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Sunday, May 28, 2023

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Binance NFT Marketplace Enables NFT Collateral Borrowing

Binance's NFT marketplace has recently unveiled a new functionality that enables users to borrow cryptocurrencies by leveraging NFTs as collateral. This development marks the platform's entry into the NFT lending space. According to a recent announcement, the Binance NFT marketplace currently supports ether (ETH) borrowing against notable NFTs like Bored...

Tradeblock Shuts Down Amid Crypto Winter and Regulations

Digital Currency Group (DCG), the parent company of CoinDesk, has announced the closure of its trade execution and prime brokerage services unit, TradeBlock. The decision to shut down TradeBlock is attributed to the challenging market conditions during the crypto winter and regulatory uncertainties. The unit, which caters to institutional investors...

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