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Dharma opens cryptocurrency lending to public as cryptocurrency adoption gets a boost

Biraajmaan Tamuly

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Cryptocurrency Adoption achieves huge validation as Dharma opens cryptocurrency lending to public
Source: Pixabay

The mass adoption of cryptocurrencies is crucial to the mainstream acceptance of the digital asset sphere. With regulations and institutional limitations, validation has been difficult to achieve on a wide scale.

However, Dharma is on its way to change that. Dharma, a company which offers users the option to lend and borrow cryptocurrencies, announced that it is now open to public.

Source: Twitter

This development is a move towards improving accessibility, allowing users to acquire cryptocurrencies without the requirement of bank accounts or credit cards. Further, interest rates would be globally accessible to everyone.

The announcement is a huge boost for the crypto community as people will now face fewer complications when trying to acquire virtual assets.

At the launch, Dharma also announced that users would be able to borrow ETH and DAI at affordable rates in the market.

Nadav Hollander, Dharma CEO, explained that the company had worked hard towards improved user experience.

He stated,

“There are a handful ways to earn interest on your crypto in a non-custodial manner, pretty much all of those require a high degree of technical knowledge.”

According to Hollander, Dharma had already facilitated loans and reached over 2,500 users; data which had been derived from a third-party explorer, Dharmalytics. In principle, a capital of $1.16 million had been borrowed so far across 1,575 loans.



Brendan Forster, Co-founder, and COO of Dharma said,

“We see the broader shift to blockchain-based financial services as the beginning of a much more efficient, programmable, and equitable financial system.”

The firm is currently backed by Green Visor, Coinbase Ventures and Polychain among others.





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Biraajmaan is an engineering graduate who is exploring the ever-changing crypto verse while traversing his passion for cryptocurrency news writing. He is a Chelsea fan and a part-time poet and does not hold any value in cryptocurrencies yet.

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Bitcoin Cash

Bitcoin SV’s Craig Wright withdraws email evidence submitted to court as he could not verify date of email exchange

Priya

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Bitcoin SV's Craig Wright withdraws email evidence submitted to court as he could not verify date of exchange
Source: Unsplash

Craig Wright, the self-proclaimed Satoshi Nakamoto, has been in the limelight for the past few days. Apart from the news surrounding a lawsuit over a defamation case, Wright also made headlines due to the news pertaining to the Dave Kleiman case.

Earlier this week, a Reddit user stated in a post that Wright “purposely” submitted a fake email as evidence to the court for the Kleiman -Wright lawsuit. The lawsuit alleges that Wright had stolen $1 million Bitcoin from Dave Kleiman after his death, and Wright was being sued for billions of dollars.

The Redditor had stated,



“Craig Wright’s fraud continues. Yesterday, he submitted into evidence an email he says was from Dave Kleiman to Uyen Nguyen asking her to be a director of his ‘bitcoin company’ in late 2012. It is provably fake. Craig didn’t realize that the email’s PGP signature includes a signing timestamp along with the ID of the key used as metadata.”

Source: Reddit

Source: Reddit

Apart from this, it was also pointed out that the spelling “Kleiman” was misspelled in the letter, as the from address spelled it “Klieman”. Now, according to a new court document, Wright has withdrawn this evidence by stating that he cannot verify the date of the email exchange.

The court letter said,

“Dr. Craig Wright respectfully notifies the Court that he withdraws Exhibit A to his Motion for Judgement on the Pleadings for Lack of Subject-Matter Jurisdiction […] Wright is not withdrawing the motion and maintains that this Court lacks subject-matter jurisdiction over this action”





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