crypto lending – pressnews

[ad_1] Barry Silbert, the founder of Digital Currency Group, is far from crypto’s most colorful executive. Barry Silbert, the founder of Digital Currency Group, is far from crypto's most colorful executive. In an industry rife with billionaire impresarios, die-hard evangelists and outright fraudsters, the 46-year-old chief executive has the look and bearing of a middle manager at a regional bank. His inoffensive demeanor — and relatively long tenure in Bitcoin — served him well as he drew funding from companies like SoftBank and built a sprawling web of businesses that touch virtually every corner of cryptocurrency. That reach put him at the center of a storm battering crypto lenders like DCG's Genesis Global Capital — with bad loans, runs on deposits and growing mistru...

[ad_1] Cryptocurrencies are facing a new threat: the lure of Treasuries offering a similar payout for a whole lot less risk. Cryptocurrencies are facing a new threat: the lure of Treasuries offering a similar payout for a whole lot less risk. In a rare reversal, crypto yields that institutions typically seek out have fallen below what the US government pays to borrow for three months, giving the hedge funds and family offices that have flocked to the digital space one less reason to keep investing.The Federal Reserve's hawkish stance is driving up interest rates almost everywhere -- except in the speculative world of crypto, where yields have collapsed alongside volumes, wiping out some of the main avenues for generating doub...

Tag: crypto lending

Bitcoin Baron Barry Silbert Racks Up Enemies as Crypto-Lending Crisis Mounts

Crypto Lending Now Pays Less Than Safest US Government Debt