Crypto Lending Rebuilds From The Rubble, Reaching $25B In New Activity—Study
Reports have disclosed that centralized crypto lending climbed to roughly $25 billion in outstanding loans in the third quarter, a figure that signals renewed activity among centralized platforms. Activity has picked up this year, and some firms that survived the recent shake-out are growing their loan books again. Related Reading: Domino-Effect Sell-Off: Analysts Reveal The […]
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Bitcoin showed some muscle today, breaching the $93,000 mark, as buying saw a good amount of activity across the digital currency market. Even with prices heading north, Bitcoin stored on Binance has been retreating, according to on-chain data. Related Reading: Crypto Lending Rebuilds From The Rubble, Reaching $25B In New Activity—Study That shrinking supply on […]
Russian rubles are now flooding into Tether, while rubble-denominated crypto pairs are on the rise on major crypto exchanges. Between February 20 and February 28, Bitcoin volume surged by 243%, from 522 to 1,792 BTC traded via Binance’s BTC/RUB combo. A Russian government study claimed Russians held 2 trillion rubles ($20 billion) in cryptocurrencies. Related Article | Bitcoin Staggers After Putin’s Nuclear Deterrence Alert Warning Rubble-Denominated Crypto Pairs Surge On February 28, a tremendous spike in the volume of the ruble pairings in Binance, especially in USDT, became....
SPAR Switzerland has started letting shoppers pay with Bitcoin at checkout, a move that puts crypto into everyday grocery shopping. According to a company announcement and follow-up reports, the rollout is already live in more than 100 SPAR stores and is planned to expand to 300+ locations across the country. Related Reading: Crypto Lending Rebuilds […]
“If any regulatory or technical changes are required in a specific jurisdiction, Celsius will provide clear and timely communication as needed,” said the firm. Crypto lending firm Celsius Network has confirmed it is one of three platforms requested to provide information to the New York Attorney General’s office.In a Tuesday blog post, Celsius said it was not one of the two unnamed crypto lending platforms that New York Attorney General Letitia James ordered to “cease any and all such activity” around selling or offering cryptocurrencies. Rather, Celsius said it was “working on providing....
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 […]