Crypto firm LevelField secures Illinois approval to buy Chicago bank

Crypto firm LevelField secures Illinois approval to buy Chicago bank

LevelField could become the first crypto-friendly FDIC-insured bank to offer crypto services after receiving approval from the Illinois financial regulator to acquire Burling Bank. Digital asset-focused fintech firm LevelField Financial said it has secured conditional regulatory approval to acquire Chicago-based Burling Bank, marking one of the most notable crypto-banking acquisitions in recent months. The move…

Read More
Here’s what happened in crypto today

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Bitcoin’s (BTC) price is approaching a key resistance zone after rebounding nearly 4% from its recent low. Meanwhile, Divine Research issued 30,000 unbacked USDC…

Read More
Here’s what happened in crypto today

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Bitcoin’s (BTC) price is approaching a key resistance zone after rebounding nearly 4% from its recent low. Meanwhile, Divine Research issued 30,000 unbacked USDC…

Read More
Fees, collateral give DeFi edge as TradFi eyes crypto loans — 1inch exec

Fees, collateral give DeFi edge as TradFi eyes crypto loans — 1inch exec

1inch co-founder Sergej Kunz told Cointelegraph that DeFi’s user experience, wider collateral range and optimized fees give it an edge over TradFi in the lending race. As traditional finance (TradFi) eyes the crypto lending market, community members gave their takes on how decentralized finance (DeFi) lending protocols can compete with what mainstream financial institutions bring…

Read More
How to buy a home with a crypto-backed loan

How to buy a home with a crypto-backed loan

Discover platforms offering crypto-backed mortgages, allowing you to use digital assets like BTC and ETH to finance real estate purchases without selling your holdings. Crypto-backed mortgages are a watershed moment in real estate financing because they let you use digital assets such as Bitcoin (BTC) or Ether (ETH) as collateral for a home loan. Instead…

Read More
Bitcoin-backed loans open the real estate market to crypto-rich, tax-free

Bitcoin-backed loans open the real estate market to crypto-rich, tax-free

Bitcoin holders are using crypto-backed loans to buy real estate without selling their BTC—avoiding capital gains taxes while staying exposed to upside. Bitcoin holders leverage crypto-backed loans to buy real estate without selling a single sat while sidestepping capital gains taxes. The emerging trend is gaining momentum among early crypto adopters, entrepreneurs, and high-net-worth individuals…

Read More
Ledn ditches ETH, shifts to full custody model for Bitcoin loans

Ledn ditches ETH, shifts to full custody model for Bitcoin loans

Ledn will no longer lend out client assets to generate yield, opting instead to keep Bitcoin under full custody. Digital asset lender Ledn is transitioning to fully collateralized Bitcoin lending and discontinuing support for Ethereum, in moves designed to consolidate its BTC-focused business and further safeguard client assets against credit risks. In adopting a full…

Read More
Bitcoin-backed loans ‘obvious’ next step — Xapo Bank CEO

Bitcoin-backed loans ‘obvious’ next step — Xapo Bank CEO

With Bitcoin hovering around $95,000 to $97,000, Xapo Bank CEO Seamus Rocca sees growing investor confidence to borrow using BTC as collateral. Bitcoin holders are becoming more comfortable borrowing against their crypto as market confidence grows, according to Seamus Rocca, CEO of the Gibraltar-based private bank, Xapo Bank.  In an interview at the Token2049 event…

Read More