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The State of the Crypto Credit Ecosystem

The State of the Crypto Credit Ecosystem

Quick Take

  • While the market for crypto lending may still be small relative to other credit markets, the rapid growth in value of the entire crypto asset class,  creation of a new financial system (DeFi), and the ability to provide working capital for companies in the broader ecosystem all speak to the opportunity for crypto credit to maintain its growth in the coming years
  • In the first quarter of 2021, crypto loan originations from Genesis surpassed its entire cumulative originations to date — a testament to the pace of growth in the market for crypto collateralized credit.
  • Contrary to popular belief, crypto has a shortage of leverage in the system; demand and supply dynamics for crypto can vary widely depending on market environment and regime.
  • Industry participants highlight cross-margin, 3rd party tech provider solutions, DeFi, and better connectivity solutions as ways to improve capital efficiency within crypto credit.

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Dogecoin’s merge mining profitability has flipped Litecoin by over 200%

With the recent price rally, Dogecoin’s block rewards may no longer be considered as byproducts of merge mining on Litecoin

The post Dogecoin’s merge mining profitability has flipped Litecoin by over 200% appeared first on The Block.

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Revolut has enabled crypto withdrawals, phase one of its plan to go ‘full crypto’

Quick Take

  • Revolut had to get partners comfortable before rolling out new crypto capabilities.
  • In addition to working with Fireblocks, the digital bank has partnered with crypto analytics startup Elliptic.
  • It is now looking ahead to adding more tokens and allowing crypto customers to earn income on their funds.

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In 2020, almost all government requests to Coinbase for customer info came from criminal authorities

Coinbase’s new transparency report also shows the US, UK and Germany to be the most hawkish countries when it comes to crypto activities.

The post In 2020, almost all government requests to Coinbase for customer info came from criminal authorities appeared first on The Block.

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Class actions against Binance, Tron and others stumble after Bibox court victory

Half of the class actions from crypto’s “Red Wedding” last April have been dismissed, but what happens to the rest?

The post Class actions against Binance, Tron and others stumble after Bibox court victory appeared first on The Block.

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Latin American e-commerce giant MercadoLibre discloses treasury bitcoin buy

MercadoLibre, the Latin American e-commerce and fintech company, said in a Wednesday regulatory filing that it now holds bitcoin on its balance sheet.

The post Latin American e-commerce giant MercadoLibre discloses treasury bitcoin buy appeared first on The Block.

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Tether’s on-chain volume has surpassed the $1 trillion mark for the first time

The Tether (USDT) stablecoin’s adjusted on-chain volume has surpassed the $1 trillion mark on a yearly basis for the first time.

The post Tether’s on-chain volume has surpassed the $1 trillion mark for the first time appeared first on The Block.

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DeFi Valuations | Full Video

Each month The Block Research team hosts member exclusive events covering the most important topics in the digital asset space. 

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Decentralized exchange protocol Uniswap v3 goes live on Ethereum

The long-awaited third iteration of the decentralized exchange protocol Uniswap went live on Wednesday.

The post Decentralized exchange protocol Uniswap v3 goes live on Ethereum appeared first on The Block.

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Georgia’s central bank is exploring the issuance of a CBDC

Georgia becomes the first nation in the Caucasus to announce work on a central bank digital currency.

The post Georgia’s central bank is exploring the issuance of a CBDC appeared first on The Block.

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