11 Articles 1 Followers
$0.000242
Cred $LBA has filled for bankruptcy. Earlier in October decentralized lending platform previously Libra Credit has reported “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity”.
20 Mar 2021 1 minute read 2 comments Pwoseidon
For little fish in the pond — like myself — Cred Earn seemed a saving grace. Then it all came crashing down as the veil lifted. A Ponzi scheme. A ****ing PONZI SCHEME? When they announced bankruptcy, fear swirled, the uncertainty. Then shone a glimme...
13 Nov 2020 2 minute read 21 comments MoreGainStrategies
Just a few minutes ago I received another email regarding the disaster around the crypto lending platform Cred. As you may already know, Cred offered a crypto lending program to Uphold's customers. Uphold is a custodial wallet that Brave uses to pay...
9 Nov 2020 1 minute read 0 comments Abhimanyu Krishnan
Crypto lender Cred filed for chapter 11 bankruptcy in the United States on Nov. 7, a month after the company said it was investigating fraudulent activity involving corporate funds. Cred filed for bankruptcy in the state of Delaware, with assets of...
9 Nov 2020 1 minute read 1 comment Pwoseidon
As you may have heard, CredEarn—a company allowing interest be earned from crypto currency; previously in partnership with Uphold—has filed for “Chapter 11 bankruptcy to maximize its assets.” What the heck is going on? The company has been tight...
8 Nov 2020 5 minute read 16 comments MoreGainStrategies
What is Cred? Cred is a company that offered a program called CredEarn via the custodial Uphold wallet. That program was supposed to allow crypto owners to earn interest on their assets. The crypto was lent to borrowers who had to leave a collateral....
8 Nov 2020 2 minute read 11 comments Uncryptic
This is the story of my first trade: how I made a profit and dodged a bullet. Since becoming interested in crypto last year, I've done little more than hodl (hold on to it). I gained some BAT through the browser Brave, which I hodled; some ETH from t...
28 Oct 2020 2 minute read 23 comments MoreGainStrategies
In my last article I reported that Uphold stopped working together with Cred. Through the CredEarn program it was possible to gain interest on many different cryptos that users held at the Uphold custodial wallet. Cred is a separate company, but Upho...
28 Oct 2020 2 minute read 7 comments MoreGainStrategies
As probably many of you use the excellent Brave browser, you already have an Uphold account. Why? -- Basically, the Brave browser offers to pay you crypto for viewing an ad every once in a while. You receive basic attention token BAT in return for yo...
23 Aug 2020 1 minute read 0 comments Kavi
Cred token built on ethereum blockchain is recently in the news for partnership with bitcoin.com where holders of bitcoin will earn interest upto 10% which makes the CRED (LBA) more valuable as it has already many major partner working with CRED l...
3 Mar 2020 9 minute read 21 comments Abhijoy Sarkar
The overarching trend that marked the beginning of 2020 has been fear and uncertainty driven by the outbreak of the deadly coronavirus in China, devastating bushfires in Australia, US-Iran brinkmanship, widespread citizen protests in various nations...
