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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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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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Secured Automated Lending Technology (SALT) has an enviable problem if its recent Medium post is to be believed. The membership-based crypto-as-collateral loan platform has declared “a demand of over $1.3b in loan requests” is forcing it to suspend “new membership registrations, loan requests, and purchases of SALT.” Also read: How To Regain Control From Nanny Zuck […]
The post Crypto-Backed SALT Claims $1.3 Billion Backlog, Suspends New Memberships appeared first on Bitcoin News.
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A proposal was presented at the Russian Expert Council for Non-Bank Credit Organizations to allow rural businesses in the country to receive crypto loans to attract funds from abroad. The chairman of the council, a State Duma member, is asking rural credit cooperatives to study and educate rural residents on cryptocurrency. Also read: Indians Look to […]
The post Rural Russia Prepares to Attract Crypto Loans appeared first on Bitcoin News.
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The operator of Japan’s most popular chat app with approximately 168 million monthly users has announced its plans to launch a cryptocurrency exchange. Line Corporation has already begun the registration process as a crypto exchange with the country’s financial regulator. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Line Starting Crypto Business […]
The post Japan’s Most Popular Chat App Launching Cryptocurrency Exchange appeared first on Bitcoin News.
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British bitcoin investors trying to use their earnings to buy real estate are facing difficulties in securing loans from mortgage lenders. Several building societies refuse to work with them even after they converted the cryptocurrency to fiat and provided a paper trail for its origins. Also Read: Pineapple Will Match up to $4M in Bitcoin […]
The post Some UK Mortgage Lenders Refuse to Serve Bitcoin Investors appeared first on Bitcoin News.
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Just recently the consumer group Lendedu released a report on bitcoin investors who use credit to purchase digital currencies. According to the survey, out of 672 active bitcoin investors polled, 18.15 percent of the participants used a credit card to fund bitcoin purchases. Also read: French Entrepreneur’s Case to Overturn the Bitlicense Dismissed Out of 672 […]
The post Report Reveals 18% of Investors Buy Bitcoin With Borrowed Money appeared first on Bitcoin News.
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The Satoshi Revolution: A Revolution of Rising Expectations. Section 1 : The Trusted Third Party Problem Chapter 3: Trying to Undo Satoshi by Wendy McElroy Exchanges – Exchanging Liberty for Convenience? (Chapter 3, Part 6) The best “TTP” of all is one that does not exist, but the necessity for which has been eliminated by […]
The post The Satoshi Revolution – Chapter 3: Exchanges – Exchanging Liberty for Convenience? (Part 6) appeared first on Bitcoin News.
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Since BitConnect (BCC) rose to the top echelons of CoinMarketCap’s chart several months ago, it has received much skepticism from the mainstream cryptocurrency community. Despite this, it has maintained a huge market cap, seldom dipping below the top 20 coins, and seems to be continually growing. It’s clear that BitConnect, which promises daily returns of around 1% for users who “loan” money by locking it up in BitConnect’s systems for a predetermined period of time, is a blatant Ponzi scheme. However, the scheme, which disguises loans as funds used by a trading bot, has been very appealing to naive investors, as evidenced by the coin’s huge market capitalizationPowered by WPeMatico