Bitly Alternative Cred Rewards Social Sharers With Bitcoin
A new bitcoin application is seeking to impact the online advertising space with a Bitly alternative that rewards users in bitcoin. Called Cred, the application seeks to encourage readers to share content through specialized links that generate monetary rewards. The difference between Cred and existing URL management platforms is that, in addition to a link shortener, the application inserts its own advertisements into the user experience. "There's a page between the platforms and the content, so that's an opportunity for an advertiser to display an ad based on where you're going," Cred....
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“We just want to know that our funds are safe,” said one Cred user United States-based cryptocurrency lending service Cred filed for Chapter 11 bankruptcy protection on Saturday, leaving many customers searching for solutions to get their funds. According to court documents, the legal team for Cred CEO Daniel Schatt filed bankruptcy papers for the company in the District of Delaware on Nov. 7. Cred listed its estimated assets at between $50-100 million and its estimated liabilities between $100-500 million. In an official statement, the company said it had filed for Chapter 11 in an....
A supposed Uphold user said that the first issues on CredEarn started on Oct. 15. Cred, a United States-based cryptocurrency lending service, has officially announced the temporary suspension of operations due to an ongoing investigation.On Oct. 29, Cred executives tweeted that the company is now cooperating with law enforcement authorities to investigate a “recent fraudulent incident.”As part of the ongoing investigation, Cred suspended “all inflows and outflows of funds.” The company expects to provide an update regarding the issue within the next two weeks.Unfortunately, we are unable....
In a recent report, Cred Protocol just disclosed its first credit scores for decentralized finance users. The protocol is a decentralized credit scoring startup based on the Aave Protocol. Cred Protocol is headquartered in San Francisco and runs with a team of 9 personnel. The firm operates with part of the goal of making decentralized […]
Decentralized lending platform Cred says it's cooperating with law enforcement over a "loss of funds."
A U.S. bankruptcy judge has rejected a motion to freeze the assets of beleaguered crypto lending service that was filed by its users. U.S. Bankruptcy Judge John Dorsey has denied an emergency motion filed by 15 customers of the embattled crypto lending firm Cred Inc. to freeze crypto assets held by the firm on exchanges amid its Chapter 11 bankruptcy proceedings.More than one dozen of Cred’s creditors filed the emergency motion on Nov. 23, seeking to compel 21 cryptocurrency exchanges to freeze assets held by Cred on their respective platforms, including five U.S.-based exchanges.During a....