NY Attorney General: Unregistered Crypto Lenders Must Shut Down

The New York Attorney General’s office today announced “additional investigations” into unregistered crypto lending and borrowing platforms.

Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings

A FINMA-licensed Swiss bank, Seba, has launched a program enabling clients to earn yield on their crypto holdings.

Altcoin Project Accidentally Sends $92,400,000 in Crypto to Investors, CEO Says Protocol Error Is To Blame

The founder and chief executive of a lending and borrowing protocol says protocol error is to blame for the accidental distribution of tens of millions of dollars worth of crypto assets to investors.

Banker Faces 10-year Jail Term after Borrowing Money in Mother’s Name to Buy Crypto

aded guilty to violating the Act on the Aggravated Punishment of Specific Economic Crimes.The court heard that A has “illegally borrowed” over USD 2.3m worth of fiat KRW “in the name of his mother and other relatives” in a period from October 2019 to March 2020 while working in the loans depa...

Amber Group Eyes US Listing 'Next Year or the Year After' – CEO

Morning Post that a direct listing is “definitely on the table probably next year or the year after” and that “The US is a likely destination, but we’re open-minded.”The four-year-old company, which also offers crypto-based lending and borrowing services, is managing USD 1.5bn in digital asse...

Alchemy Pay Using Chainlink to Enable Trading on Decentralized Exchanges and Borrowing in DeFi Using ACH

PRESS RELEASE. Singapore, September 22, 2021 – Alchemy Pay is now using Chainlink Price Feeds to enable users to buy crypto on decentralized exchanges (DEXs) and obtain loans in leading DeFi lending platforms directly from wallets using Alchemy Pay’s ERC-20 utility token, ACH.

Estonian 'auto liquidation' DeFi platform Minterest raises $6.5m

Minterest aims to channel all fees, interest, and revenue back into the protocol for its users. Decentralized finance protocol Minterest has just secured $6.5 million in funding for a long-term yield optimization platform.The private fundraising round was contributed to by a number of venture capital companies including KR1, DigiStrats, Bitscale Capital, PNYX Ventures, CMT Digital and others.The Estonian-based team intends to use the funding to develop the lending and borrowing protocol which it claims is “designed to make DeFi fairer for users.” Minterest uses a buyback mechanism that captures value and passes all of the revenue generated by the platform to its community.It automates the liquidation process which enables the capture of fees and interest which is recycled back to its users.

This Assurance Layer Is Bringing Trust To The World of DeFi Lending And Borrowing

rade assets and derivatives, and so on.

​​Cream Finance will integrate with Polkadot blockchain using Moonbeam

Kusama and Polkadot users will be able to use Cream’s services to deposit digital assets as collateral or lend them out. Decentralized finance project ​​Cream Finance will bring its lending and borrowing services to Moonbeam, a smart contract platform on Polkadot. In a Thursday announcement, the Moonbeam network said Cream Finance would be integrating with its ecosystem starting with its parachain on Kusama, Moonriver, and then on Polkadot.

Defi Platform Cream Finance Hacked, $29 Million Lost

Cream finance, a defi borrowing and lending protocol, has been the victim of a hack that erased more than $29 million from its vaults.

DeFi Project Cream Finance Involved in $25M Flash Loan Exploit

Lending and borrowing platform Cream Finance has fallen to a flash loan exploit involving Ampleforth’s governance token, AMP. 

EQIFI, the DeFi in Partnership With a Global Bank Now Available on the Bloomberg Terminal

PRESS RELEASE. EQIFI, a regulated and licensed decentralized platform for pooled lending, borrowing and investing Ethereum-based cryptocurrencies, stablecoins and select fiat currencies, has announced that its native token, EQX, has been enlisted on the Bloomberg Terminal under the EQX ticker symbol.

EQIFI now available on the Bloomberg Terminal

EQIFI, a regulated and licensed decentralized protocol for pooled lending, borrowing, and investing Ethereum-based cryptocurrencies, stablecoins, and select fiat currencies, has announced that its natThe post EQIFI now available on the Bloomberg Terminal appeared first on AMBCrypto.

EQIFI Launches Suite of Decentralized Financial Products Powered by a Global, Licensed Bank

PRESS RELEASE. British Virgin Islands — 6th August, 2021 — EQIFI, a decentralized protocol for pooled lending, borrowing and investing Ethereum-based cryptocurrencies, stablecoins, and select fiat currencies, has today launched its DeFi platform, including newly introduced fixed- and variable-rate ledning products, as well as the advanced yield aggregator and interest rate swaps.

