Lending


Finance

Here’s Why Interest Rates on Cryptocurrencies Could Be a Game-Changer

The growth in crypto lending platforms is giving birth to a new type of valuation metric: interest rates.

Credit: Shutterstock

Markets

DeFi Project bZx Exploited for Second Time in a Week, Loses $630K in Ether

The attacker manipulated price feeds in order to create and profit from an under collateralized loan.

Credit: Shutterstock/Vintage Tone

Markets

Mind the Gap: Why ETH Price and DeFi Adoption Aren't in Sync

Demand for DeFi lending services built on ethereum shows a pattern of inverse relationship to the price of ETH. When ether prices are falling, the amount of ETH locked in DeFi tends to rise. Most recent data indicate the relationship operates the other way, too.

Eth deposits in DeFi lending & price, 2019-2020 (chart)

Finance

Bitcoin Lender BlockFi Raises $30M in Series B Led by Peter Thiel's Valar Ventures

Having Hong Kong-based HashKey as an investor will help BlockFi expand into Singapore later this year, said CEO Zac Prince.

Peter Thiel image via CoinDesk archives

Markets

How Fund Managers View Lending and Staking: 3 Takeaways From a CoinDesk Research Webinar

In December, we invited two fund managers, both long bitcoin and other crypto assets, for a CoinDesk Research webinar on lending and staking. Jordan Clifford of Scalar Capital and Kyle Samani of Multicoin Capital joined us to discuss how they evaluate risk and returns in crypto lending and staking, what crypto assets' risk-free rate might look like, and what DeFi needs to do to attract investors and new users.

Chart of ETH locked in DeFi lending platforms vs time

Markets

BlockFi Adjusts Interest Rates to Lure Larger Crypto Deposits

BlockFi recently announced it would make changes to the interest they pay for bitcoin and ether deposits.

BlockFi CEO Zac Prince

Finance

Bitfinex Investor's Crypto Lending Startup Posts $2.3M in 2019 Revenue

China-based RenrenBit has disclosed it took $600,000 in net income from revenue of $2.3 million in 2019.

Zhao Dong spoke at cryptocurrency event in March 2018 hosted by Mars Finance. Zhao's image courtesy to Mars Finance

Finance

BlockFi Adds Litecoin, USDC to Its Lending Product Suite

The initial annual percentage yield will be 8.6 percent for USDC and 3.78 percent for litecoin.

BlockFi CEO Zac Prince

Markets

Stack Overflow VP Joins Crypto Lending Firm as Chief Product Officer

Crypto lending firm Unchained Capital has hired Will Cole of the Wyoming Blockchain Task Force as its new chief product officer.

Shutterstock

Finance

Crypto Lender BlockFi Rolls Out Zero-Fee Trading for Bitcoin, Ether, GUSD

BlockFi, the cryptocurrency lending service, is expanding into trading with an unusual, zero-fee model.

BlockFi CEO Zac Prince