Crypto News Platforms 

Blockchain.com Launches Crypto Lending Services for Institutions

“Crypto platform Blockchain.com on Thursday unveiled its crypto lending business which was brewing behind the curtains for months” writes Arnab Shome for financemagnates.com. According to Bloomberg, the crypto lending industry significantly surged in the last couple of years, touching $5 billion. Meanwhile, the company also jumped into the crypto trading business in July by launching an exchange in an over-crowded market.The platform launched the new service in August for a handful of its clients and it is targeted only to the institutions.The company laid off dozens of its employees amid…

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AUD News 

Australian mortgage arrears still low, little risk: RBA

“He said loans granted since Australian regulators began tightening bank lending standards in 2014 had an arrears rate almost 40 basis points lower than loans before that” writes Midwest Communications Inc for 95kqds.com. Nationally, about 15% of loans in arrears were in negative equity, but that was equivalent to just 0.1% of all housing loans, Debelle added.”The lower arrears rates for more recent loans suggests these tighter lending standards have been effective,” Debelle said.In a speech in Sydney, Guy Debelle, the deputy governor of the Reserve Bank of Australia (RBA),…

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Markets News 

China central bank injects 200 billion yuan to boost liquidity, keeps rate unchanged

“SHANGHAI (Reuters) – China’s central bank extended 200 billion yuan ($28.60 billion) through its medium-term lending facility on Friday, the second time it has done so this month, while keeping the lending rate unchanged” writes Midwest Communications Inc for 95kqds.com. The move to add long-term funds caught the market off guard as the central bank had already injected funds last week.Last week, the central bank cut the interest rate on MLF loans for the first time since February 2016, but only by a marginal 5 basis points. The central bank…

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Crypto News 

Blockchain.com Loan Desk On Track to Lend Over $120 Million In November

“United Kingdom-based cryptocurrency data and wallet provider Blockchain.com is reportedly on track to lend out more than $120 million this month” writes Joeri Cant for cointelegraph.com. Blockchain.com believes the company faces less risk compared to other lending firms due to the fact that every loan deal is customized to each individual client.In October, Blockchain.com came into the spotlight after a string of exits by company employees. Their departures, if accurately reported, would be just the latest in a steady stream of team members calling it quits on the company. Source: cointelegraph.com

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News 

Australia’s corporate regulator says responsible lending doesn’t hurt economy

“SYDNEY (Reuters) – The Australian corporate regulator on Thursday hit back at claims that its anticipated imposition of tougher responsible lending rules is already hurting the country’s sluggish economy” writes Midwest Communications Inc for 95kqds.com. “There has been a suggestion that responsible lending has had a negative effect on economic growth,” Australian Securities and Investments Commission (ASIC) commissioner Sean Hughes said. “This pick-up in recent approvals lends further support to the view that it is not responsible lending obligations that have been dampening credit availability,” Hughes added.The main issue driving…

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Crypto News Regulators 

Int’l Bank Regulator Is Studying Crypto Lending Capital Requirements

“Global banking regulator the Basel Committee on Banking Supervision (BCBS) is working to establish how much capital lenders should hold to cover the risks generated by dealing with cryptocurrencies” writes Adrian Zmudzinski for cointelegraph.com. The Basel Committee also announced that it will look into the reliance of banks on unregulated third parties for services, such as cloud computing and data.The BCBS is a committee of banking supervisory authorities that was established by the central bank governors of the Group of Ten countries in 1974. As Cointelegraph reported at the end…

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Crypto News 

Dolomite to Launch Crypto Margin Trading Services This Week

“Dolomite, a decentralized crypto exchange, has announced that it will introduce margin trading facilities for the digital asset traders” writes Arnab Shome for financemagnates.com. Most recently, KuCoin introduced margin trading services to its wide base of traders.Scheduled for a launch on Friday, the new trading feature will be built on dydx protocol instead of the existing Loopring protocol used for its non-custodial trading services.Meanwhile, other prominent exchanges are also providing margin trading facilities to the crypto traders.Dolomite is building off of the dYdX margin lending protocol, giving it access to…

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News 

Dolomite DEX to Launch Margin Trading with Stop-Loss Orders

“Non-custodial decentralized exchange (DEX) Dolomite announced that on Nov. 4 it will add a margin trading with stop-loss orders” writes Adrian Zmudzinski for cointelegraph.com. The company explained in a press release shared with Cointelegraph that — while its current exchange is based on the Loopring protocol — its margin trading feature will be built on the dYdX protocol. Source: cointelegraph.com

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News Platforms 

UK Govt has no plans for inquiry into failure of Funding Secure

“Less than a fortnight after the UK Financial Conduct Authority (FCA) confirmed that peer to peer (P2P) lending platform FundingSecure Ltd entered into administration, the UK Government has made it clear it has no plans for an inquiry into the matter” reports financefeeds.com. Given these issues, the directors decided to place the company into administration and the FCA provided their consent to CG Recovery’s appointment as Administrators.The company facilitated substantial loans from retail investors to third party borrowers and the loan book currently stands at £80 million approximately, according to…

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