Deconstructing The Bitcoin Lending Landscape in 2021: How To Lend Wisely And ...
Juicy interest rates on lending platforms are attracting Bitcoiners who are looking to stack more sats. But the devil is in the details.Bitcoiners have dreamed of lending and earning interest on their coins for over a decade. With companies such as BlockFi offering juicy 6 percent interest rates, has this dream finally come true? Or is this just a minefield, where you're just one step away from disaster? Let's peel back some of the layers of this onion to try to better understand today's bitcoin lending landscape, so you can make a more informed decision before parting ways with your....
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The Nasdaq-listed cryptocurrency exchange Coinbase has dropped its plan to launch a lending program after the U.S. Securities and Exchange Commission (SEC) threatened to sue the company.
Coinbase Will Not Launch Lending Program
Coinbase announced Friday that it has decided not to launch the Lend program. The exchange wrote:
Our goal is to create great products for our customers and to advance our mission to increase economic freedom in the world. As we continue our work to seek regulatory clarity for the crypto industry as a whole, we’ve made the difficult decision....
The exchange hinted at difficulties in regulatory clarity across the crypto industry in its decision to not bring its Lend product to the market. U.S.-based cryptocurrency exchange Coinbase has announced it will not be pursuing its Lend crypto lending program.In a Sept. 17 update to a blog announcing the program in June, Coinbase hinted at difficulties in regulatory clarity across the crypto industry in its decision to not bring the crypto lending product to the market. According to the exchange, “hundreds of thousands of customers from across the country” had already signed up for Lend, a....
Say it isn’t so! Apparently, MicroStrategy ‘s Michael Saylor is considering lending the company’s Bitcoin. On a corporate level, that makes all the sense in the world. As a Bitcoiner, it doesn’t. Will MicroStrategy actually go through with it? Is lending a reasonable strategy? What are the implications? Also, why are hardcore Bitcoiners so against lending? Those questions and more, that’s what we’re here to explore. Related Reading | Michael Saylor Says Bitcoin Is The Oxygen Mask That Will Save Investors In any case, the lending should surprise no one. Saylor has been dropping hints....
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 […]
CredibleFriends, a P2P lending app that lets people lend bitcoin to friends, has raised $100,006 of its $250,000 fundraising goal on BnkToTheFuture, surpassing the $100,000 needed by July 15 to ensure the funds pledged will be deposited. The app allows users to extend credit to friends and earn interest in the process. There is a Youtube video on the website, crediblefriends.com and on BnkToTheFuture. “Credible app is a tap and lend solution,” said Zach Doty, founder and CEO of CredibleFriends, in a video on the BnkToTheFuture website. “We’re a social platform that’s actually usable for....