Latest Crypto Lending News

  • Bitfinex Investor Reportedly Detained by the Chinese Authorities
    Bitfinex Investor Reportedly Detained by the Chinese Authorities
    Zhao Dong was taken in custody by the police with no official statement as to his detention. Reports circulating in Chinese media allege that Zhao Dong, head of the over-the-counter (OTC) crypto lending platform RenrenBit, has been detained by local police. The validity of these reports is not known at this time.
  • Confusion Reigns in China as RenrenBit CEO Reportedly Detained by Police
    Confusion Reigns in China as RenrenBit CEO Reportedly Detained by Police
    Chinese media outlets are reporting that Zhao Dong, the head of over-the-counter (OTC) and crypto lending platform RenrenBit and a prominent Bitfinex investor has been taken in for questioning by police. Per reports from media outlet BlockBeats and Chainnews, “rumors” are circulating in online communities about Zhao Dong, with many people claiming he has been taken
  • Crypto Lender BlockFi Says Monthly Revenue Up 100% After Bitcoin Halving User Boost
    Crypto Lender BlockFi Says Monthly Revenue Up 100% After Bitcoin Halving User Boost
    BlockFi said it's seen a surge in revenue since the bitcoin halving and the launch of its mobile app.
  • Celsius Token Skyrockets Over 800% Since March
    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
  • Crypto Lending: The Ultimate Killer App?
    Crypto Lending: The Ultimate Killer App?
    Using digital assets to earn yields and borrow capital became possible thanks to crypto lending, one of the fastest-growing sectors in the crypto ecosystem. Crypto lending, one of the fastest-growing industries in the blockchain ecosystem, has made it possible to earn yields and borrow capital using digital assets. According to a report by research company Credmark, the volume of crypto-backed loans increased seven-fold in 2019, ultimately reaching $8 billion. Experts speculate that crypto lending will attract more investors into the crypto market by increasing its liquidity. “You can think of lending as this incredible grease that just pushes everything forward at a much faster rate”, states Paul Murphy, CEO at Credmark. However, lending and borrowing crypto is a risky practice due to the high volatility of digital currencies. In fact, a significant amount of crypto-backed loans are used for margin trading operations. “When the market drops by more than 50 percent, and you're in a collateralized margin type of trade, you can lose all of your principal”, points out Brock Pierce, a prominent cryptocurrency entrepreneur. While most crypto lending businesses rely on centralized custodians to manage their customers’ funds, DeFi lending platforms allow peer-to-peer lending and borrowing operations with no middlemen involved. However, we are in the early stages of this technology, which means that these platforms may pose a number of usability downsides. Find out more about crypto lending in the full video on our Youtube channel and don’t forget to subscribe!
  • Ledger Will Provide its First Crypto Lending Partner YouHodler with Crypto Insurance
    Ledger Will Provide its First Crypto Lending Partner YouHodler with Crypto Insurance
    FinTech platform and crypto-backed loan service provider YouHodler has selected digital asset wallet provider Ledger Vault to be implemented across its platform, to offer its users an added layer of security and protection.
  • Cred Taps Former NSA, Western Union Bosses for Leadership Team
    Cred Taps Former NSA, Western Union Bosses for Leadership Team
    Crypto lender Cred is bolstering its technical knowledge by bringing on an experienced CISO and CTO.