“There’s nothing better than building a factory that makes Bitcoin,” said Celsius CEO, Alex Mashinsky.
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Category: crypto lending
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Celsius reports it doubled its crypto holdings to $2.2B in six months
Centralized crypto lending platform Celsius claims to have doubled its crypto holdings in just six months and now boasts $2.2 billion in assets under management.
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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. According […]
The post Genesis Doubles Crypto Loan Issuance for the Third Quarter to $5.2 Billion appeared first on Bitcoin News.
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Celsius Network founder gifts wife 15 million CEL tokens
Alex Mashinsky has gifted his wife Krissy 15 million CEL tokens worth $20 million for her birthday
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Japan’s Messaging Giant Line Introduces Crypto Lending Services
Back in the summer of 2018, the Japanese messaging giant, Line Corp., launched a cryptocurrency exchange with over 30 digital assets. Now Line is introducing crypto lending services with five different crypto assets and a new lineup of decentralized applications (dapps). The Japanese messaging software company, Line Corp., is a firm that developed the freeware […]
The post Japan’s Messaging Giant Line Introduces Crypto Lending Services appeared first on Bitcoin News.
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Coinbase to Offer Bitcoin-Based Cash Loans of up to $20,000 Across 17 US States
U.S. crypto exchange Coinbase will start offering bitcoin-backed cash loans to select customers as early as next month. Investors can borrow up to 30% of the bitcoin they hold on the exchange, or a maximum $20,000, it said. In a blog post on August 13, Coinbase unveiled its new crypto lending business, which places it […]
The post Coinbase to Offer Bitcoin-Based Cash Loans of up to $20,000 Across 17 US States appeared first on Bitcoin News.
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Genesis Reports Q2 Crypto Loans Spiked 118% to $1.4 Billion Amid Rising Yield Farming Interest
Genesis Capital said Tuesday that its total number of loans outstanding more than doubled to $1.4 billion for the second quarter to June, up from $649 million three months earlier. The crypto lender, which targets institutional investors and wealthy individuals, added over $2.2 billion in new originations, an increase of 324% year-on-year. Since the launch […]
The post Genesis Reports Q2 Crypto Loans Spiked 118% to $1.4 Billion Amid Rising Yield Farming Interest appeared first on Bitcoin News.
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Binance Lending Adds Bitcoin Cash to Flexible Deposits Letting Users Earn Interest on BCH
Bitcoin cash users now have another venue to earn interest on their digital asset holdings. Binance has added support for BCH flexible deposits on its lending platform, alongside ETH and EOS. This development comes just as competition in the crypto lending field is heating up. Also Read: Binance Users in Turkey Can Now Deposit and […]
The post Binance Lending Adds Bitcoin Cash to Flexible Deposits Letting Users Earn Interest on BCH appeared first on Bitcoin News.
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Blockchain.com Will Allow Retail Wallet Users to Borrow USD Stablecoins With Cryptocurrency
The digital assets lending field seems to be heating up with Blockchain.com starting to offer lending directly to retail consumers globally. Borrowed USD stablecoins can be used by crypto traders to fund their next trades and thus increase the leverage of their holdings. Also Read: Blockchain.com Launches High Speed Crypto Exchange for Retail Traders Popular […]
The post Blockchain.com Will Allow Retail Wallet Users to Borrow USD Stablecoins With Cryptocurrency appeared first on Bitcoin News.
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Cred Now Enables LTC Holders to Earn Up to Ten Percent Interest on Their Digital Assets
Cred, a licensed crypto-backed lending and borrowing platform based in California, now supports litecoin. The service will allow LTC holders to earn up to ten percent interest through any of its partners including the Litecoin Foundation, Bitcoin.com, Uphold, and Bitbuy. Since July 2019 Cred allows Bitcoin.com customers to earn interest on BCH and BTC. Also […]
The post Cred Now Enables LTC Holders to Earn Up to Ten Percent Interest on Their Digital Assets appeared first on Bitcoin News.
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