Lending

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Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor

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In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project and global stablecoins. Also read: SEC Karate-Chops Steven Seagal Over Promoting Cryptocurrency Touted as … Read more

Understanding Defi Flash Loans: Complex Attacks, Inflation and Composable Systems

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Two recent flash loans on the defi platform Bzx have started a fierce debate about the subject of using uncollateralized loans in a quick trade. Essentially these flash loans are providing people with the ability to borrow crypto without relinquishing any collateral. The scheme was used to exploit funds from the Bzx platform twice, as … Read more

Crypto Lending Will Do More Good Than Traditional One

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Unless you have been living under the rock, you will know crypto lending is thriving more than any other segment of the cryptosphere. Of course, there are apparent reasons for it because lending and borrowing is a direct consumer business. But, honestly, I am too surprised by its growth where companies like BlockFi, Celsius, YouHodler … Read more

Silvergate Bank and Bitstamp Launch Bitcoin Collateralized Loans

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U.S.-based Silvergate Bank has launched a bitcoin collateralized loan product with Bitstamp as its launch partner. The crypto exchange will act as the bank’s agent to manage and provide custody for bitcoin collateral. The product utilizes Silvergate Bank’s Exchange Network to fund loans and process repayments in real time. Also read: Regulatory Roundup: EU-Wide Crypto … Read more