Coinbase Accuses the SEC of ‘Using Intimidation Tactics’

Earlier today, Pro-XRP Attorney James Filan tweeted that the SEC "will stop at nothing" to have authority over the crypto space. In the tweet, he revealed that Coinbase believes the SEC is unlawfully stalling the launch of the exchange’s crypto lending program. More crypto enthusiasts have made their stance against the SEC’s ‘intimidation tactics.’   Coinbase's chief legal officer, Paul Grewal, wrote in a blog post that the regulatory agency threatened to sue the company if it launched the feature. Subsequently,…

Brian Armstrong Bashes The SEC for Not Explaining How Crypto Lending Falls Under Securities

Earlier today, Coinbase CEO Brian Armstrong expressed his disappointment on how the SEC handled the trading platform's request to launch a crypto lending feature. The CEO is surprised how the financial watchdog claims the element is a security feature without any explanation.  Furthermore, Mr. Armstrong feels the SEC is blocking Coinbase from lending while other platforms have practiced it for years. Is the SEC Biased or Confused? CEO Armstrong tweeted out his opinions, suggesting that the SEC is somewhat confused. He explained…

A Guide to Celsius Network – Crypto Lending on Your Terms

If you are completely and utterly new to cryptocurrencies, you don't have to engage in risky financial operations. On the contrary, you can put all your newly-bought assets in a wallet, sit back and watch it pay you back. This simple but effective way of increasing your crypto portfolio passively is possible with Celsius Network. This platform allows you to earn interest by lending a fraction of your holdings to them. It's a bit like traditional banking. Only here, you…

Comparison of Crypto Lending and Bank Loans; Which One’s Better?

Banks have for years been in the financial industry and are considered the backbone of the financial world. Banking networks have been providing a vast array of services, including lending, saving, and borrowing. However, this guide will focus more on the lending part of banking systems. Lending involves allowing others to get money but sign an agreement of future payment of the lent sum. The interactions between the parties involved in a lending contract and the interest rates involved will…

Japanese Financial Giant SBI Launches Bitcoin Lending Service

With Bitcoin just 5% from its 2017 ATH price, Japanese financial service giant SBI Holding has launched a Bitcoin lending service. Starting with just Bitcoin (BTC), SBI said it plans to include other major crypto assets like Ethereum (ETH) and Ripple (XRP), the official announcement revealed.  The company disclosed that the lending service would also feature more trading opportunities, as SBI explores the crypto space.  The new lending service dubbed VCTRADE LENDING will be available on SBI VC Trade, the company's…

BlockFi Lending Platform – Crypto Loans, High-Rate Deposits and Trades

The emerging niche of Decentralized Finance (DeFi) brings us one step closer to mass crypto adoption. Before it becomes universally accepted, the cryptocurrency industry offers similar benefits to those that traditional banking institutions have to offer. Lending platforms like BlockFi are the pioneering providers of wealth management solutions that have existed for centuries in the classic financial system. However, they take them one evolutionary stage further by making them available through blockchain technology. This BlockFi review should help you take…

Cake DeFi – A Fully Transparent Lending Platform with the Potential to Revolutionize

The blockchain-based lending platform Cake DeFi continues to gain traction in the crypto sector. This next-generation protocol combines the best elements of DeFi with the familiarity of centralized systems. As such, Cake DeFi allows anyone to stake their crypto and start earning passive income easily. Today, the platform is best known for its user-friendly interface and its commitment to transparency. Since its inception, Cake DeFi captured the attention of the market. This platform encapsulates the DeFi movement in every way. Its…

Coinbase and Ripple-Backed Dharma Introduces Twitter-Based Payments System

On April 21, Dharma, an Ethereum-based peer-to-peer lending platform announced what it called Social Payments (a Twitter-native financial system) on Twitter. According to the peer-to-peer platform, it is launching the new system that allows Twitter users to accept payments in US dollars. “Introducing social payments – a Twitter-native financial ecosystem. Today, you can send USD to any Twitter handle, regardless of where that person lives — even if they don’t have a Dharma account. Now every Twitter handle accepts (and earns…

Borrow and Lend Digital Assets on the Aave Platform – An Open-Source DeFi Protocol

The crypto space has grown tremendously over the years, but not much progress has been made regarding lending and borrowing digital assets. However, many companies are taking a step in this direction, and Aave is a perfect example.  Aave is an open-source DeFi protocol that allows users to borrow and lend digital assets. The platform comes with the traditional loan features and includes several unique features that make it stand out.  In this article, we will review the platform and…

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