Bitcoin Hodlers Get a Lending Option With No KYC
Hodl Hodl is launching a peer-to-peer lending marketplace for hardcore bitcoiners
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Billionaire and crypto-asset supporter, Mark Cuban has identified bitcoin hodlers’ endurance as a model that stock investors can follow. According to the billionaire, after acquiring the asset at high prices back in 2017, the hodlers “held on because they believed in the asset.” Following in the Footsteps of BTC Hodlers These long term hodlers were unmoved even when the crypto asset lost more than two-thirds of its value after the 2017/18 bull run ended. Cuban’s remarks about BTC hodlers were in response to a request for advice to stock traders that incurred losses....
These new regulations will also have an impact on Bitcoin in China. Since cryptocurrency does not fall under these regulations, it may become the new peer-to-peer lending option. Peer-to-peer lending has always been a very popular trend in China. That is not entirely surprising, as the country is keen on innovation and embracing new trends. But there have been a fair amount of problems with P2P lending in China over the past few months. New rules have been announced, which will put a vice grip on this innovative business model. At its core, any peer-to-peer service should not shut down....
Trava is the next generation of Lending Protocols, employing an innovative model of multiple lending pools created by users. This groundbreaking cross-chain lending development is something you have to check out if you ever wanted to create and manage your own lending pool, starting an online lending business and potentially earn big profits from it. The Trava smart contract is now live on both Binance Smart Chain and Fantom Network.
A Decentralized Marketplace for Cross-Chain Lending
Trava.Finance is the world’s first decentralised marketplace for cross-chain lending and....
According to CEO Zac Prince, BlockFi signed agreements with FTX US totaling $680 million — for a company that had a $5 billion valuation in June 2021. FTX US has inked a deal with BlockFi that will give the crypto derivatives exchange the option to purchase the lending firm.In a Friday Twitter thread, BlockFi CEO Zac Prince said the crypto lending firm had signed agreements with FTX US for a $400-million revolving credit facility as well as the option to acquire BlockFi “at a variable price of up to $240 million based on performance triggers.” According to the CEO, the deal was reached as....
The evolution of crypto lending is continuing at pace, with new projects regularly coming onstream. These platforms, most of which exist in the decentralized finance (DeFi) realm, offer users the ability to obtain loans without having to contend with intermediaries and accept counterparty risk. In concert with asset issuance, payments, governance, and insurance, crypto lending is helping to construct a new and fairer blockchain-based financial system. Crypto Lending Ecosystem Expands The crypto lending landscape currently […]