Hard Forks a Threat to Cryptocurrency Stability??

After investigating 800 soft forks and hard forks from Bitcoin, Benjamin Trump, a fellow of Oak Ridge Institute for Science and Education stats that Participants in cryptocurrency networks like Bitcoin need to be better at preempting beneficial software changes. It will ensure the security and privacy of addresses and transactions and help retain the value of cryptocurrencies.

The analysis showed significant growth in some distinct blockchains curtailing from first Bitcoin software. Many of the Bitcoin forks and other altcoins could not survive beyond a few months, while others like Dogecoin, Litecoin or Vertcoin have persisted for years. Recent forks executed in year 2017-end and early 2018 have opened the gates to future forks. As per experts, hard forks in coming days would be more common with a prediction of up to 50 in 2018 alone.

Read more at ScienceDaily.


Nuo is a decentralised and transparent crypto banking platform. It acts as a blockchain powered financial control centre to store, spend, borrow and grow your crypto-currencies. Install the android app or try out our crypto backed loans platform.

Crypto Loans Platform in Europe

In our last posts, we spoke about How Crypto Backed loans are different from peer-to-peer loans, what are the different types of crypto loans, advantages of crypto-backed loans, Risks associated with crypto lending, crypto lending platforms in US and Crypto Lending Platform in UK. Continuing our discussion further on Everything you need to know about Crypto-backed loans, today we would talk about different crypto lending platforms in Europe.

The two firms from Europe – Ethlend and Nexo are making much noise in crypto communities. While each one differs in the way their business model work, they have been working hard to capture the customer base and innovate crypto-backed loan space. Let’s take a closer look –

Crypto Lending Platforms in Europe

Ethlend

Ethlend facilitates decentralized lending on the Ethereum network. Ethlend lending works by lending Ether units and not by lending fiat currency. Also, Ethlend loans are backed by collateral as ERC-20 tokens and not Ether or bitcoin. They accept all kinds ok token like Vibe Coins or OmiseGO or Golem to name a few.

For a borrower on the Ethlend platform, he needs to deposit his ERC-20 token and lenders need to deposit their ether. Then Ethlend contracts make the switch and loan have started. The borrower now needs to pay the interest amount in Ether, failed to do so provide the lender a right to claim the deposited collateral.

Nexo

Nexo using blockchain technology provides loans directly to the borrowers. NEXO itself provides the funding, so you may not might additional lenders on their platform.

Nexo offers loans outside Europe in USD and EUR with no credit scores check. The borrower could also repay the loan amount using USD, EUR, Bitcoin, Ethereum or Nexo Tokens[the first SEC-approved security token]. One of the advantage borrowers receives while using Nexo token is a discounted interest rate. Nexo token holders also get a dividend as a percentage of the firm’s profits. While dividends, discounts may be overwhelming for the borrowers being SEC approved they are risk averse

Crypto Lending App Lndr by Blockmason, Adds PayPal Integration

Blockmason a firm from the US that launched an application Lndr an expense sharing app is integrated with Paypal. The A distributed mobile app built on Blockmason’s Credit Protocol, a foundation for recording debt and credit obligations on the blockchain is keen on expanding its reach would allow its users to settle their loans on the platform using Paypal. Users can use a total of 20 fiat currencies and ETH on the platform. The CMO of the firm says that they are exploring the options of cross-currency transactions, so one person could send ETH and receive USD.

However it’s essential to know Paypal is not having a partnership with the firm Lndr, they are using open API for integration.

Read more at bitcoinexchangeguide

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Nuo is a decentralised and transparent crypto banking platform. It acts as a blockchain powered financial control centre to store, spend, borrow and grow your crypto-currencies. Install the android app or try out our crypto backed loans platform.

Crypto Lending Platforms in UK

In our last posts, we spoke about How Crypto Backed loans are different from peer-to-peer loans, what are the different types of crypto loans, advantages of crypto-backed loans, Risks associated with crypto lending, and crypto lending platforms in US. Continuing our discussion further on Everything you need to know about Crypto-backed loans, today we would talk about different crypto lending platforms in UK.

A quick look on Google Trends for the term crypto loans indicates the growing interest of individuals, enterprises, and customers. The trend also suggests an opportunity for enterprises to tap onto and come up with innovative solutions, just as the startups from the UK are pioneering the art of crypto lending.

Google Trends - Crypto Loans
Google Trends – Crypto Loans

Crypto Loans Platform in UK

Kambo

Kambo values your crypto and offers blockchain based loans for long-term hold with an easy supply of cash. The company established in 2010 intended to provide individuals with cash without selling their cryptos. They have their offices in 18 countries and allow customers to avail loan against Bitcoin and Ether.

Their working model is simple where the user needs to sign up and specify the loan amount and submit the application. The borrower needs to transfer their cryptos on to the Kambo secured wallets, and within an hour 50% of the blockchain assets market value would be deposited into your bank account.

 

 Nebeus

Nebeus, a startup from London offers Loans by using Bitcoin as collaterals; they also have a Loan Calculator that could help you in analyzing the ROI of the investment made. The loan is usually dispersed within 24 hrs after submitting the loan request and could be availed by customers outside of the EU. It also provides users with the opportunity to have fiat loans against BTC and ETH for 20% interest rate. Nebeus also have other offerings like  Nebeus Prepaid card that allows the customer to use the card to get instant access to your crypto. You can also withdraw cash through ATM or pay in any shop. They also have a Digital Exchange that facilitates buying and selling of cryptocurrencies

Celsius

Celsius another start-up from UK  allows its customers to deposit BTC, ETH, LTC into a mobile wallet and earn a regular interest. In case the person is in need of cash, he could also opt for a crypto loan in Dollars where your cryptos are used as collateral.

With a tagline Crypto for the people, the interest earned via loans is redistributed to its HODlers in CEL token within the Celsius network

SEC halts trading in two cryptocurrency products

On Sunday US Securities and Exchange Commision suspended trading in two investment products that track cryptocurrencies. The Markets were in confused state with rumors that the products are Exchange Traded Funds[ETFs]

The SEC said in a statement that trading in Bitcoin Tracker One CXBTF.PQ CXBTF.PK and Ether Tracker One CETHF.PQ CETHF.PK would be halted in the United States until at least Sept. 20. As per the notice issued by SEC, it says – It appears … that there is a lack of current, consistent and accurate information. Application materials submitted to enable the offer and sale of these financial products in the United States, as well as certain trading websites, characterize them as ‘Exchange Traded Funds.

Read more at Yahoo Finance


Nuo is a decentralised and transparent crypto banking platform. It acts as a blockchain powered financial control centre to store, spend, borrow and grow your crypto-currencies. Install the android app or try out our crypto backed loans platform.

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