A blockchain lending firm has seen the value of total loans funded surge to $1 billion since the U.S. Federal Reserve announced its emergency stimulus interest rate cut last week. A blockchain lending firm has seen the value of total loans funded surge to $1 billion since the United States Federal Reserve announced its emergency […]
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Decentralized finance project Paradigm Labs — backed by veteran crypto investors Polychain Capital, Dragonfly Capital and Chapter One Ventures — is shutting down. Decentralized finance project Paradigm Labs — backed by veteran crypto investors Polychain Capital, Dragonfly Capital, and Chapter One Ventures — is shutting down. In an announcement yesterday, March 10, CEO and co-founder […]
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The co-founder of bZx protocol, which was hacked last month, has taken full responsibility for the lapse and pledges changes for the future. The company that almost broke DeFi is asking for a new beginning. When the decentralized lending protocol bZx was hacked to the tune of some $1 million last month, some started questioning […]
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The U.S. Federal Reserve just injected $168 billion into the economy, totaling more than Bitcoin’s entire market cap. After several days of plunging markets, the U.S. Federal Reserve added $168 billion into the economy — a total higher than all money currently invested in Bitcoin. “Separate auctions Tuesday in the short-term lending market, or repo, […]
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Tether is making further inroads into decentralized finance by joining forces with Aave, formerly ETHLend, to let its users borrow and lend stablecoin Tether. Tether (USDT) is now available on Aave, a non-custodial lending platform formerly known as ETHLend. The top stablecoin by market capitalization appears to be signaling its move into Ethereum (ETH) decentralized […]
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Major cryptocurrency wallet service and blockchain data supplier Blockchain.com now allows all users to borrow Paxos Standard against Bitcoin. Amid the ongoing growth of the cryptocurrency lending industry, major crypto wallet service Blockchain.com launches a new lending product for all users, not just institutions. After first launching an institutional crypto lending desk in August 2019, […]
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Cryptocurrency lending platform BlockFi has added support for cash on its platform, which enables customers to purchase crypto through wire transfers. Cryptocurrency lending platform BlockFi has added support for cash on its platform, which enables customers to purchase crypto through wire transfers. The company revealed the new option in a press release on March 10, […]
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Tezos is a standout altcoin for 2020, but is interest in the protocol justified? Let’s talk about Tezos (XTZ). For a long time, the joint United States–Swiss altcoin has had a strong reputation, yet a checkered past. Only recently has the price begun to reflect the faith that many already had in the protocol. However, […]
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A noncustodial smart wallet for both cryptocurrencies and DApps has sealed fresh funding as its attempts to challenge existing offerings in the industry. A noncustodial smart wallet for both cryptocurrencies and decentralized applications has sealed fresh funding as its attempts to challenge existing offerings in the industry. Speaking to Cointelegraph on March 9, Itamar Lesuisse, the […]
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Central banks’ growing interest in DLT reveals concerns in the traditional financial sector as the gap between the two narrows Despite the interest shown in decentralized ledger technology by central banks, cryptocurrencies continue to be mistrusted by the traditional financial system. This has been made apparent from comments by Andrew Bailey, the upcoming governor of […]
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