eBTC – stETH Backed BTC Loans

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Bitcoin Loans: Understanding the Fundamentals

Let’s take a moment and discuss what a Bitcoin loan is. Any regular borrower or lender will quickly understand this. You can borrow or lend BTC just like any other loan. However, there are terms and conditions that both parties sign to bind them to the agreement.

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FDIC Chairman: US Regulators Exploring How Banks Could Hold Bitcoin

Banks' BTC holdings could be used for client trading, as collateral for loans, or held as assets in their balance sheets.

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Genesis Records 13 Consecutive Quarter of Growth, Reports Rotation Out of BTC into ETH While DeFi Attracts Funds

New loan originations at Genesis increased over 60% to hit an ATH of $25 billion in Q2, and while utilization of BTC loans sees compression, “the market is currently flush with investors looking for yield.

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Silvergate Capital Corporation Reveals Fidelity Digital Assets as Custody Provider for BTC Collaterized Loans

Silvergate Capital Corporation has added Fidelity Digital Assets as a custodian for SEN leverage. This makes Fidelity Digital Assets the second major custodial services to join Silvergate in a week following Coinbase Custody’s addition.

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DPW Holdings’ Digital Power Lending to Provide Business Loans Collateralized by Bitcoin (BTC) and Ethereum (ETH)

DPW Holdings, Inc., a diversified holding company , announced today that its fintech lender, Digital Power Lending, LLC, a California Finance Lender and wholly-owned subsidiary...

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Asian Startup Offering Machine-Backed Loans to Bitcoin Miners 

Babel Finance is now making life easier for bitcoin (BTC) miners and other crypto market participants. The Hong Kong-based firm is now accepting mining machines from bitcoin miners as collateral for USD loans, according to reports on January 12, 2021.

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Bitfinex introduces crypto loans including bitcoin (BTC) and ether (ETH)

Bitfinex, a popular cryptocurrency exchange platform, today announced it has launched bitcoin (BTC) and ether (ETH) personal loans on Bitfinex Borrow, a peer-to-peer (P2P) digital token loan portal.

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Vitalik Buterin warns followers against taking loans to buy cryptos like ETH, BTC

Ethereum's Vitalik Buterin took to Twitter to warn the crypto community against taking personal loans to purchase Ether and other cryptocurrencies. In a Twitter post published on Monday, Buterin askedThe post Vitalik Buterin warns followers against taking loans to buy cryptos like ETH, BTC appeared first on AMBCrypto.

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Fidelity Digital to Accept Bitcoin (BTC) as Collateral for Cash Loans

Asset manager Fidelity continues to embrace the premier cryptocurrency. Fidelity Digital to Hold BTC as Collateral for Cash Loan In what comes as the latest impetus for the adoption of the world’s largest cryptocurrency, Fidelity Digital recently announced that it would be accepting BTC as collateral for cash loans.

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Fidelity Digital Assets starts holding BTC as collateral for cash loans

Fidelity Digital Assets, the crypto arm of Fidelity Investments, a leading asset manager, has joined hands with BlockFi, a renowned crypto lender, to let its institutional investors pledge BTC as collateral against cash loans.

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Genesis Doubles Crypto Loan Issuance for the Third Quarter to $5.2 Billion

Crypto lender Genesis provided $5. 2 billion in new loans in the third quarter of 2020, more than double its previous record of $2. 2 billion in the preceding quarter. Issued to corporate borrowers such as hedge funds and trading firms, the loans are mainly denominated in bitcoin (BTC), ether (ETH), bitcoin cash (BCH), and cash.

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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 global utility token OKB as collateral for C2C Loans. Apart from OKB, the platform also accepts collateral deposits in the form of Bitcoin (BTC) and ether (ETH), while keeping its options open to expand it further. With […]

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2nd Largest BTC Mining Pool, Poolin, Collabs With BlockFi, To Boost Crypto Lending Service

Reports confirm that the U.S based institutional-grade crypto lender, BlockFi, will be extending credit to Pooling, the second largest Bitcoin mining pool. The latest move sets the mining pool on extending its crypto lending services to miners since launching Blockin, a Singapore-registered wallet entity, which offers loans to miners. Since the halving, the hash rate […]

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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 a stablecoin token.

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ConsenSys и Morgan Creek Digital инвестировали в DeFi-решение для биткоина

Стартап Atomic Loans привлек $2,45 млн от Initialized Capital, ConsenSys, Morgan Creek Digital и Bison Trails на развитие криптолендингового ончейн-протокола BTC. 1/14 Excited to announce our $2.45M seed round led by @Initialized! Also welcoming Morgan Creek & @APompliano @JoeLallouz @aaronhenshaw @rverbee @reganbozman and Mike Cohen, joining @ConsenSys Thanks for supporting us in bringing #DeFi to […]

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Peter Schiff Claims That Bitcoin-Backed Loans Will Cause Huge Losses

Peter Schiff predicts Atomic Loan's Bitcoin-backed DeFi solution will 'blow up' in case of another BTC price crash

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Modern Monetary Theory (MMT) vs BTC to be the Main Event of 2020

The biggest global emergency of the century, COVID-19 pandemic has the Treasury officials trying to decide on how much they can spend to fight the novel coronavirus. Before the financial crisis in 2008, people relied on commercial banks to create money, which was in the form of loans.

