Genesis Global Trading’s lending business remains on a growth tear, especially its loans of dollars and stablecoins.
CoinDesk
PR: Cred and Bitcoin.com Join Forces to Boost Crypto Lending
By John Yearwood
Cred Correspondent
Amid a dramatic Bitcoin bull run, two of the most influential names in the blockchain finance industry have launched a platform to expand global lending and earning on investments in cryptocurrency.
The partnership between Bitcoin.com and Cred allows Bitcoin.com customers to earn up to 10 percent interest on Bitcoin and six percent on Bitcoin Cash invested with Cred, the companies said.
Customers with investments over $ 25,000 have been benefiting from the partnership for the last few months but it opens to all users, regardless of investment size, on July 15, 2019.
PR: Bitcoin.com and Cred Partner to Offer Lending and Borrowing
Bitcoin.com customers to earn up to 10% interest on BTC and BCH
SAN FRANCISCO and TOKYO– Bitcoin.com, the leading source for Bitcoin information with over 4 million Bitcoin wallets, and Cred, the leading provider of crypto borrowing and lending with over $ 300 million in credit facilities, today announced a partnership that will allow Bitcoin.com customers to earn up to 10% of interest on their Bitcoin and Bitcoin Cash.
Blockfi Launches High-Interest Crypto Lending Program in India
US-based Blockfi has expanded into India, offering a high rate on its interest-bearing account for two cryptocurrencies. News.Bitcoin.com talked to Blockfi and a local Indian crypto exchange offering a similar program to find out how the two products differ.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
Blockfi Launching in India
New Jersey-based crypto startup Blockfi announced Tuesday that it has expanded service to users in India. Its flagship Blockfi Interest Account (BIA) for BTC and ETH is now available in 65 countries.
Indian Exchange Launches Lending Program for 5 Cryptocurrencies
An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC, USDT, BNB, XRP, and ETH. The CEO of the exchange has shared details about this new offering with news.Bitcoin.com.
Also read: Crypto Enthusiasts Unite in 4 Indian Cities to Voice Regulatory Suggestions
Lending Cryptocurrencies
Coindcx announced Thursday that its crypto lending program called Dcxlend has come out of the beta testing phase and is now fully launched. Five cryptocurrencies are supported: BTC, USDT, ETH, XRP, and BNB.
OKEx Now Lets Users Earn Daily Interest by Lending Their Crypto
Hong Kong-based OKEx has announced that its OK PiggyBank functionality, which allows users to lend their crypto holdings to margin traders, is officially live. OK PiggyBank is out of beta and now officially available to all users! Simply transfer your spare tokens into the PiggyBank and you’ll get daily rewards. Learn more: https://t.co/NyO1RH8cOe pic.twitter.com/b9fSbUw0sT — […]
SludgeFeed
TrueUSD (TUSD) Chooses Nexo as Its Official Lending Partner
Crypto-backed loan platform Nexo (NEXO) recently announced that TrueUSD (TUSD), a dollar-pegged stablecoin, has selected the project as its official lending partner. TrueUSD selects Nexo as its official lending partner. As a result of our strategic partnership with @TrustToken, TrueUSD has become the latest collateral option (with a 95% loan-to-value ratio) and repayment method for our instant […]
SludgeFeed
Erik Voorhees, Salt Lending Being Investigated by SEC, Report Says
Crypto loans startup Salt and its former CEO are said to be under investigation by the SEC, according to the The Wall Street Journal.
CoinDesk
Nexo Lending Platform Adds Bitcoin Cash Support
Cryptocurrency loans service Nexo has confirmed it is adding support for bitcoin cash (BCH). The Switzerland-based lending platform offers crypto-fiat loans from upwards of $ 1,000, with no credit checks required as collateral. BCH holders will be able to stake their cryptocurrency as collateral and obtain instant funding in more than 40 fiat currencies.
Also read: Japanese Regulator to Host Regular Global Cryptocurrency Roundtable
Cryptocurrency Exchange Poloniex to Yank Margin Trading, Lending for U.S. Customers
Poloniex, the exchange Circle has been working to revive since acquiring it in February, announced in a blog that it will eliminate its margin and lending products for U.S. customers by year’s end and delist three altcoins. The company noted it is removing the margin and lending products in the U.S. to ensure the exchange
The post Cryptocurrency Exchange Poloniex to Yank Margin Trading, Lending for U.S. Customers appeared first on CCN
BMW Partners Blockchain Startup to Develop Customer Lending Solution
BMW Group financial services has announced its partnership with blockchain startup Bloom in a bid to streamline its customer journey and user experience, per a Medium post. Bloom helps to make the traditional lending process easier hence helping to reduce the risk that consumer data is exposed to. Individuals can secure their data on their
The post BMW Partners Blockchain Startup to Develop Customer Lending Solution appeared first on CCN
Crypto-Backed Lending Platform Blockfi Approved to Operate in California
Back in July, news.Bitcoin.com reported on the cryptocurrency-backed USD lending platform, Blockfi, which raised $ 52.5m from investors in an investment round led by Michael Novogratz’s Galaxy Digital. On Monday, Blockfi announced the firm is now servicing residents from California and the latest expansion leads to the crypto-lending service being available in 44 states.