EQIFI launches decentralized financial products powered by a global licensed bank

EQIFI, a decentralized protocol for pooled lending, borrowing and investing Ethereum-based cryptocurrencies, stablecoins, and select fiat currencies, has today launched its DeFi platform, including neThe post EQIFI launches decentralized financial products powered by a global licensed bank appeared first on AMBCrypto.

How crypto can modernize the world of lending

Crypto lending offers powerful advantages when compared with the status quo, including more competitive interest rates and flexible terms. Lending has been around in some form for thousands of years — dating back to ancient civilizations where farmers would borrow seeds and use crops as repayment.The arrival of fiat currencies transformed the way economies were run back then.

IQ Protocol by PARSIQ to Empower DeFi Projects, Developers, And Users

Launched on the mainnet last month, PARSIQ’s new lending and borrowing IQ Protocol is the first risk-free and collateral-less solution in the DeFi industry.

Nexo Wraps Up Strategic Investment in Yield Inc, Signals Vocal Support for DeFi Ecosystem

July 12, 2021 – London, United Kingdom Nexo, the leading regulated institution for digital assets, has completed a strategic investment in Yield Inc, a company leading efforts to build the Yield Protocol – an Ethereum protocol that enables fixed-rate borrowing and lending by fostering the nascent DeFi bond market – as part of the company’s $10 million ‘Series […] The post Nexo Wraps Up Strategic Investment in Yield Inc, Signals Vocal Support for DeFi Ecosystem appeared first on The Daily Hodl.

Nexo Wraps Up Strategic Investment in Yield Inc, Signals Vocal Support for DeFi Ecosystem

[PRESS RELEASE – London, United Kingdom, 12th July 2021] Nexo, the leading regulated institution for digital assets, has completed a strategic investment in Yield Inc, a company leading efforts to build the Yield Protocol – an Ethereum protocol that enables fixed-rate borrowing and lending by fostering the nascent DeFi bond market – as part of […]

DAI at 1xBit. New Stable Coin – Your Next Ride!

The text below is an advertorial article that was not written by Cryptonews.com journalists. Meet DAI at 1xBit - an Ethereum-based stable coin with its value of 1 USD, the key in the MakerDAO lending system. MakerDAO develops technology and resources for borrowing, lending, and saving money using the Ethereum blockchain.

Decentralized Liquidity Underwriter KUU Partners with BENQI to Scale DeFi on Avalanche

[PRESS RELEASE – New York, USA, 1st July 2021] Avalanche-based lending and borrowing protocol BENQI, and KUU, a decentralized liquidity underwriter for the Avalanche DeFi ecosystem, have announced a partnership to support BENQI’s on-chain liquidations.

Decentralized Liquidity Underwriter KUU Partners With BENQI To Scale DeFi on Avalanche

July 1, 2021 – New York, New York Avalanche-based lending and borrowing protocol BENQI, and KUU, a decentralized liquidity underwriter for the Avalanche DeFi ecosystem, have announced a partnership to support BENQI’s on-chain liquidations.

Sushiswap to deploy full suite of Sushi products on Harmony’s blockchain

“We believe this partnership with Sushi is just the beginning of bringing millions of people into decentralized finance,” said Harmony founder Stephen Tse. As the Harmony blockchain approaches the two-year anniversary of its mainnet launch, decentralized exchange SushiSwap will be deploying Sushi products related to rewards and yield farming. In a Thursday announcement from Sushi, the project said it would be partnering with Harmony to introduce liquidity mining rewards for Sushi, rewards for Kashi borrowing and lending, Sushi-specific hackathon challenges, and other products.

