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Ledn Is Helping To Restore Confidence In Crypto-backed Lending

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–News Direct–

By Austin DeNoce, Benzinga

In the wake of several lender failures within the crypto industry such as Genesis, Celsius and BlockFi following the collapse of FTX, the need for secure and transparent crypto lending has become a top priority.

The repercussions of these bankruptcies have instilled a cautious approach among holders and users of crypto, and for good reason. The ripple effects were seen across the entire industry, even affecting well-known entities like Binance and Kraken. This fallout from just a few years ago highlights the interconnected risks that still exist within the industry, as well as the necessity for robust risk management and transparency when considering a crypto financial services platform.

Ledn Stands Out For Security And Transparency

Ledn says it distinguishes itself from other platforms through its foundational commitment to transparency and security. Emulating the core principles of Bitcoin, Ledn was one of the first in the crypto lending industry to implement a Proof-of-Reserves attestation, performed biannually by a Certified Public Accountant. This process is enhanced by a pioneering third-party proof-of-reserves standard, setting a benchmark for accountability in digital asset management.

Ledn also provides clients with monthly open book reports detailing asset utilization and interest generation mechanisms so users know exactly where their yield is coming from. This level of clarity helps ensure that clients are not only informed, but are actively engaged in understanding the financial handling of their assets. Blind trust isnt a viable strategy in crypto, so Ledn gives its users the tools and information they need to verify the security of their investments themselves.

BTC or ETH Backed Loans

Ledns BTC/ETH backed loans provide a secure and efficient method for crypto holders to access liquidity without liquidating their digital assets. Ledn offers loans denominated in US$ against Bitcoin or Ethereum as collateral and funded in local fiat currency. These loans are particularly advantageous as using BTC or ETH as collateral is generally not a taxable event. This means crypto holders can borrow against their crypto assets without selling them.

Key features of these loans include:

  • Control over use of collateral: Ledn offers both Standard and Custodied loan options. They say they are the only lender to give their clients control over the use of their loan collateral.

  • Annual interest rate: Starting at 12.4% with an APR of 14.4%, making it a competitive option in the crypto lending space.

  • Loan-to-Value Ratio (LTV): Set at 50%, this ratio ensures a balance between the loan amount and the collateral value, providing safety for both the borrower and the lender.

  • Accessibility: With a minimum requirement of $1,000 US$ equivalent in BTC or ETH collateral, these loans are readily accessible without the need for credit checks.

  • Flexibility and speed: Loans are typically funded within 24 hours of approval and borrowers have the flexibility to repay at any time without incurring penalties. This setup is ideal for those needing quick access to funds without the hassle of traditional loan agreements.

B2X Loans

The B2X loan product by Ledn is tailored for international Bitcoin holders looking to amplify their Bitcoin holdings without additional capital. This innovative product couples a Bitcoin-backed loan with an immediate purchase of an equivalent amount of Bitcoin, effectively doubling the borrower's Bitcoin position while maintaining the original collateral under loan. Below are some of the loans key features:

  • Instant execution: B2X loans are executed immediately, which allows borrowers to capitalize on market conditions using the Bitcoin balance in their Ledn Transaction account.

  • Competitive rates: The interest rates for B2X loans start at 12.4%, with an APR beginning at 14.4%, consistent with the rates of standard BTC/ETH backed loans.

  • Loan terms: These loans offer a 50% LTV ratio and terms up to 12 months, with the flexibility for early repayment without penalties, catering to both short-term and medium-term financial strategies.

  • Simplicity and accessibility: Like other Ledn products, B2X loans require a minimum of $1,000 USD equivalent in BTC collateral for automatic approval, bypassing traditional credit checks and making it straightforward for clients to increase their Bitcoin holdings efficiently.

A Reliable Partner In Crypto

Ledn's commitment to security, coupled with its innovative loan products, position it as a formidable entity in the crypto financial services sector. By prioritizing transparency and client security, Ledn adheres to high standards of asset management in order to build trust with its users. Whether through BTC/ETH backed loans or the unique B2X offering, Ledn provides compelling solutions for those looking to maximize the potential of their digital assets.

Read Ledns risk disclosure statement.

Featured photo by Brian Wangenheim on Unsplash.

Ledn builds innovative financial products with a mission to make generational wealth more accessible through digital assets. The company issued Canadas first bitcoin-backed loan in 2018 and has issued nearly $5B loans since. Ledn is proud to help clients in over 130 countries access credit and savings products to grow their digital wealth. For more information, visit ledn.io.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing or tax advice.

Contact Details

Adam Reeds

adam@ledn.io

Company Website

https://ledn.io/

View source version on newsdirect.com: https://newsdirect.com/news/ledn-is-helping-to-restore-confidence-in-crypto-backed-lending-846776533

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Discover Unique and Affordable Gifts at China Creative Center – A Premier Destination for High-Quality Chinese Products

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The China Creative Center, a leading online destination for high-quality, creatively designed products, offers an array of unique and affordable gift options. Whether you’re searching for thoughtful Mother’s Day gifts, distinctive Father’s Day presents, or special gifts for children’s birthdays, the China Creative Center has something for everyone. By shopping here, you can give your loved ones a meaningful present that also celebrates Chinese culture.

