Monzo hit profitability after its lending volume for the period ending February 2023 ballooned to £759.7 million.
British neobank Monzo Bank has revealed it attained monthly profitability for the first time in 2023 following a lending surge. In its annual report for the year ending February 2023, the online bank said it became profitable attainsfirsttimeLendingMonthlyMonzoNeobankProfitabilitySurge Read More
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Binance is preparing to roll out a new product that would enable non-fungible token (NFT) holders to borrow crypto against NFT assets.
Binance NFT loan supports only ethereum borrowing
Crypto exchange giant Binance will launch the Binance NFT BinanceEntersLendingloanMarketNFTService Read More
After months in a closed beta, the NFT lending platform has witnessed the highs and lows of its competitors in the space and aims to boost NFT market liquidity while protecting the interests of lenders and borrowers.
Source AstariaCTOExSushiLedLendingNFTPlatformPublicRolls Read More
“The significance of this large volume can be positive, as it indicates liquidity and market validation,” said Ghergelas. “However, there are also potential negatives, as high volumes on Blend could increase the price volatility, impacting market stability and making it difficult for traders to predict price movements accurately.”
Source BlendBlursDappRadarLendingMarketNFTPlatformShare Read More
Atlendis Labs is a blockchain-based credit marketplace that offers revolving credit lines for small and medium-sized businesses and fintech firms.
Original Source AtlendisBanxaDeploysLendingOpensPlatformPolygonPoolupgrade Read More
MakerDAO, a decentralized autonomous organization that operates on the Ethereum blockchain and issues stablecoin DAI, has announced that it has launched the Spark Protocol, a lending solution for DAI users. Announcing the Spark Protocol launch ⚡️Starting May 9, 2023, Spark Protocol will be available to all DeFi users.An end-user, DAI-centered DeFi product DAIDeFiLaunchesLendingMakerDAOProtocolSolutionSparkUsers Read More
It’s possible that Blend has contributed to a short-term rise in the floor prices of some blue chip NFT collections, according to data from NFT marketplace OpenSea. Since May 1, the date that Blend launched, the floor price of the popular Bored Ape Yacht Club collection has increased from 47 BlendConcernsEcosystemLendingLiquidityNFTPlatformSparks Read More
According to data sourced from user @beetle from Dune Dashboard, nonfungible token (NFT) marketplace Blur has facilitated 8,820 Ether, or roughly $16.37 million, in loans through perpetual NFT lending protocol Blend one day after its launch. On May 1, Blur introduced Blend as a novel protocol for pledging NFTs for 16MBigBlurBrotherLedLendingLoansMachiNFTSurpasses Read More
David Lesperance, managing director and tax adviser at Lesperance Associates, called the HMRC’s proposal an “excellent result,” in a statement. Meanwhile, lawmaker Lisa Cameron, chair of a cross-party group for crypto in Parliament, said she was hopeful this would be the first step towards a comprehensive tax framework.
Source AdvisorsCryptoDeFiGovsLendingProposedStakingTaxTreatment Read More
Cryptocurrency exchange ByBit is the latest major platform to roll out an in-house cryptocurrency lending service for users.The Dubai-based exchange announced the launch of the service on May 2, delivering interest payouts to users that deposit cryptocurrency through the platform's new offering. The service is touted to payout hourly interest BitcoinBybitCryptocryptoexchangeExchangesJoinsLendingOfferingServices Read More