MakerDAO slashes stability fees as stablecoin demand wanes

Maker hopes to reignite demand for its DAI stablecoin through the fee reduction. Decentralized finance lending and stablecoin protocol MakerDAO has adjusted stability fees across a wide range of crypto assets used as collateral on the platform.The move comes as the demand for DAI and other stablecoins has cooled amid the recent crypto market retracement, with Maker hoping to drive up demand for DAI minting through the reduction in fees.⚠️Maker Protocol Changes ⚠️ (1/5)ETH-A Stability Fee: 5.5% → 3.5%ETH-B Stability Fee: 10% → 9%ETH-C Stability Fee: 3% → 1%WBTC-A Stability Fee: 4.5% → 3.5%LINK-A Stability Fee: 5% → 4%YFI-A Stability Fee: 5.5% → 4%— Maker DAI Bot (@MakerDaiBot) June 21, 2021 When users deposit crypto assets to mint the protocol’s stablecoin, DAI, the debt incurs a stability fee which is effectively a continuously accruing interest that is due upon repayment of the borrowed tokens.Maker’s fluctuating stability fees are designed to maintain DAI’s dollar peg, as when collateralized debt position (CDP) holders mint more DAI than the market demands, the stable token’s price could fall below $1.Increasing the stability fee pushes up the cost of borrowing DAI, reducing demand for minting the token.

Crafting Finance Launches Next-Generation Synthetic Asset Project on Polkadot

[PRESS RELEASE – SINGAPORE, May 28, 2021] Crafting Finance, the next-generation Polkadot-based ecosystem of decentralized finance products that comprises swap, lending, borrowing, and synthetic asset features, is combining the best of its features to create a bonded system and redefining how DeFi works.

First Bitcoin, now Ethereum: What you need to know when dealing with inflation concerns

"We are printing money, we are creating government bonds, we are borrowing on unprecedented scales.

Sequoia-Backed Onchain Custodian To Set Up New Crypto Lending Business

Source: Adobe/Андрей Яланский The Singapore-headquartered digital asset custody provider Onchain Custodian (ONC) is about to strengthen their positions in crypto lending and borrowing business, according to ONC Co-Founder and Chief Operating Officer (COO), El Lee. There is a novel company in the pipeline to be announced, with the registration to be finalized in a matter of weeks, he

Venus (XVS) price aims for $100 amid rising TVL and surge in DeFi users

The total value locked in Venus soared to a record $11.1 billion as DeFi users flock to the platform in search of attractive yields. Binance Smart Chain (BSC) has rapidly risen to prominence in 2021 as high transaction costs and congestion on the Ethereum (ETH) network led smaller-size investors to search for cheaper alternatives. One of the top choices to earn a yield on the BSC is Venus (XVS), an algorithmic money market and synthetic stablecoin protocol that provides a lending and borrowing solution for the decentralized finance (DeFi) ecosystem.

Compound Hits $15 Billion In Total Lending Value as DeFi Boom Continues

Compound, decentralized lending protocol, reached new heights with over $15 billion worth of cryptocurrency available for borrowing.

Pantera Capital backs Liquity Protocol’s $6M Series A funding round

Liquity Protocol, which provides interest-free borrowing on the Ethereum network, plans to expand its ecosystem and hire more resources following the latest funding round.

Crypto Loans Continues to Evolve with DeFi as Lendefi makes Undercollateralized Borrowing Possible

The cryptocurrency industry has evolved gradually over time, giving rise to a whole new industry segment, better known as DeFi – short for Decentralized Finance.

Compound to offer cross-chain borrowing via Gateway

Cross-chain collateral will soon be available with Compound Finance.

Pulse DeFi LTD Provides a Full Range of Financial Services, With Decentralization at the Forefront

Pulse DeFi LTD Is a new London-based platform for digital token farming, staking, lending and borrowing.

Second-Generation Lending Protocol Lendefi Is Coming for Compound’s Crown

PRESS RELEASE. Lendefi is a brand-new protocol aiming to provide opportunities such as lending and borrowing, leveraging and investing.

DeFi lending and borrowing, explained

As DeFi protocols continue to garner mainstream traction, here’s an introduction to how lending and borrowing work on these platforms. Are there any risks involved? DeFi protocols feature certain risks, such as third-party smart contract tampering and the risk of borrow APYs rising dramatically within a short time period. When compared with centralized finance, there are no practical dangers associated with DeFi lending.

QE Infinity: US Fed to Keep Rates at Zero, Billion-Dollar Bond Purchases Until Economy Recovers

This week the US Federal Reserve met for two days at the Federal Open Market Committee meeting and detailed that it would keep short-term borrowing rates at near zero.

Sovryn: Permissionless Bitcoin Lending, Borrowing, and Margin Trading 

[Featured Content] Arguably one of the best use cases for Bitcoin as the leading cryptocurrency is a store of value.

