Binance Introduces NFT Lending on Cryptocurrency Exchange Marketplace

Largest cryptocurrency exchange added a lending function on its marketplace secured by non-exchangeable tokens. At the moment, only ether is bailed out by NFT. Right now users of the cryptocurrency exchange can use digital assets from such collections as Bored Ape Yacht C ...

Binance Launches NFT Lending with Support for Ethereum, Plans Expansion

Only Ethereum is accepted against NFT at this time The lending rate is 7.91% p.a. The Binance cryptocurrency exchange is launching an NFT lending feature on its trading floor. Users will now be able to obtain cryptocurrencies using NFT as collateral. Currently ...

Zimbabwe Banks to Offer Credit Products with State Digital Currency Backed by Gold

Banks in the South African country will be able to offer credit products using as collateral the newly issued state digital currency, secured by gold, announced the Zimbabwe Bankers Association. The digital money, the local central bank suggests, will eventually be used i ...

Circle Rebalances USDC Collateral with $8.7 Billion Repo Deal, Involving Major Banks

This highly liquid position serves to protect reserves The deal involves major banks, including Goldman Sachs Circle has rebalanced the USDC token collateral again. The Black Rock Fund, which manages the asset reserves, has entered into several repurchase transac ...

Tether Diversifies Reserves, Invests $1.5 Billion in Bitcoin: Tether’s Approach to Asset Management

The management of the operator of the largest stabelcoin Tether decided to invest in bitcoin up to 15% of net profit every month to diversify reserves. As of now, the company has already invested $1.5 billion in BTC. While many com ...

Bitget Adds Liquid-Staking Derivatives as Margin Option for Futures

These are liquid-stacking derivatives The proof-of-stock assets act as margin Cryptocurrency exchange Bitget announced that it has added LSD as a margin option to its futures program. These are liquid staking derivatives that allow you to access blocked assets ...

Moon Mortgage Launches Mortgage Lending Service Secured by Cryptoassets

Moon Mortgage Launches Mortgage Lending Service Backed by Cryptoassets. Moon Mortgage, a cryptocurrency lending platform, has unveiled its latest service - mortgage lending backed by cryptoassets. This new offering is available to all holders of liquid cryptoassets who want to use borrowed fun ...