports over 1,000 crypto assets,
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A blockchain lending firm has seen the value of total loans funded surge to $1 billion since the United States Federal Reserve announced its emergency stimulus interest rate cut last week.In an announcement on March 10, Figure Technologies — which claims to be the industry’s first fintech to bring
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Chinese cryptocurrency lending startup Babel Finance said it has reached a record of $380 million in outstanding loans as of February.Flex Yang, co-founder of Babel Finance, said on Thursday the firm's outstanding loans have grown from $52 million-worth of USDT as of Q1 2019 to $289 million as of the
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