Lock BTC, Get DAI: Lending Firm Bridges Bitcoin-DeFi Divide in Latin America

Canadian startup Ledn, which offers bitcoin-backed fiat loans, now also offers dollar-pegged DAI loans, connecting bitcoin users with ethereum’s decentralized finance (DeFi) ecosystem. Ledn co-founder Mauricio Di Bartolomeo, a Venezuelan expat, told CoinDesk this new partnership with stablecoin promoter MakerDAO was driven by customer demand. Out of “thousands” of users, more than half of Ledn’s […]

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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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Cryptofinancier Nexo Partners With Korea’s Terra to Create Loan Platform

Nexo, the Zug, Switzerland-based cryptofinancer, has signed a deal with Singapore’s Terra, agreeing to take deposits in the soon-to-be-introduced, East Asia-focused token. “We love their approach to stable coins,” said Antoni Trenchev, managing partner of Nexo. Under the terms of the agreement announced July 1, Nexo will accept Terra’s token for deposit, allowing owners of […]

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