Galaxy Digital Acquires 2 Crypto Firms, Sees Big Wave of Institutional Demand for Bitcoin

Bitcoin Bull Michael Novogratz’s company, Galaxy Digital, has acquired two cryptocurrency firms in preparation to meet a “bigger wave of institutional demand” for bitcoin. Big Wave of Institutional Demand for Bitcoin Incoming Galaxy Digital Holdings announced Friday that it has acquired two cryptocurrency trading firms: Drawbridge Lending and Blue Fire Capital.

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Galaxy Digital Makes Twin Acquisitions in Bid to Strengthen Institutional Appeal

The cryptocurrency merchant bank has acquired a lending firm and a trading company as it seeks to become the "go to" platform for institutional access to digital assets, the firm said Friday.

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AlphaPoint launches Yield Platform to power crypto lending, staking and rewards

Digital asset software company AlphaPoint today announced the launch of the AlphaPoint Yield Platform available for use by marketplace and wallet operators using the company’s technology. Exchange and brokerage operators will have the ability to manage borrowers, lenders, rates, and distributions all on one simple to use platform featuring automated and manual settings and detailed […] CryptoNinjas » AlphaPoint launches Yield Platform to power crypto lending, staking and rewards

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Ripple now offers loans to RippleNet and ODL users

Ripple announced it is launching a lending business with XRP as the company looks...

The post Ripple now offers loans to RippleNet and ODL users appeared first on Coin Journal.

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Max Levchin’s Lending Company Affirm Confidentially Files for an IPO in the US

Coinspeaker Max Levchin’s Lending Company Affirm Confidentially Files for an IPO in the USAffirm's IPO will take place as soon as the SEC completes its review process, subject to market and other conditions.

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Crypto Company Cred Joins Visa’s Network to Facilitate Payment Services

Coinspeaker Crypto Company Cred Joins Visa’s Network to Facilitate Payment ServicesCred, a digital asset lending platform, has decided to join Visa’s Fast Track program to expand its network and offer better borrowing and lending services.

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CEX.IO set to provide instant crypto-backed lending service

The international exchange company is looking to launch a digital asset-backed lending service of... The post CEX.IO set to provide instant crypto-backed lending service appeared first on Coin Journal.

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Fueling the Cannabis Industry: US Crypto Lending Service Files for Regulated Token Sale

Chicago-based lending firm Ceres recently filed for a request to conduct a Reg. A sale in order to get approval from the U.S. Securities and Exchange Commission (SEC). Ceres wants to launch a token that will be used for garnering equity, while the company also wants to launch a coin that can be used to […] The post Fueling the Cannabis Industry: US Crypto Lending Service Files for Regulated Token Sale appeared first on Bitcoin News.

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Nexo Finance Rolls Out A New Lending Offering For Bitcoin & Ethereum, Now Offers Up To 10% Interest

Nexo, a leading player in the crypto lending sector, recently increased its crypto lending offering. The company, which was the first to offer instant credit lines with crypto as collateral, announced it had added BTC and ETH to its recently-launched Earn on Crypto products.

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Samsung-Backed Blocko Partners IsDB to Offer Sharia Compliant Blockchain Lending

The Islamic Development Bank’s (IsDB) research division has collaborated with Blocko, a blockchain technology company, to build a blockchain-powered credit system.   Sharia-compliant Blockchain Lending According to a report by Construction Business News on Tuesday (June 16, 2020) IsDB’s Islamic Research and Training Institute (IRTI) together with Blocko, is developing a blockchain-based credit system for businesses.

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From Cross-Border Payments To Loans: Ripple Is Expanding Into Working Capital Lending For Its RippleNet Customers

Ripple, the company behind the XRP cryptocurrency, is better known for its cross-border payments services to banks and payment providers. The blockchain payments startup is now branching out to working capital loans for its customers.

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Ripple loans may open the door for XRP adoption, liquidity

Ripple has been working to establish its presence worldwide and according to a recent job listing, it looks like the real-time gross settlement company is dipping its feet in the lending pool. AccordiThe post Ripple loans may open the door for XRP adoption, liquidity appeared first on AMBCrypto.

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Crypto Lender, Genesis, New Loans Issuance Hits $2B In Q1 For Its Largest Quarter Ever

Renowned crypto lender Genesis Global Capital has revealed a healthy finish of the first quarter of this year. In its latest quarterly lending report shared with Bitcoin Exchange Guide, the company revealed that it issued approximately $2 billion in new loans in the just concluded first quarter of this year. This was double the amount […]

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Huobi Wallet to Integrate Crypto Lender Cred Allowing Users To Earn Interest

The crypto exchange offering wallet services Huobi has closed a partnership with the decentralized crypto lending company Cred in order to offer user's interest on their holdings. The announcement that Huobi Wallet is going to integrate Cred’s borrowing and lending services was made on April 1.

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Bitcoin-Friendly Square Obtains Conditional FDIC Merchant Lending License

The U. S. Federal Deposit Insurance Corporation (FDIC) has granted conditional approval for Square to function as an Industrial Loan Company (ILC). FDIC Grants Square’s Deposit Insurance Application According to a press release issued on Wednesday (March 18, 2020), the FDIC Board approved Square’s deposit insurance application to create a “de novo industrial bank.

