Galaxy Digital Makes Its Next Move in Crypto Lending Markets

DrawBridge Lending (DBL), a digital asset loaning, borrowing and investing company, is partnering with merchant bank Galaxy Digital to greatly expand DBL’s institutional investment and lending capacity. According to a statement, the two companies “will initially develop a co-branded special purpose loan funding vehicle (‘SPV’) with a mandate to provide structured financing against institutionally held…

Bitcoin Trading in Venezuela Hits All-Time High

Statistical analysis has shown that the exchange of Venezuelan bolivars to bitcoin hit an all-time high in early August 2019. Throughout the first few months of 2019, the Venezuelan bolivar has undergone a period of severe hyperinflation, with the International Monetary Fund (IMF) predicting that the inflation rate would go up between 1 and 10,000,000…