It is always sad to see bitcoin-related services shut down over time. Although BTCJam did not have the best of reputations, they introduced a new use case for cryptocurrency. Bitcoin lending is an interesting market, albeit there are a lot of risks associated with it. BTCJam will effectively shut down very soon. Customers have until July 1st, 2018 to withdraw any remaining funds. Curtain Call for...
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BTCJam is one of those companies who have tried to mix traditional finance with the decentralized aspect of Bitcoin and digital currency. By offering personal loans to consumers all over the world, the company saw an opportunity presented by Bitcoin very few businesses were willing to explore at that time. But by the look of things, BTCJam is making some significant changes, and they will no longe...
Online bitcoin loans marketplace BitLendingClub has announced via a blog post that it has officially become the world’s biggest bitcoin lending marketplace by servicing more than $430,000 worth of loans in June. With this, the company defeated its closest competitor BTCJam which served $415,000 for the same time period. However, the success didn’t come to the company overnight, and they had...
As interest rates across the world plunge to record lows, some even in the negative territory, savers are left with insignificant or no returns on their bank deposits. Other investment classes such as stocks and real estate are already kissing stratospheric levels, which makes them more risky comparative to the returns intended. But, savers need not lose heart, for there is another way to earn gr...