Report: Blockchain Home Equity Loan Platform Raises $65 Million
Figure, a new financial services startup founded by SoFi founder and former CEO Mike Cagney, has raised $65 million from major venture capital funds Go to Source Powered by WPeMatico
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Financial Firm Offers ‘Almost Instantaneous’ Loans Up to $30,000 With Crypto as Collateral
A company is offering cash loans with crypto as collateral. In addition to consumers, the platform says miners, traders and blockchain firms could benefit #SPONSORED Go to Source Powered by WPeMatico
Blockchain Lending Firm Dharma Raises $7 Million From Coinbase Ventures, Others
Blockchain-based lending firm Dharma Labs has raised $7 million from big investors including Coinbase Ventures Go to Source Powered by WPeMatico
Genesis Capital Processed $1.1B of Cryptocurrency Loans in 2018
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 … Read more
Cryptocurrency Lending Firm Genesis Capital Processed Over $1.1 Billion in 2018
Over $1.1 billion in borrows and lends have been processed by cryptocurrency lending company Genesis Capital last year Go to Source Powered by WPeMatico
Tidbits: Jesse Powell Criticizes Custodial Ownership, Simon Dixon Slams the Banking System
Tidbits is a roundup of talking points from across the cryptosphere. Today, Jesse Powell and Samson Mow both voice their opinions on the custodial ownership of assets through trusted, third parties. Paul Sztorc shows the Bitcoin community that forks are not as frequent as they think and Simon Dixon breaks down his three problems with the … Read more
Galaxy Digital Reportedly Raising $250M to Help Firms Survive Crypto Winter
The current market environment has caused several cryptocurrency companies such as exchanges, and miners to cancel growth plans, downsize their operations or even completely shut down. A massive new fund reportedly in the works is designed to help such struggling firms with much-needed finance until the situation improves and they return to profitability. Also Read: … Read more
Unconfirmed: Novogratz’s Galaxy Digital to Raise $250 Million to Offer Crypto Loans
Mike Novogratz’s Galaxy Digital is reportedly planning to launch a funding round for a crypto lending fund in March, according to an unconfirmed report Go to Source Powered by WPeMatico
Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It
Acknowledging Venezuela’s efforts to deal with inflation and sanctions by creating a state-issued cryptocurrency, Russian officials have nevertheless declined a proposal to use the oil-backed coin in bilateral trade. According to Russian media, Moscow has recently offered Caracas a set of measures aimed at mending the country’s economy but the petro is not among the … Read more
Major Spanish Bank BBVA Closes €150 Mln Loan With Porsche Holding Using Blockchain
Spain’s second largest bank, Banco Bilbao Vizcaya Argentaria, has closed a €150 million loan using blockchain with Porsche Holdings, the largest car distributor in Europe Go to Source Powered by WPeMatico