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Barry Silbert, CEO of Digital Currency Group (DCG), has released a letter to shareholders in response to a recent open letter from Gemini CEO Cameron Winklevoss. The letter, issued Tuesday by Winklevoss, calls for the DCG board to force Silbert to step down as CEO. Silbert shared his letter on Twitter and said he had […]Powered by WPeMatico
Digital Currency Group’s ongoing financial distress isn’t likely to cause much further strain on crypto prices, said Novogratz.
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Just days after reassuring concerned customers, Marius Reitz, the general manager of crypto exchange Luno Africa, recently reiterated the company has not been impacted by Genesis Capital’s decision to pause withdrawals. He added Luno customers still have access to funds in the savings wallet despite its lending partner’s decision to freeze withdrawals. Customers Retain Access […]Powered by WPeMatico
A travel and mapping application with 140 million users worldwide has raised $50 million to integrate decentralized finance protocols into its platform.
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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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Cryptocurrency lender Genesis Capital provided $500 million worth of digital asset loans in the fourth quarter of 2018 alone, soaring almost 100 percent from six months earlier, when the company started its lending business. Altogether, loans reached $1.11 billion for the whole of last year. Also read: Iran in Talks With 8 Countries for use of […]
The post Genesis Capital Processed $1.1B of Cryptocurrency Loans in 2018 appeared first on Bitcoin News.
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Cryptocurrency prices have been battered this year, and that’s been the sole topic of interest, both for the enthusiasts and the skeptics. However, as the prices dropped, one business has boomed: crypto lending. While all the other startups in the crypto space were counting on prices hitting their former highs, this industry has been making […]
The post Crypto Lending Continues to Thrive Even as Prices Fall appeared first on NullTX.
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Bitcoin trading companies saw an influx of new users throughout 2017. Given the cryptocurrency craze that is going on even today, the number of users will only continue to increase. For Genesis Trading, this influx of new users is due to a very different reason. Its decision to introduce Bitcoin lending services has proven to have been extremely smart in hindsight. Genesis Capital Lending Services It is evident there is a bright future ahead for cryptocurrency-related lending services. Due to the global appeal of these currencies, they are suited for financial inclusion, among other things. While Bitcoin is currently in a slump inPowered by WPeMatico
This week the institutional over-the-counter (OTC) digital currency service, Genesis Global Trading, announced it’s creating a lending subsidiary called Genesis Capital that will offer cryptocurrency loans for a fixed period of time. Also Read: More Infrastructure Support Joins the Bitcoin Cash Ecosystem Market Maker Lending Services Genesis Capital will be a new lending firm for institutional […]
The post Genesis Launches Whale Sized Crypto-Loan Service appeared first on Bitcoin News.
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