crypto lending

Aave Becomes Second DeFi Project to Overtake MakerDAO for Most Crypto Deposited

Decentralized finance (DeFi) credit market Aave has pulled ahead of stablecoin mint MakerDAO for the title of most collateral staked on Ethereum, according to DeFi Pulse. Aave now has $1.47 billion-worth of different crypto assets staked for credit lines, while MakerDAO has $1.45 billion in total value locked (TVL).  “Reaching the highest TVL was possible …

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Coinbase to Offer Bitcoin-Based Cash Loans of up to $20,000 Across 17 US States

U.S. crypto exchange Coinbase will start offering bitcoin-backed cash loans to select customers as early as next month. Investors can borrow up to 30% of the bitcoin they hold on the exchange, or a maximum $20,000, it said. In a blog post on August 13, Coinbase unveiled its new crypto lending business, which places it …

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Genesis’ Crypto Lending Rebounds in 2Q; Firm Acknowledges Unsecured Loans

Genesis Capital’s lending portfolio rapidly recovered in the second quarter after a sharp decline that resulted from the mid-March bitcoin (BTC) sell-off.  The cryptocurrency lender’s book of active trading loans increased 118% from the end of the first quarter to $1.4 billion at mid-year, the firm disclosed Tuesday. The blistering pace of growth was likely …

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What Crypto Lender Celsius Isn’t Telling Its Depositors

Standing in a spacious, white living room and sporting a black T-shirt, Alex Mashinsky, CEO and co-founder of cryptocurrency lender Celsius Network, urged his customers to ignore the naysayers. “Don’t listen to the FUD-ers, look at the facts,” Mashinsky said on the YouTube livestream on July 17, using crypto slang for “fear, uncertainty and doubt.” …

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Crypto Lender Nexo Enters Prime Broker Race, Enlists Chainlink for Audits

Crypto lender Nexo is preparing to enter the prime brokerage space with Chainlink-powered audits that bring more transparency to its operations. The Swiss lender announced an integration with the oracle provider on Wednesday. Chainlink will provide audit trails for Nexo’s lending and borrowing operations, revealing how the firm handles user collateral, Nexo CEO Atoni Trenchev …

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Cred Taps Former NSA, Western Union Bosses for Leadership Team

Decentralized lending platform Cred has welcomed former National Security Agency computer scientist Bethany De Lude and Western Union executive Daniel Goldstein as chief information security officer (CISO) and chief technology officer (CTO) respectively, the firm announced Monday. Dan Schatt, Cred’s chief executive, told CoinDesk the crypto community stands to benefit a great deal from a …

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