Crypto Lending

BlockFi Interest Rates

BlockFi To Raise Deposit Rates From August 1st

Following on from its $400 million revolving credit deal with FTX, BlockFi has announced that from August 1st it will be increasing the yield it offers for deposits on several major stablecoins and cryptocurrencies. The company says it will be increasing its rates for BTC, UNI, USDC, GUSD, PAX, BUSD, and USDT in the BlockFi …

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Cake DeFi Gaming News

Cake DeFi Taps Gamer Market With Razer Silver

Cake DeFi has entered a partnership with the gaming loyalty rewards program Razer Silver which will allow Razer Silver customers to exchange their loyalty credits for Cake DeFi vouchers via the Razer Silver Rewards catalog. As part of the deal, Cake DeFi will be listed and promoted on the Razer Silver website. By clicking on …

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Vauld and Nexo

Vauld Reveals Extent of Cash Shortfall – Updates Nexo Deal

Singapore-based crypto lenders Vauld have released an update regarding a potential buyout by crypto lending giant Nexo.  In an email to its clients, Vauld has advised that it applied for a moratorium in the Singapore courts on Friday July 8th, under section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018. If granted, the moratorium …

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Coinloan Delisting Story

Coinloan Delists DeFi Tokens UNI, COMP, SUSHI, YFI and AVX

Crypto finance platform Coinloan has announced it has begun the process of delisting a range of once-popular DeFi tokens due in part to insufficient demand.  Estonia based Coinloan says the delisting of the DeFi assets will start immediately and will be completed by June the 5th. It blames low customer demand and “other business considerations” …

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BlockFi Interest Rates

BlockFi Overhauls Interest Rates – Up and Down

From May 1st BlockFi has announced a major review of its interest rates – both up and down. In an announcement to account holders in late April, BlockFi says its deposit interest rates for BlockFi Interest Account (BIA) holders will be decreasing for stablecoins and several major cryptocurrencies including Bitcoin and Ethereum. At the same …

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Celsius Earn News

Celsius Stops ‘Earn’ Product For US Customers

The ripple effect of February’s $100 million BlockFi settlement with the SEC continues, with Celsius Network ending its Earn product for new unaccredited investors in the US In an email to its users on the 16th of April, Celsius Network has advised that effective immediately it will no longer offer an ‘Earn’ product for unaccredited …

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Rocifi Banner

RociFi Raises $2.7M In Seed Funding To Lend Money To Anonymous DeFi Users

RociFi, a decentralized zero and under-collateralized lending protocol, has announced completing a seed funding round of $2.7 million USD (closed in November 2021) from Arrington, Goldentree, Nexo, LD Capital and Skynet Trading. RociFi’s decentralized lending protocol is designed to facilitate zero and under-collateralized loans for institutional and retail DeFi borrowers. RociFi has developed a protocol …

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Mooloo Lending Rate Volatility Scale

Crypto Lending Interest Rates Volatility Scale

Crypto Lending Volatility Scale   Updated March 27th 2022. Interest rate volatility for deposits is a critical factor when choosing a platform to lend your cryptocurrency to. This Mooloo report shows the interest rate volatility of all the major crypto finance platforms and assets. The volatility scale measures the percentage increase or decrease of an …

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NEXO BLOCKFI SEC

Nexo Ceases Offering Earn Product to New U.S. Customers

In the wake of the recent $100 million BlockFi settlement with the SEC and as the wider crypto-lending sector considers how to respond, Nexo has moved quickly – announcing it will no longer offer interest-bearing accounts for new U.S. customers. The news that New York-based BlockFi had settled with the SEC for $100 million is …

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