Also Read: Novogratz’ Galaxy Digital Leads $ 52.5 Million Blockfi Fundraiser
P2P Cryptocurrency Lending Grows Increasingly Popular in China
China is reportedly witnessing a surge in peer-to-peer (P2P) cryptocurrency lending amid the country’s recent liquidity crunch and the virtual currency markets’ bear season. Despite regulatory uncertainty, entrepreneurs are reportedly eying opportunities in the nascent industry.
Also Read: Theories Abound After BTC Leaps While Bitmex is Down
Peer-to-Peer Cryptocurrency Lending Gains Popularity in China During Bear Market
Chinese media outlet, Sohu, has published a report on the increasing proliferation of cryptocurrency lending platforms.
Bitcoinist Partners With Cryptocurrency Lending Platform INLOCK
INLOCK, a lending platform for cryptocurrency holders, has partnered with Bitcoinist to help educate the public on the spendability problem and how crypto-collateralized loans can add stability to the global economy.
Liquidity Unlocked
Lending is a vital function of any monetary system, cryptocurrencies included. By partnering with Bitcoinist, lending platform INLOCK is looking to get the word out on a key barrier to usage and adoption of cryptocurrencies, namely spendability.
“We have been cooperating with Bitcoinist before: a firm being helpful and professional,” said INLOCK CMO, Peter Gergo. “I’m convinced that through their network reach will raise awareness about the spendability problem and our solution.”
Crowd Genie to revolutionize the lending business
August 9, Singapore: Crowd Genie Financial Services Pte. Ltd., a company providing innovative lending products and services, licensed by the Monetary Authority of Singapore, has undertaken a strategic initiative aimed at design and delivery of a modern lending and asset exchange platform that is powered by the blockchain technology. The platform will elevate the lending/borrowing experience to a totally new level in terms of security, easiness of use and extensibility. The platform’s concept combines cutting-edge technologies with outstanding flexibility and completeness of the business process. The solution is going to initially support the businesses in Singapore and will gradually expand to newer geographies.
Crypto-to-Cash Lending is Growing Quite Popular These Days
Over the past year, cryptocurrency-backed lending has grown very popular with organizations like Salt Lending, and Unchained Capital trying to capture a piece of this emerging industry. Projects like Salt Lending have issued millions worth of crypto-backed loans so far and the teams behind these digital currency operations believe crypto-to-cash lending is going to be a pretty big deal in the future. Furthermore, this week a company called Nexo also plans to offer a digital currency for cash lending platform and raised $ 50Mn USD in capital from venture capitalists like the Techcrunch founder Michael Arrington.
ETHLend Announces Support for Crypto-to-Fiat Lending
With the rise of cryptocurrency, many people have staked out their position to belonging to one of two camps: virtual currencies or fiat. However, a bridge between these camps is emerging as ETHLend is adding crypto-to-fiat to their loan options.
On Friday, popular cryptocurrency lending platform, ETHLend, announced plans to introduce fiat financing to their lending system. This announcement came after copious amounts of requests from the ETHLend community for the addition of this branch of financing on the platform.
BREAKING NEWS: ETHLend Expands to FIAT Lending: Licensing Process Has Initiated
Details about how ETHLend will provide additional compliance to cryptolending market and broadening our lending operations to FIAT lending in the link: https://t.co/k0HzscrzVk pic.twitter.com/Miq2x8ou1k
GenieICO: Revolutionizing Peer to Peer Lending
Crowd Genie, a Singapore-based company, is holding their own ICO to create a tokenized platform that aims to make lending across borders possible through blockchain.
Paving The Way for a Business Loans Asset Exchange
Crowd Genie is a peer to peer lending platform that allows SMEs in Singapore to receive financing from multiple investors. This platform allows borrowers and investors to circumvent banks, minimizing the time and cost that are often a result of the bureaucratic structure of banks. The platform has been operational for over 18 months now, and in March 2017 the company was granted a dealing in securities license by the Monetary Authority of Singapore.
First licensed P2P Lending Platform to Build an End-to-End Regional Lending Solution, Join Genie ICO Now to Secure Higher Bonus!
Taking another bold step in developing a comprehensive P2P lending solution for the Asia- Pacific, Crowd Genie has announced that it will conduct the first-ever ICO token sale of its CGCOIN currency, through its related entity CGSPV Pte. Ltd.
One of only four P2P lending platforms to be awarded a Capital Market Services (CMS) License by the Monetary Authority of Singapore (MAS), Crowd Genie’s prime focus is to provide easier capital access for borrowers looking to grow their young businesses with the right investors; namely through its end-to-end marketplace lending platform.
Three Identifiers For Financial Companies To Stay Relevant By 2020
When it comes to the traditional financial world as we know it, things will have to change sooner rather than later. Keeping up with the growing demand for new technologies and services is not an easy task, yet there are three main identifiers for financial institutions to address. Getting involved in blockchain technology development is not included in the list, as there is no real need to state the obvious.
Also read: Customer Experience Is The Most Important 2016 Trend For Bitcoin Companies