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Payments Unicorn Square Gets Limited Bank Charter for Merchant Lending

Square Financial Services was given conditional approval by the FDIC Board for an Industrial Loan Company bank charter on Wednesday.

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Nasdaq Issues Warning to Bitcoin Mining Company

According to recent reports, Nasdaq recently notified Golden Bull Limited, warning the company that it is no longer compliant with listing rules due to the lack of Form 6-K. Golden Bull Limited, a company that operates as an online finance marketplace and a lending firm, was recently contacted by Nasdaq with a warning.

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BlockFi to launch BTC Rewards Credit Card and Add Support for Litecoin & USDC

BlockFi, a cryptocurrency lending service backed by Winklevoss Capital, Galaxy Capital and ConSenSys Ventures among others will be coming with its newest product, the BTC rewards credit card, announced the company in its letter from founders where it reflects on 2019 and what to expect in 2020.

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Uphold Will Start Offering Cash and Crypto Loans in Partnership With Salt

Uphold announced a partnership with crypto-backed lending company Salt in order to offer its users the possibility to request loans using cryptocurrencies as collateral. The news was reported by Finance Magnates on December 13.

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Deutsche Boerse and HQLAX’s Securities Lending DLT Platform Execute First Live Transactions

Deutsche Boerse’s press release from December 3 is saying the company has developed the security lending platform in partnership with the HQLAX fintech, which got launched by R3 and works with Corda DLT to offer collateral management and liquidity products.

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BlockFi Raises BTC and ETH Interest Tiers as Institutional Demand Surges

BlockFi has increased its high-yielding tier levels for Bitcoin and Ether, suggesting institutional interest in borrowing crypto is rising. BlockFi announced yesterday that it is making changes to its most lucrative tier one lending offerings.

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Celsius Network surpasses $4 billion in crypto loans

Celsius Network, a cryptocurrency lending platform, announced that it has surpassed $4. 25 billion in loan origination. In a press release shared with CryptoSlate, the company said that it was a 93 percent increase from the $2.

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Celsius Network surpasses $4 bn in crypto loans, CEL remains illiquid

Celsius Network, a cryptocurrency lending platform, announced that it has surpassed $4. 25 billion in loan origination. In a press release shared with CryptoSlate, the company said that it was a 93 percent increase from the $2.

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Genesis Capital Records $870 Million in Q3 Loans as Centralized Crypto Lending Market Widens

Genesis Capital, an institutional crypto lending company, has seen a 38 percent increase in loans originated from Q2 this year, with $870 million worth of loans given out. As per their Q3 insights report, total originations in the last one and a half years stands at a whopping $3.

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Bitcoin IRA to Offer Interest-Bearing Cryptocurrency Accounts to Clients

In a press release issued on October 21, 2019, Bitcoin IRA, a firm that claims to be the world’s first, largest and most secure digital asset IRA technology company, announced that it had partnered with cryptocurrency trading and lending firm Genesis to allow its clients to earn interest on crypto and cash holdings.

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Bitcoin Startup Takes to the Swiss Streets With Tram-Side BTC Marketing Effort

Footage posted by a Swiss crypto startup earlier today shows a tram emblazoned with the word “Bitcoin” and the firm’s branding travelling through the Zurich streets. The company behind the marketing campaign offers a range of crypto financial services including custody, trading, and lending.

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BlockFi Introduces Suite Of Institutional Investor Services

BlockFi has formally announced the introduction of BlockFi Institutional Services. Previously a retail hodler-focused company, it is now introducing enterprise-grade financing solutions for digital assets for institutional investors like market-makers, funds, exchanges, and family offices.

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Marshal Lion Group Coin ICO

Marshal Lion’s issue objective is to create a special blockchain-based platform that will grant investors easy, safe and comprehensive access to the non-bank lending market, as well as to provide a tool to allow convenient use of this platform - a token.

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ConsenSys launches DeFi Score with an intent to evaluate financial risk in DeFi lending

Earlier today, blockchain software technology company ConsenSys announced the launch of ‘DeFi Score,’ – “an open-source methodology to evaluate code and financial risk in DeFi lending.

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Marshal Lion Expands to China

Marshal Lion Group is a company that dared to transfer its achievements in fiat finance to the blockchain platform. The company has been operating since 2015 in the non-bank lending market. During this time, more than 10 thousand satisfied customers made up the company’s portfolio.

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Watch Out, Day Traders: Crypto Quant Trading Is Coming For Your Gainz

Crypto trading is a tough game, but a new acquisition could make it even more competitive. Genesis, an OTC crypto trading and lending group, is now adding the quant trading capabilities of Qu Capital after its acquisition of the New York-based investment company.

