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Crypto Platform Celsius Network Reaches $4.25 Billion in Total Loans

News Cryptocurrency platform Celsius Network announced that it reached $4.25 billion in total crypto loan origination as of Nov. 12 in a press release shared with Cointelegraph. Celsius reached $4.25 billion of cryptocurrency loans since the start of its activity in July 2018 calculated at current..

Blockchain.com Loan Desk On Track to Lend Over $120 Million In November

News United Kingdom-based cryptocurrency data and wallet provider Blockchain.com is reportedly on track to lend out more than $120 million this month. On Nov. 14, the Block reported that Blockchain.com has been quietly building its loan desk to be competitive with firms like Genesis Global Trading..

Int’l Bank Regulator Is Studying Crypto Lending Capital Requirements

News Global banking regulator the Basel Committee on Banking Supervision (BCBS) is working to establish how much capital lenders should hold to cover the risks generated by dealing with cryptocurrencies. Business Reporter published the news on Nov. 7 that the Basel Committee — which includes banki..

Genesis Capital Crypto Lending Firm Reports $870M in New Originations in Q3

News The institutional digital asset lending firm Genesis Capital released its Q3 report, which shows a growing demand for cash and stablecoin lending. On Oct. 30, Genesis Capital, a spin-off of over-the-counter cryptocurrency broker Genesis Global Trading, reported that the crypto lending firm sa..

Crypto Exchange Binance Launches Eighth Phase of its Lending Product

News Cryptocurrency exchange Binance has announced the launch of the eighth phase of its lending product on Oct. 7. In this phase, Binance will start offering 14-day fixed-term lending products. The subscribers will be accepted on a first-come, first-served basis. The subscription period begins on..

Blockchain Startup Tracks Property Liens in Energy-Efficient Loan Market

News Blockchain company Spring Labs will be developing a national property lien registry for four financing providers in the United States. Combat fraud and enhance identity validationIn an Oct. 1 press release, Spring Labs announced that it was selected by the Property Assessed Clean Energy (PACE..

Binance to Launch Lending for XMR, ZEC and DASH This Week

News Binance exchange will feature three new coins within the fifth phase of its crypto lending product available for subscription starting from Sept. 20. Same interest rate for all 3 coinsAfter initially launching its Binance Lending Service on Aug. 28, Binance will now allow users to lend assets..

Payments Processor Stripe Launches Lending Service for Online Companies

News Online payments processor Stripe announced the launch of its lending service Stripe Capital for the internet businesses in the United States. On Sept. 5, Stripe announced the launch in a blog post, noting that — once approved — access to funds is usually granted on the next day. The press rel..

Dharma Announces Closed Beta for Version 2 of Lending Platform

News San Francisco-based crypto lending and borrowing firm Dharma has announced the start of a closed beta for a new version of its platform. Upcoming changes and short-term timelineDharma announced its new platform iteration in an official blog post on Aug. 29. According to the announcement, Dhar..

Nonprofit Launches Blockchain Platform for Credit History in Sierra Leone

News San Francisco-based nonprofit Kiva, a company that crowdfunds loans for financial inclusion, has launched a blockchain platform for credit history with the government of Sierra Leone. According to a Reuters report on Aug. 21, Kiva and President of Sierra Leone Julius Maada Bio jointly launche..

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