In a new report titled “Understanding Crypto: What banks need to know,” the American Bankers Association (ABA) has urged banks across the country to partner with crypto firms. The need for banks to partner with crypto firms, according to the report, is due to the increased profitability of the sector and rising client interest. In the...
Stani Kulechov - Aave founder hinted at a "private pool for institutions that are still practicing before aping into DeFi" on May 12 and later announced Aave Pro on May 18. What does it do? It allows institutions and the corporate world to access DeFi grade yields on the leading lending/borrowing Ethereum based...
Since the inception of the world's first cryptocurrency, Bitcoin, we have seen innovations of all kinds - from stablecoins to full-blown decentralized finance projects. While stablecoins brought stability to highly volatile cryptos, DeFi introduced new ways to generate income. One such popular method is lending. The onset of the pandemic has made people look for an investment option. DeFi lending presented the preposition...
The price of Pancake Bunny (BUNNY), the native token of the eponymous decentralized finance (DeFi) platform based on the Binance Smart Chain (BSC), plummeted by over 90% after it fell victim to a flash loan attack today. 4⃣ The hacker then dumped all the bunny in the market, causing the bunny price to plummet...
Cross-chain decentralized finance (DeFi) yield farming platform bEarn Fi fell victim to an exploit in its smart contract on Sunday, allowing a malicious user to siphon $10.85 million worth of Binance USD (BUSD) stablecoins from one of its vaults. “Dear community, we have been...
The total projected annual revenue of lending platform MakerDAO, Ethereum’s decentralized finance (DeFi) “poster child,” has exceeded $200 million over the past weekend, according to analytics website MarketBurn. "It's a testament of...
The world of digital lending is moving at a very fast pace. Crypto Lending is refreshingly new and comfortingly familiar, it is the best thing since the inception […]
Genesis Report Shows Bitcoin Market GrowthOn April 28, Genesis Global Trading, Inc., a subsidiary of Digital Currency Group, released its digital assets report for the first quarter of 2021. Genesis provides institutional clients with spot and derivatives trading, lending, custody and treasury and prime brokerage service products, so the report was full of...
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...
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