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Binance to Debut Crypto Lending Options with ZEC, DASH and XMR

Binance is ready to take its Binance Lending Service to the next level. The company, which  launched its program back on August 28, is set to make a huge upgrade this week. Users will be able to start profiting from lending three major altcoins: Dash (DASH), and the two top privacy coins Zcash (ZEC) and […]

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Binance Teases FATF, Allows Lending via Privacy Coins

Binance, one of the world’s leading cryptocurrency exchanges by trading volume, is adding three anonymity-focused cryptocurrencies to its loaning platform. The Malta-based company said in a blog post that Binance Lending would allow users to lend in Monero, Zcash, and Dash.

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BlockFi’s Customers Can Start Earning Up To 6.2% Interest On Crypto; No Matter How Much You Hodl

BlockFi, a cryptocurrency lending platform has indicated that its customers will now start earning interest on all their deposits, regardless of whether they are GUSD (Gemini Dollar), ETH (Ether), or BTC (Bitcoin).

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Coinbase And Pantera Backed, Staked, Launches RAY Protocol To Maximize Staking And Lending Yields

The decentralized finance (DeFi) industry is growing at an astronomical pace and developers are finding better and more efficient methods to increase yields for these assets. Staked –a DeFi company that raised $4.

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Binance continues crusade for crypto world domination with new dev platform

Just days after announcing its digital asset lending platform, one of the world’s largest cryptocurrency exchanges Binance has announced the launch of another new platform, this time targeted at blockchain developers.

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Cred Crypto Lender Onboards New CFO Who was Previously an Executive with PayPal

The crypto lending platform Cred has recently decided to hire Joe Podulka, who will join the firm to become the new Chief Financial Officer (CFO). Podulka was known for his work on the giant of payments PayPal.

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Earn up to 15% interest on BNB, Tether, and Ethereum Classic on Binance

Binance announced the launch of a lending platform, offering up to 15 percent annualized interest rate for 14-day fixed-term BNB, USDT, and ETC based instruments. Crypto lending comes to Binance Binance, one of the largest cryptocurrency exchanges in the world, officially announced the launch of its lending platform.

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Silvergate Bank Looking to Become Institutional Crypto Lender

One of the few go-to financial service providers that are Bitcoin and Crypto friendly, Silvergate Bank, is looking to expand its services to include crypto-currency lending, according to an updated IPO filing.

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Galaxy Digital Stays Busy with New Investment into A Crypto Asset Lender, DrawBridge Lending

DrawBridge Lending (DBL), a digital asset loaning, borrowing and investing company, has announced that it has received an investment from Michael Novogratz’ owned merchant bank Galaxy Digital with the aim to greatly expand DBL’s institutional investment and lending capacity.

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Instant P2P Crypto Lending Service Dharma Lever, Halts Loans And Deposits On The Platform

Dharma Lever launched back in 2017, during the crypto boom giving its users a platform to get loans and credit against their crypto holdings – primarily Bitcoin. However, the services offered by the crypto firm are set to halt this month following an official announcement on the company’s official Twitter account. The lending services became […]

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Lolli To Add Lending Product And Maybe Even Issue Credit Cards

A popular crypto e-commerce platform called Lolli is said to be creating a lending platform. The news was first reported by The Block Crypto, which interviewed the CEO of the company, Alex Adelman, during an episode of The Block’s The Scoop program.

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Bitfinex Investor To Raise $21 Million For Binance-Fashioned Trading Platform, RenrenBit

A Chinese company called RenrenBit, which is a P2P lending platform and crypto wallet, has recently lined up commitments worth $21 million USD for the sale of its own tokens. The company was founded by Dong Zhao, a famous trader specialized in over the counter (OTC) trades. This company is also known for being a […]

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Facebook’s Libra is a ‘well-oiled machine of surveillance,’ claims Ethereum Co-founder

The cryptocurrency market is split after the reveal of Facebook’s cryptocurrency, Libra. This is mainly due to some proponents lending support to the cryptocurrency, while others are of the opinion that the entry of the Mark Zuckerberg-led company into the world of digital assets will be problematic.

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Genesis Global Trading Onboards Four New Execs For Expansion into Europe

An institutional over the counter (OTC) cryptocurrency trading platform called Genesis Global Trading is set to expand into Europe. The Block Crypto has recently reported that the company hired four new executives in order to be a part of this expansion.

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Crypto Lending and Borrowing Platform Celsius Network Acquires BSave

Celsius Network, a cryptocurrency lending and borrowing platform, has acquired BSave for an undisclosed amount, the company said earlier this week. BSave is a platform that provides earning interest income on cryptocurrency.

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Nexo Releases Crypto Lending Update Clarifying Misconceptions and Future Outlook

The Nexo team released an update today on the future of their project while also clarifying misconceptions about the rapidly-growing lending platform. Nexo claims their key business model “is unchanged” but that the company is: “actively exploring new avenues to maximize token utility and investor value.” The company also claims their ultimate goal is to […]

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Crypto Lending Startup BlockFi Launches Gemini Dollar Accounts

Interest-bearing accounts offered by cryptocurrency asset management company BlockFi now support the gemini dollar

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BlockFi Adds Gemini Dollar Stablecoin Support

Crypto lender BlockFi is rolling out support for the gemini dollar (GUSD) stablecoin, claiming an expected initial annual percentage yield (APY) of 6. 2 percent for non-U.

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