Australia’s High Court has slammed the brakes on Block Earner’s crypto yield play, ruling that the company’s former fixed-return product needed a financial services licence under existing law. High Court ruling: 7-0 for ASIC Earner product: a financial product and a derivative Legal message: crypto doesn’t outrun the rulebook Block Earner now: focused on crypto-backed […]
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Bitcoin-Backed Loans Offer 5.5% Fixed Rates, But Liquidation Risk Still Bites Bitcoin-backed lending is pulling in attention again, and for good reason: a new loan setup offering a 5.5% fixed rate and a 60% loan-to-value ratio (LTV) gives BTC holders a way to unlock cash without selling their coins. Sounds clean. The catch is the […]
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Xapo Bank Launches $1 Million Bitcoin-Backed Credit Lines: A New Era for Crypto Liquidity Xapo Bank, a Gibraltar-based crypto wealth manager, has launched Bitcoin-backed USD loans up to $1 million, aiming to provide liquidity to its customers without forcing them to sell their Bitcoin. Bitcoin-backed USD loans up to $1 million Encourages long-term holding, reduces […]
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Coinbase Reintroduces Bitcoin-Backed Loans in the U.S., Tapping Into Growing Market Coinbase has relaunched its Bitcoin-backed loan service in the U.S., allowing users to borrow up to $100,000 in USDC using their Bitcoin as collateral. This move signifies a comeback from regulatory challenges in 2023 and positions Coinbase as a leader in the expanding Bitcoin […]
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