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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..

Huobi Wallet to Support MakerDAO Tokens, Decentralized Applications

News Major cryptocurrency exchange Huobi has added support for MakerDAO tokens and decentralized apps (DApps) in its wallet. Huobi Group shared the announcement with Cointelegraph on Aug. 19. MakerDAO has a stablecoin called Dai, a token named MKR, and applications including CPD Portal. The Maker..

Silvergate Bank Plans to Offer Cryptocurrency-Collateralized Loans

News The holding company of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans. In an S1/A form filed with the United States Securities and Exchange Commission on Aug. 15 the bank notes: “We believe th..

Institutional Crypto Lending Platform Receives Gibraltar DLT License

News Fully collateralized crypto-to-crypto lending platform Lendingblock has received a distributed ledger technology (DLT) provider license from Gibraltar Financial Services Commission (GFSC), reports Crowdfund Insider on Aug. 15. The accreditation brings the institution-focused platform one step..

Novogratz’s Crypto Bank Galaxy Digital Invests in Digital Asset Lender

News Digital asset lender DrawBridge Lending (DBL) announced that it received funding from cryptocurrency commercial bank Galaxy Digital. A fiat-crypto lending and investing serviceDrawBridge announced in a press release published on Aug. 8 that it received funding from Galaxy Digital, further str..

Cryptocurrency Lender Dharma to Postpone Accepting New Deposits and Loans

News San Francisco-based crypto lender Dharma has decided to pause new deposits and loans on its platform. Dharma announced their decision in a series of official Twitter posts on Aug. 7. Their second tweet in the series reads: “For now, we're pausing new deposits and loans in Dharma. If you..

BlockFi Raises Over $18M in a Round Led by PayPal Co-Founders’ VC Firm

News American cryptocurrency lender BlockFi has secured $18.3 million in a funding round led by Valar Ventures. The Series A funding round saw participation from a number of crypto-focused investors, including Winklevoss Capital and Galaxy Digital, according to a press release shared with Cointele..

South Korea’s Shinhan Bank Developing a Blockchain Stock Lending System

News South Korea’s oldest bank, Shinhan Bank, is developing a Distributed Ledger Technology (DLT)-enabled stock lending platform, local media Econonews reports on Aug. 1. Blockchain-based stock lendingPer the report, Shinhan Financial Investment signed an agreement with financial services company ..

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