For the first time since 2018 Bitcoin balances on exchanges fell below 2.5M

Bitcoin's balance on three popular exchanges decreased by 390k BTC over the past 9 months. On October 20, 2020, the amount of Bitcoin (BTC) held at major exchanges fell below 2.5 million BTC for the first time in two years.  Source: Glassnode.Nexo co-founder Antoni Trenchev opined to Cointelegraph that this trend is driven by the world finally realizing that only Bitcoin offers sound monetary policy: “[People are] slowly are realizing what some of us have known for a while — BTC is the only sound monetary policy right now and you cannot afford to depart from the best performing asset of the decade.” He also noted that the community is resorting more to self-custody solutions, including platforms like Nexo, where they can “tax-efficiently borrow against their assets rather than selling them." Cointelegraph noted yesterday that the Bitcoin supply is currently diffused more than ever. Alex Mashinsky, co-founder of the Celsius crypto lending platform, told Cointelegraph that the exodus will likely continue unless exchanges begin offering better terms to their customers: "As long as exchanges refuse to give their clients more they will leave them and come to Celsius.

Brock Pierce: True decentralization is a way off

True decentralization will take time, US presidential candidate Brock Pierce suggests, citing DeFi as a crucial stepping stone towards this end. US presidential candidate Brock Pierce believes true decentralization, in its purest form, does not exist today, and is not practical in the near future.  He told Celsius founder and CEO Alex Mashinsky in an hour-long #MOIP interview released earlier today that while DeFi, is headed towards decentralization, it shouldn’t attempt to be entirely decentralized right now. The crypto venture capitalist turned politician stated a hybrid approach including both decentralized and centralized control is more appropriate. “All of us in this space generally believe in decentralization,” he said.

Crypto Lender Celsius Makes It Easier to Borrow Bitcoin-backed Loans

Celsius Network, a centralized crypto lending and interest platform, has lowered the minimum borrowing requirement for a new loan to $500.

Bitcoin and Ethereum Yields Come to Bitfinex Customers

Bitfinex is working with Celsius Network to offer its customers easy access to annual percentage yields on their crypto.

Crypto lending rates are low and DeFi is not competition says Nexo co-founder

It's all about location and perception. Much has been said about attractive interest rates offered by popular crypto lending platforms like BlockFi, Celsius Network and Nexo.

Bitcoin adoption heats up as climate change wreaks havoc worldwide

As the world continues to warm and face the effects of climate change, what does this mean for Bitcoin, blockchain and the world of crypto? In October 2018, the journal Nature Climate Change made headlines both within the crypto world and beyond after it published a study claiming that within three decades, the carbon emissions of the Bitcoin network alone could push the planet past 2 degrees Celsius of warming — the threshold established by the international Paris Agreement.  While additional research has been released since, showing that much of the Bitcoin network actually relies on renewable energy sources, the initial reporting has been influential in shaping the way in which people understand the role of cryptocurrency within the context of the global climate crisis: The planet is warming, and cryptocurrency is, at least in part, to blame. However, the truth is that the relationship between crypto and climate is much more complex, as global warming has consequences far beyond how hot summers are.

Crypto Borrowing: Here Are Seven of the Best Interest Rates on the Market

Cryptocurrency is sizing up traditional finance on its legacy turf of lending and borrowing with competitive interest rates (currently as low as 0.44% for ethereum and 4.50% per year for bitcoin) as well as less cumbersome verification procedures.

Celsius Network raises more than $20M via equity crowdfunding

After numerous extensions, Celsius’s equity crowdfunding raise has attracted 1,000 investors and more than $20 million. Blockchain-based lending platform Celsius (CEL) Network has raised $20.17 million from more than 1,000 investors with one day to go in its recently extended crowdfunding offering. The most recent extension occurred long after passing the $17 million ‘target’, which itself was a substantial increase on the original $10 million to $15 million target. Celsius trumpeted it’s $10.7 million raised from 39 investors on the first day of the offering, but it then took 44 more days to raise the next $10 million.

Lumi Wallet Web Widget: Cryptocurrency Exchange on Your Website

Good news for those who want to upgrade their website with functional tools and features – on August 5st, Lumi Wallet Technologies launched its app web widget.

What Crypto Lender Celsius Isn’t Telling Its Depositors

Like all lending, the crypto kind carries risk.

Celsius Token Skyrockets Over 800% Since March

CEL, the native token of crypto lending and savings platform Celsius Network, has continued its exponential rise in price this week, gaining more than 50% in price over the past 7 days alone, and standing out as today’s best-performing asset among the top 50 cryptoassets by market capitalization. As of press time (08:38 UTC), the price of CEL is up by almost 8% in the past

Buy Stablecoins With Your Credit Card in Lumi Wallet

Lumi Wallet announced that from June 2020, Tether USDT, Binance USD, Paxos Standard Token, Celsius and Dai are available to purchase in Lumi Wallet with a credit card.