You can borrow against Bitcoin without selling it, but there’s a catch
Bitcoin holders who need cash do not necessarily have to sell their BTC. They can borrow against it instead, keeping exposure to Bitcoin while using its value as collateral for a loan. The complication is that the loan they want may exist on another network. Many blockchain lending applications run on Ethereum, which keeps its […] The post You can borrow against Bitcoin without selling it, but there’s a catch appeared first on CryptoSlate.
Read Full Article on CryptoSlateSummary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi

New Clarity Act text tweaks DeFi, credit union provisions, but road ahead for bill remains murky
The Clarity Act needs 60 votes when the Senate returns from its recess next week. Republicans circulated a fresh draft on Thursday ahead of the vote.

$562M Liquidation Surge Hits Crypto Market After PPI Inflation Jump
Bitcoin slid below $77,000 to a daily low of $76,651 following a hotter-than-expected 0.4% monthly rise in the U.S. Producer Price Index. PPI Surprise Sparks Sell-Off Bitcoin’s price slid below $77,000 Thursday after the U.S. Bureau of Labor Statistics…
The US Dollar Is Stuck. Americans Could Feel the Pain Soon
The Dollar Index holds 99 as a hawkish Fed collides with ECB hikes and yen intervention. Two levels decide the trend. The post The US Dollar Is Stuck. Americans Could Feel the Pain Soon appeared first on BeInCrypto.