Cred (LBA)

11 Articles 1 Followers

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”.


Cred Earn screwed us!

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...

Crypto Lending Disaster: Cred's Bankruptcy Documents Available

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...

Crypto Lender Cred Files for Bankruptcy Following Alleged Fraudulent Activity

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...

Cred Earn -- Is our money safe?

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...

Crypto Lending Disaster: Cred Files Chapter 11 Bankruptcy

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....

How I made my first profitable crypto trade - by dumb luck

8 Nov 2020 2 minute read 11 comments Technically Product

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...

CredEarn Freezes All Funds, Balance Sheet Was Negatively Affected, Criminal Investigation 🙄

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...

Crypto Lending News: Uphold Has Just Broken Up With CredEarn 💔

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...

CRED (LBA) worth $0.10 but undervalued

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...

DeFi in 2020: An Overview of Crypto Finance Platforms

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...