Tag: Loans

Redefining Our Credit Networks, One Loan at a Time

In an era of data breaches and regulation, it’s time our credit network got its act together. The Equifax data breach opened the eyes of millions of consumers around the world to the harsh reality that is our economic backbone. Why should companies like Equifax, Experian, and TransUnion be charged with maintaining our information and governing the terms of our loans and credit applications? It’s clear they cannot be trusted in this day and age …
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BitConnect Is Preying on New Investors

Since BitConnect (BCC) rose to the top echelons of CoinMarketCap’s chart several months ago, it has received much skepticism from the mainstream cryptocurrency community. Despite this, it has maintained a huge market cap, seldom dipping below the top 20 coins, and seems to be continually growing. It’s clear that BitConnect, which promises daily returns of around 1% for users who “loan” money by locking it up in BitConnect’s systems for a predetermined period of time, is …
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5 Things to Keep in Mind Before Lending Bitcoin

Bitcoin lending has been compared to general investing, yet different principles apply to both areas. If you’re considering the idea of lending your coins for profit, then there are several things to keep in mind before joining this market. 1. Diversify your lending portfolio At this time, many Bitcoin lenders choose to only handle one or two big loans at a time, as it makes everything a bit easier and …
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Regulatory Pressure Forced BitLendingClub Out of Business

The somewhat popular P2P bitcoin loan service BitLendingClub has been forced to close up shop due to alleged “regularity pressures”. The platform will remain in a state of limited functionality while existent loans are repaid or written off.  BitLendingClub, a Bitcoin/Blockchain startup launched in 2014 as a peer-to-peer lending marketplace, has been forced to shut down due to regulatory pressures. The company sent an email to its customers on Wednesday …
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