OKEx C2C Loans Now Available Against OKB as Collateral
The leading crypto spot and derivatives exchange platform OKEx has now started to accept the OK Blockchain Foundation’s
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Loans
Blockchain Startups Got $18M+ in US ‘PPP’ Bailout Loans
More than 40 companies in the blockchain and cryptocurrency industry collected at least $18 million in payroll loans from the U.S. government. Loan recipients included Zcash developer Electric Coin Company, Ethereum venture studio ConsenSys and Rainberry Inc., the U.S. entity acquired by Justin Sun’s Tron Foundation at the time of its
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Here’s What the Quicken Loans IPO Tells Us About the U.S. Housing Market
Quicken Loans is planning an IPO. The mortgage lender is cashing out ahead of what could be years of low interest rates. A hot U.S. housing market looks to be on borrowed time as federal protections expire at the end of July. It turns out Quicken Loans wants an initial public offering (IPO).
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Ripple Seems to Be Developing a Blockchain-Based Working Capital Loans Product
The blockchain-based payment network Ripple recently added a job opening on its official website for a “Director of Product Management, Loans.”The description indicates that Ripple is working on a new loan product to help its customers with working capital loans.Working capital loans are loans companies take to financially support their
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Bitcoin Lender Genesis Global Issues $2 Billion in Loans During Record Quarter
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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Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin
While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a new smart contract built on the RSK protocol, also offers
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DYdX’s Generates $1B in DeFi Loans Over One Year
Decentralized finance — of DeFi — lending protocol dYdX has produced more than $1 billion in loans since launching one year ago.The milestone was driven by consecutive monthly all-time highs during February and March of more than $250 million and $400 million respectively. Nearly 317,000 transactions have been generated across
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Crypto Lender Babel Hits $380M in Outstanding Loans
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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Uphold and Salt Partner to Bring Liquidity to Millions Using Crypto-Backed Loans
Uphold, a digital money platform providing access to investments and payments using blockchain technology, has announced a partnership with crypto-backed lending company Salt. Together, the two plan to provide users with cash or stablecoin loans using cryptocurrencies as collateral.Uphold’s 1.7 million users can now secure loans through Salt against
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Crypto Loans See Solid Growth, Platforms Attract Community Interest
It may seem surprising, but platforms designed for loans and lending through the use of cryptocurrencies are a relatively new development for the crypto industry. Each platform adheres to its own strategy, but the idea shared by all is that users put their cryptocurrency into an automated smart contract
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