The service allows users to borrow up to $1 million with no credit check, provided they post Bitcoin as collateral.
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Category: crypto loans
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Contagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model
A leaked investor call from Morgan Creek Digital suggests BlockFi liquidated 3AC for $1 billion, while Celsius reportedly maintained a highly risky assets-to-equity ratio last year that may have caused its recent liquidity woes.
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Weiss Ratings issues warning over crypto mortgage risks
Weiss analysts are wary over the usage of volatile crypto assets as collateral for long-term property loans.
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Digital bank Anchorage offers Ethereum-backed loans to institutions
Institutional investors can get USD on credit without liquidating their ETH.
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Crypto-collateralized loans may soon bring new investors to space
“Traditional lending services generally do not exist in the digital currency industry, which means there aren’t many lenders for investors to choose from,” said Jon Melton.
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Meet Exchase.io: All-in-One Fintech Service Provider Announces Token Sale
PRESS RELEASE. Exchase (Exchase OÜ) announced that it plans to build an all-in-one fintech solution that will bring the most popular fintech services and technologies under one umbrella. The Estonian based fintech company has been operating a cryptocurrency exchange, but now seeks to bring on board margin trading, token listing, crypto games, money transfer, binary […]
The post Meet Exchase.io: All-in-One Fintech Service Provider Announces Token Sale appeared first on Bitcoin News.
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Uphold Users Gain Access to Salt’s Crypto-Backed Loans
Uphold users have gained access to loans from Salt Lending using crypto holdings such as bitcoin cash (BCH) as collateral. The digital money platform has more than 1.5 million users globally and has powered over $5 billion in transactions. Also Read: Nexo Now Offers Bitcoin Cash Instant Crypto Credit Lines Uphold Partners With Salt Lending […]
The post Uphold Users Gain Access to Salt’s Crypto-Backed Loans appeared first on Bitcoin News.
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Nexo Now Offers Bitcoin Cash Instant Crypto Credit Lines
Bitcoin Cash community members are able to borrow against their favorite digital asset in more than 40 fiat currencies across more than 200 jurisdictions. This is thanks to Nexo which now offers BCH Instant Crypto Credit Lines with one of the lowest annual percentage rates in the industry. Also Read: Save the Children Now Accepts […]
The post Nexo Now Offers Bitcoin Cash Instant Crypto Credit Lines appeared first on Bitcoin News.
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The Daily: Genesis Trading Doubles OTC Volume, Bittrex Moves 130,000 BTC
OTC crypto platform Genesis Global Trading has increased its annual trading volume by 50 percent and we’ve got the details in this edition of The Daily. We also feature an announcement by Bittrex which sought to calm traders who spotted 130,000 BTC being moved, and the launch of an offers bot by P2P exchange Hodl […]
The post The Daily: Genesis Trading Doubles OTC Volume, Bittrex Moves 130,000 BTC appeared first on Bitcoin News.
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Major Pawnshop Network in Ukraine Launching Cryptocurrency-Secured Loans
A major network of pawn shops in Ukraine is launching a new lending service with loans secured by cryptocurrency. With over 300 branches, the pawnbroker plans to offer loans based on the type, amount, and price of crypto collaterals. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Pawn Shops Offer Crypto-Secured Loans Founded […]
The post Major Pawnshop Network in Ukraine Launching Cryptocurrency-Secured Loans appeared first on Bitcoin News.
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