Sovryn launches complete suite for Bitcoin DeFi on RSK

The protocol features leveraged trading, lending and borrowing and an in-house decentralized exchange. Sovryn, a decentralized finance platform operating on the RSK Bitcoin sidechain, announced on Tuesday its public launch.

YieldFinanceFarm Is Next Generation DeFi Farm to Maximize Rewards – YIF Presale Is Now Live

PRESS RELEASE. Yield Finance Farm (YIF) is a high-yield Defi farm that allows you to Stake, Farm, Lend, Borrow, and Earn.

Fidelity unlocks Bitcoin as collateral for borrowing on BlockFi

Depositors using Fidelity Digital Assets custody will be able to access liquidity via BlockFi. Fidelity Digital Assets, the crypto arm of the asset management conglomerate, will allow institutional customers to pledge their Bitcoin (BTC) as collateral for cash loans. As reported Wednesday on Bloomberg, the firm partnered with crypto lender BlockFi to disburse the loans.

Aave Launches V2 in Bid to Make Borrowing Against Volatile Assets Less Risky

DeFi platform Aave has rolled out its second version, with several features that should make it more flexible and more capital efficient.

Earnfinance Is a Powerful DeFi Platform for Staking, Farming and Borrowing – YFE Presale Is Live

PRESS RELEASE. What is yield farming? Yield farming, also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings.

Japanese Financial Giant SBI Group to Borrow from Bitcoin Holders at Annual Rate of 1%

SBI Group has rolled out a cryptocurrency rental service dubbed “VC TRADE LENDING” aimed at borrowing Bitcoin from customers in return for 1% annual interest.

Report: Pandemic Response Pushed Global Debt to $272 Trillion in Q3, $5T in Borrowing Expected in Q4

The Institute of International Finance (IIF) says global debt will soar to a record $277 trillion by the end of 2020 as governments and companies continue to spend in response to the COVID-19 pandemic.

Bitfinex to compete with DeFi with new borrowing service

Customers can now borrow money from crypto exchange Bitfinex.

Watch Decentralized Insurance As Another Emerging DeFi Trend

Source: Adobe/H_Ko Decentralized finance (DeFi) is about more than just lending and borrowing.

Binance Boosting New Crypto Asset That Allows Traders to Lend and Borrow BTC, XRP and Additional Altcoins

The leading crypto exchange Binance is supporting a new DeFi (decentralized finance) project that allows traders to earn revenue by supplying and borrowing crypto assets.

Desperation Among Filecoin Miners Creating a Big Market for FIL Borrowing

The Filecoin network is facing liquidity problems, forcing some miners to borrow the native token at outrageous rates.

DeFi needs more fixed-rate lending protocols: Messari researcher

Researcher argues that fixed rate lending and borrowing would bring DeFi closer to traditional finance DeFi lending protocols have attracted billions of dollars in liquidity provision by offering huge returns, however the sector badly needs more fixed rate lending options according to one researcher. A number of protocols, including Yield Protocol, UMA Protocol, and Mainframe are already venturing into fixed rate lending and borrowing markets for crypto collateral.

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.

Coinbase Paying Users to Learn About DeFi Project Compound

Coinbase has added the DeFi protocol Compound to its Earn program, offering lessons in the basics of DeFi lending and borrowing.

New Binance-Backed DeFi Site Lets You Earn Yield on Bitcoin, Other Non-Ethereum Assets

Kava Labs has launched its first application: a yield-generating decentralized finance (DeFi) platform for bitcoin and other non-Ethereum assets.

CEX.IO to Offer Instant Cryptocurrency-Backed Lending Service in 217 Countries and Territories

LONDON, the United Kingdom – CEX.IO, one of the largest international exchanges in the cryptocurrency market, is set to launch a digital asset-backed lending service in September.

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.

Cryptocurrency Lending Platform Cred Joins Visa’s Fast Track Program

The digital asset lending and borrowing platform Cred has joined Visa's Fast Track program and it plans to leverage Visa's experience to enhance its services. The post Cryptocurrency Lending Platform Cred Joins Visa’s Fast Track Program appeared first on CryptoPotato.

Digital assets firm Cred eyes global expansion using Visa's network

Crypto borrowing and lending platform Cred has joined Visa’s Fintech Fast Track program to further the adoption of DeFi loans. The decentralized finance platform Cred will now use Visa’s extensive reach to further push the adoption of lending and borrowing of digital assets. On Sept.

Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License

The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week.