Loan News

Researchers at CoinGecko say 42% of loans from private credit protocols focus on emerging markets, particularly in the automotive sector. Private credit protocols — like Centrifuge and Goldfinch — allocate over 42% of their outstanding loans to a car financing,…

Blockchain-based private credit is gaining traction in 2023 as companies seek financing in a high-interest-rate environment. According to data from RWA.xyz, blockchain-powered private loans have surged by 55%, reaching approximately $581.6 million as of Dec. 18. While this figure is…

Tether Holdings has resumed lending services in its stablecoin less than a year after promising to “reduce lending to zero.” According to the Wall Street Journal, the company was supposed to reduce the issuance of loans to zero in 2023.…

Binance is preparing to roll out a new product that would enable non-fungible token (NFT) holders to borrow crypto against NFT assets. 

Algorithmic crypto trading and market-making firm, Auros Global has failed to make payment on its decentralized finance (DeFi) loan. According to M11 credit, the missed payment could be attributed to Auros Global’s latest liquidity experience from the FTX bankruptcy. FTX…

Belgium-based DeFi Credit platform, Credix is partnering with Clave to provide $150 Million worth of loans to serve Latin American businesses.  Clave Collaborates With Credix on New DeFi Debt Pool Popular decentralized credit marketplace, Credix has announced a new alliance…

Ahead of Ethereum’s anticipated transition, the decentralized lending and borrowing platform, Aave, has announced that it would cease loaning Ether to others. The decision came following the Aave community’s overwhelming vote in favor of the suspension. Aave to Stop Loaning…

There seems to be no end to the woes facing troubled crypto lender Celsius. In its latest setback, the company has been ordered by California’s Department of Financial Protection and Innovation (DFPI) to halt all activities pertaining to the selling…

The ongoing crypto winter has claimed its fair share of high-profile scalps, foremost among them being digital asset lender Celsius Network. Beginning on June 12, the Celsius saga has been dramatic and long-winded, exposing the soft underbelly of the crypto…

Cryptocurrency lender firm Nexo issued a cease and desist letter to counteract allegations of an anonymous Twitter account. Nexo Could File a Lawsuit On June 26, a series of tweets from the account, which uses the third person pronoun “Otter,”…

Analysts in the crypto industry say that more and more Bitcoin miners are having trouble paying back loans they took out against their mining rigs. While only a few miners have actually defaulted on their obligations, an increase in the…

A “whale” Solana account has moved about $25M from Solend to another protocol to reduce the risk of liquidation. According to Solend, the investor moved the loan to Mango markets. Whale Salvages Solend from Loan Issue The Solana blockchain-based financial…

Decentralized finance (DeFi) has changed the way the world sees the money market forever. New ideas, scopes, and traditions that were unthinkable years ago have now been introduced into the world of finance. People can now access instant loans using cryptocurrency as collateral but the latest bridge is securing zero-interest loans in a fast, seamless, and frictionless manner for everybody, no matter their status in society. When it comes to accessing decentralized zero-interest loans, Sovryn, Hubble and Liquity lead the pack.

Silvergate Capital Corporation has added Fidelity Digital Assets as a custodian for SEN leverage. This makes Fidelity Digital Assets the second major custodial services to join Silvergate in a week following Coinbase Custody’s addition.  Fidelity Clients to Access Silvergate Loan…

Maker Foundation CEO, Rune Christensen, announced that Multi-Collateral DAI (MCD) is scheduled to go live on November 18. In his announcement at DevCon Osaka, Christensen was talking about emerging trends in DeFi before dropping this news on the audience. MCD…

According to a press release issued May 9, 2019, Figure Technologies in conjunction with Jefferies and WSFS Banking Services recently completed a $1 billion asset-based loan facility on the Provenance blockchain. The partnership will see Figure’s Provenance blockchain handling the…