Juicy interest rates on lending platforms are attracting Bitcoiners who are looking to stack more sats. But the devil is in the details.Bitcoiners have dreamed of lending and earning interest on their coins for over a decade. With companies such as BlockFi offering juicy 6 percent interest rates, has this dream...
Things change in a blink of an eye in the crypto space. Decentralized Finance (DeFi) and DeFi loans are the current trends. It's referred to as financial applications developed on blockchain technology using smart contracts. Ethereum was the first to discover smart contracts, which is the core reason for using Ethereum blockchain for most DeFi […] The post...
BlockFi, one of the leading crypto lenders, raised the mammoth amount in a recent Series D round. BlockFi’s big day Crypto lender BlockFi has raised over $350 million in a Series D round and is now valued at over $3 billion, the firm said in a release today. The firm...
Stani Kulechov, the CEO of Aave, highlighted some of the problems with the copy-and-paste nature of today's DeFi space, adding that the overall fundamentals are still strong. Aave CEO Defines Decentralization The DeFi economy can be imbalanced, often...
BlockFi answers the Chainlink army's calls. BlockFi to Add LINK BlockFi said it would add LINK-the native token of decentralized oracle project Chainlink. LINK is the ninth-most...
The evolution of crypto lending is continuing at pace, with new projects regularly coming onstream. These platforms, most of which exist in the decentralized finance (DeFi) realm, offer users the ability to obtain loans without having to contend with intermediaries and accept counterparty risk. In concert with asset issuance, payments, governance, and insurance, crypto lending is helping to construct a new and fairer...
Nexo is one of the most popular centralized crypto lending and borrowing platform along with BlockFi and Celsius. With over $4 Billion assets under management and Ledger vault as custodial service, Nexo is making a lot of news in recent times....
This morning, Toronto-based bitcoin lending and saving company Ledn announced a $2.7 million financing round led by White Star’s Digital Asset Fund, with participation from Darrow Holdings, Coinbase Ventures, Global Founders Capital, CMT Digital and Kingsway. The Toronto-based company serves clients in over 100 countries by offering interest-paying savings accounts for bitcoin and USDC, as well as bitcoin-backed loans that provide borrowers with...
Crypto banking and financial services platform Celsius Network (CEL) plans to self-insure its users’ funds against unforeseeable losses, its co-founder and CEO Alex Mashinsky announced on Twitter today. “You asked for it and we listened....
In an interview with CoinDesk TV, CEO Alex Mashinsky explained why CEL has drawn recent interest from altcoin investors.
Only Bitcoin and Ethereum will be supported initially.
CryptoSlate recently had the opportunity to chat with the Managing Director of Nexo, Antoni Trenchev. Nexo is a leading digital asset company best known for providing the world's first instant crypto credit lines. Prior to catching the blockchain bug in early 2013, Trenchev studied finance law at King’s College London and Humboldt...
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