Borrow and lend on Bitcoin
Payments aren't the only transactions that can be done on chain, and with smart contracts, even direct lending and borrowing with agreed-upon terms and conditions are possible.
Payments aren't the only transactions that can be done on chain, and with smart contracts, even direct lending and borrowing with agreed-upon terms and conditions are possible.
The Vermont watchdog also accused Celsius of offering unregistered securities even as a new FT report shows that Celsius openly gambled with investor money.
The regulator revealed its investigations have already found that BlockFi and Voyager have been offering unregistered securities and is going after others.
The U.S. securities regulator plans to take enforcement action on the blockchain and digital currency industry, according to Chair Gary Gensler.
The state of Texas has filed a Cease and Desist order against BlockFi and claims that BlockFi's Interest Accounts are unregistered securities.
BlockFi, the popular cryptocurrency lending and borrowing platform, has been issued a cease and desist order by NJ's Attorney General.
Cred, the digital currency lending and borrowing service provider, has filed for chapter 11 bankruptcy due to fraud that impacted its balance sheet.
BlockFi has integrated support for fiat currencies, allowing clients, both domestic and global to purchase as little as $10 worth of crypto and earn interest.
Binance's new lending platform received a lot of negative attention stating that it is a very bad idea.
Dharma Labs completed a Series A funding round earlier this year to support its cryptocurrency lending platform project.
The company's new cryptocurrency interest-earning accounts originally would pay 6.2% APY on an annual monthly interest rate of 6%.
Dharma Labs is building tools for blockchain lending. Its first entry, Dharma Lever, is currently in alpha testing and allows loans for cryptocurrency traders and those crypto holders who have large wallets.