Category: lending

Genesis quarterly report shows ‘relentless’ demand for dollars in crypto credit market

Since Genesis Global Trading launched a lending business in 2018, it has originated more than $40 billion loans — and that growth doesn’t appear to be slowing down.  The firm, which releases a breakdown of its business across trading, lending, and derivatives every quarter, saw active loans outstanding on its platform increase 136% relative to […]

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SEC commissioner Hester Peirce unveils updated version of ‘safe harbor’ proposal for crypto tokens

Hester Peirce, the crypto-friendly commissioner at the Securities and Exchange Commission (SEC), has formally unveiled an updated version of her proposed regulatory safe harbor for token sales. In a public statement, Peirce said that the proposal “seeks to provide network developers with a three-year grace period within which, under certain conditions, they can facilitate participation […]

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When mortgage? Big UK banks split on giving home loans to the crypto-rich

Quick Take Some of the United Kingdom’s biggest mortgage lenders do not allow proceeds from crypto investments to be used for deposits NatWest, Nationwide and Barclays are among those that will approve mortgages for crypto holders This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on […]

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Crypto market maker B2C2 launches options and lending products

London-based crypto market maker B2C2 is making a push into options trading and lending following its acquisition by SBI Financial Services, the Japanese finance group. The options desk is not expected to begin trading until mid-2021. B2C2 currently offers cash trading against a range of cryptocurrencies, as well as contracts for difference, but said in […]

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BlockFi confirms $350 million Series D funding round at $3 billion valuation

After much anticipation, crypto lending startup BlockFi has confirmed the closing of a blockbuster Series D round that values the company at $3 billion.  In a media release, the firm said it has raised $350 million from a wide range of investors including Tiger Global and Bain Capital Ventures, confirming previous reporting by The Block.  The […]

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