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Bitcoin purchases via loans risky, unless 'extra money to spare'

Bitcoin has been on a wild run over the past few weeks. In the wake of BTC's recent fall below $4,000, many, including several non-crypto enthusiasts, flocked in to buy the digital asset. While the enThe post Bitcoin purchases via loans risky, unless 'extra money to spare' appeared first on AMBCrypto.

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Canada’s Ledn Set to Offer DAI Loans Backed with Bitcoin (BTC) as Collateral

Canadian blockchain startup, Ledn, opens up Latin American cryptocurrency holders to DAI loans using their digital assets as collateral. According to a published post on Coindesk, the firm will start off by offering Bitcoin (BTC) backed loans in the Ethereum based DAI stablecoin in order to promote the use of crypto across the region. Get […]

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YouHodler introduces “Extreme Loans” and first platform ever with BTC loans

FinTech platform YouHodler has been busy in October finding new ways for traders to get full control over their crypto. For those that want low-risk, passive income, then YouHodler has features like high-yield savings accounts and the ability to receive crypto loans in safe stablecoins like USDT and USDC.

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SoFi Users Can Now Trade Bitcoin, Ether, and Litecoin

Social Finance, Inc. (SoFi), a United States-based online personal finance platform that offers student loan refinancing, mortgages, and personal loans has finally launched its cryptocurrency trading service.

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Bitrue Exchange to Launch Crypto-Backed Loan Platform

The service, which goes live on Sept. 30, loans BTC, ETH XRP and USDT at a 0.04% daily interest rate.

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VELIC crypto exchange adds new loan service up to 20,000 USDT

VELIC, a recently launched cryptocurrency, and blockchain exchange ecosystem, today announced the launch of user loan services, starting from June 18th. Initially, the loans will be offered in USDT, with an aggregate cap of 20,000 USDT per account.

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Poloniex Users Threaten to Sue After Losing $13.5M in CLAM Flash Crash

By CCN: U. S. -based cryptocurrency exchange Poloniex has revealed that its lenders lost $13. 5 million in a sudden CLAM price crash. To cover its losses, the exchange slashed the principal of active BTC loans by approximately 16%.

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With BTC Emphasis, Genesis Capital Reports $425 Million Originations in Q1

Cryptocurrency trading and lending firm Genesis Capital released a “Digital Asset Lending Snapshot” for Q1 2019, indicating that it originated $425 million for the period.

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Atomic Capital Goes On The Attack With New Crypto Loan Offer In The Market

Atomic Capital Makes A Very Aggressive Loan Offer In The Crypto Market The asset tokenization company, Atomic Capital, is making a very aggressive loan offer in the crypto lending field. Back on Wednesday, the firm will be giving USD loans for 85% of the value of the Bitcoin (BTC) or Ethereum (ETH) used as collateral. […]

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Learn How to Make Your Bitcoins Work For You

CEO and Founder of Celsius Network, Alex Mashinsky, wants to bring the next 100 million people to the blockchain. How? Through high-interest cryptocurrency savings accounts with no lock-up or penalties for withdrawing your HODLings, low-interest USD loans using crypto as collateral–and correcting our ‘bad financial habits’.

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BlockFi Crypto Lending Platform Adds Ripple’s XRP Coin Support Along With BTC, ETH And LTC Options

BlockFi Cryptocurrency Lending Platform Set To Integrate XRP BlockFi, a platform that lets users obtain USD loans using their cryptoassets as collateral, has announced plans add Ripple's XRP altcoin to its list of supported cryptos, according to reports on March 4, 2019.

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Aave’s ETHLend Starts to Accept Bitcoin (BTC) as Collateral For Loans Along with LEND and ETH

If you are interested in using Bitcoin (BTC) in order to get collateral for crypto loans on ETHLend, we got good news for you. Aave, the fintech company that owns ETHLend, has announced that now the users can use Bitcoin as well as Ethereum to get LEND tokens. Before today, you could only either use […]

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Unchained Capital Revamps Loans With Multi-Party, Multi-Sig Storage

Blockchain financial service company Unchained Capital will now offer multi-signature and multi-institution cold storage solutions for borrowers who leverage its crypto-collateralized loans service.

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Genesis Global’s Bitcoin Loans Hit $553M in 6 Months

Genesis Global Trading has released a financial report for the third quarter that shows the U. S. cryptocurrency lender provided $553 million worth of digital asset loans. These were issued to corporate borrowers such as hedge funds and trading firms in the form of BTC, BCH, ETH and other cryptocurrencies.

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Japanese Public Company Offering Loans Secured by BTC, BCH, ETH

A Japanese company listed on the Tokyo Stock Exchange is offering loans secured by three cryptocurrencies: BTC, BCH, and ETH. Clients can borrow up to 300 million yen (~$2. 7 million) at varying interest rates.

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