How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business

The Takeaway: Crypto lending startup Celsius raised $50 million in a token sale in 2018. Lending volume has surged since then, with 10,415 Celsius users taking out fiat loans after locking in crypto collateral. BitGo confirmed to CoinDesk that it held $1 billion worth of crypto deposits from Celsius over the past year. CEL tokens […]

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Crypto Loans Firms Left Thousands of Users’ Financial Data Exposed Online

Cryptocurrency loans platform YouHodler left millions of records containing private financial data from thousands of users exposed online, researchers found. In a blog post, vpnMentor said its research team, led by Noam Rotem and Ran Locar, discovered a database leak as part of their web-mapping project and traced it back to YouHodler. The data, they found, exposed comes to […]

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Returns on Crypto Assets: The Hidden Message

Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. For those of us in the northern hemisphere, April is traditionally the month when the […]

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$25 Million in 2 Weeks: BlockFi Booms as Bitcoin, Ether Investors Seek Interest

The Takeaway BlockFi’s interest-yielding deposit accounts, launched in beta in January and fully live this month, have attracted more than $35 million in crypto. Most of it is being lent to institutional borrowers. BlockFi’s terms of service give the company significant leeway over how it uses depositors’ funds and what interest rate it can pay […]

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