High-risk DeFi loans surge after US election as crypto market rallies

Bear markets are much more brutal for crypto lenders than cryptocurrency firms that don’t leverage users’ deposits, according to one Bitcoin analyst. 257 Total views 3 Total shares The ongoing bear market on cryptocurrency markets is too harmful to industry lenders but the concept of crypto lending can still survive the bloodbath, according to some…

DeFi tokens and altcoins move high as Bitcoin price finds resistance near $35,000. 2104 Total views 12 Total shares On Jan. 12 Bitcoin (BTC) price rebounded slightly as the price attempted to re-enter the $37,000 range but at the time of writing increased selling is pushing the price back toward the $32,000 mark.While the bearish…

Polkadot is gearing up for its upcoming network launch as it revealed an integration with Chainlink (LINK) on Feb. 25. The integration of Chainlink oracles may be crucial for the development of Polkadot decentralized finance (DeFi) and other advanced smart contracts.Chainlink has completed an initial integration on Kusama, a canary network for Polkadot similar to…

The decision in an Australian court was driven by increasing concerns about illicit activities in the crypto market and the desire to safeguard investors. 67 Total views 1 Total shares An Australian court has reportedly ordered Meta Platforms, the owner of Facebook, to pay fines amounting to 20 million Australian dollars ($14 million) for collecting…

One of South Korea’s biggest banks is planning to intensify regulations on accounts linked to crypto exchanges, BEI News reported on July 1.The “special measures” Shinhan Bank are proposing would reportedly involve dedicating staff to analyzing account transactions.It is believed the bank is hoping to distance itself from claims that it is helping financial criminals,…

“The Metaverse” and “Web3” are the buzzwords of the moment, with their concepts permeating across the worlds of fintech, blockchain, and now even mainstream media. With decentralization thought to be at the core of the Web3 Metaverse, the promise of a better user experience, security and control for consumers is what’s driving its growth. But…

Eligible residents of Florida can now register to use the Binance.US digital asset marketplace. Binance.US, the United States branch of major crypto exchange Binance, just announced it would be making its services available to Florida residents.According to an Aug. 24 update on the Binance.US website, the digital asset marketplace will now be allowing Floridians to…

The collaboration aims to give institutions access to digital assets with a new innovative product designed specifically for their needs. 982 Total views 17 Total shares Fidelity Digital Assets — the crypto wing of Fidelity Investments — and crypto borrowing and exchange platform Nexo have announced a partnership to offer crypto custodial services, products and…

Tor digital privacy software is now accepting donations in various cryptocurrencies, as a new crypto donational portal appeared on the project’s website on March 18.The site now accepts nine major cryptocurrencies, namely Bitcoin (BTC), Bitcoin Cash (BCH), Dash (DASH), Ethereum (ETH), Litecoin (LTC), Monero (XMR), Stellar Lumen (XLM), Augur (REP) and Zcash (ZEC).Tor’s crypto donation…