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Morningstar Develops Blockchain Platform for Debt Securities

News The credit rating arm of financial services giant Morningstar is developing a blockchain platform for the $117 trillion debt securities industry. Morningstar Credit Ratings is building an evaluation system for debt securities issued as tokens on a blockchain, Forbes reports on Oct. 2. Michael..

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..

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..

As US Expands Subprime Mortgage Program, Is a New Crisis Looming?

The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social g..

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..

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..

MasterCard and Nexo Jointly Launch Crypto Credit Card

News Instant crypto loans firm Nexo and international payment system corporation MasterCard are jointly launching a cryptocurrency credit card. The development was announced in a press release shared with Cointelegraph on Aug. 2. “World’s first”Nexo claims the Nexo Card to be the first card in the..

Report: Celsius Is the Fastest Growing Crypto Lender — $2.2B in Loans

News Cryptocurrency lending and borrowing platform Celsius Network has topped $300 million in coin deposits in the course of 12 months and completed over $2 billion in coin loan origination, according to a press release published on Aug. 1. “Fastest growing lending platform”Since July 2018, when t..

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