A Gift for Every Occasion

At the China Creative Center, customers are treated to an impressive selection of gifts that are not only creative but also deeply tied to the rich heritage and craftsmanship of China. Our platform is perfect for those seeking a distinctive touch to their presents, blending creativity and tradition with affordability.

Mother’s Day Gifts

Celebrate your mom with a beautifully crafted Chinese tea set, silk scarves, or jade jewelry – all reflecting elegance and thoughtfulness. These exquisite items are perfect for showing appreciation for her love and care while introducing her to the timeless beauty of Chinese culture.

Father’s Day Gifts

Honor dad with practical yet stylish gifts like handcrafted bamboo watches, calligraphy sets, or traditional Chinese health tools such as a gua sha stone or acupressure massage devices. These gifts represent wellness, wisdom, and respect – ideal for showing him how much you care.

Children’s Birthday Gifts

For children’s birthdays, China Creative Center offers an exciting array of gifts that are both fun and educational. Choose from traditional Chinese toys, art kits, and unique cultural games that introduce kids to the wonders of Chinese tradition in a playful, engaging way. Wooden puzzles featuring Chinese architecture, lantern-making kits, or calligraphy sets are perfect for sparking a young imagination.

Celebrate with Chinese Culture

The China Creative Center is committed to bringing Chinese culture to the forefront of everyday life through practical and beautifully designed products. Each item is a testament to China’s rich artistic heritage, with the craftsmanship and attention to detail making these gifts memorable and cherished.

Whether you’re shopping for yourself or someone special, China Creative Center makes it easy to select affordable yet meaningful gifts that can be treasured for years to come. This is more than just a shopping experience; it’s an opportunity to embrace creativity and connect with Chinese culture in a personal way.

About China Creative Center

China Creative Center is a leading online mall offering high-quality creative products that reflect the beauty and craftsmanship of Chinese culture. We provide a diverse selection of gift options for all occasions, with the goal of making unique and culturally significant items accessible to everyone. Our dedication to affordability ensures that anyone can experience the beauty of Chinese artistry without breaking the bank.

For more information, visit https://chinacreativehub.com/.

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Press Release

Hyalure Unveils Groundbreaking Anti-Aging Dermal Filler: Erelle CMC Revolutionizes Cosmetic Injectables with Unmatched Longevity and Safety

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A World-First From Hyalure

Erelle CMC from Hyalure. The name you need on your radar. This next-generation dermal filler represents significant advancement in aesthetic medicine, combining the volumising quality of dermal fillers with anti-ageing properties… for long-lasting, natural-looking, multi-faceted results never attainable before.

And it only gets more exciting…

Not only is Erelle CMC the first dermal filler with anti-ageing properties… but it’s also safer for the patient, is able to create more volume than traditional HA dermal filler, can be placed closer to the bone to create projection like never before AND it promises to never migrate… but can be safely dissolved, should you wish to go down that route in the future. Sign us UP!

It’s the perfect multi-tasker – particularly well suited for more mature skin types who would benefit from the additional lift and volume the product can achieve, with its next-generation anti-ageing properties. 

Hyalure: Innovating, Elevating & Refining The Landscape Of Cosmetic Injectables

Erelle CMC (Carboxymethylcellulose) is a state-of-the-art dermal filler designed to restore volume, smooth fine lines and enhance facial contours. Unlike traditional hyaluronic acid fillers, Erelle CMC utilises a unique, world-first carboxymethylcellulose-based formula that provides superior durability and enhanced biocompatibility, ensuring safe and natural results that last up to 18 months. 

The first and only pure CMC cross-linked in the world

Key benefits of Erelle CMC include:

Long-lasting results: Erelle CMC has staying power – it can last significantly longer than traditional fillers, reducing the need for frequent touch-ups Natural-looking: With its smooth, malleable texture, Erelle CMC integrates seamlessly with the skin for subtle, natural facial rejuvenation Safe and biocompatible: Made with non-animal and non-bacterial derived ingredients, Erelle CMC is hypoallergenic and biocompatible, making it suitable for a wide range of patients. Cross-linked sodium carboxymethylcellulose plant without added synthetic substances.

Cost effective:

Long-lasting results that won’t migrate, making Erelle CMC a practical and cost-effective solution in the long term. Erelle Volume does not migrate from the implant site and is slowly reabsorbed over time Integrated Lidocaine: In addition, Erelle CMC’s formula has the added benefit of lidocaine, making your injectable treatment virtually pain-free Protein-free: Erelle CMC sets itself apart from other hyaluronic acid dermal filler by being proudly free of bacterial endotoxin residues and proteins. This minimises the risk of local tissue reactions and post-injection immunogenic effects Innovating in Aesthetic Medicine.

With the launch of Erelle CMC, Hyalure continues to push the boundaries of innovation in dermal fillers, offering products that not only address common signs of ageing but which do so in a way that enhances the body’s natural beauty. Erelle CMC is ideal for clients looking for a premium, multi-faceted solution to volume loss, fine lines and sagging skin – particularly in areas like the cheeks, jawline and nasolabial folds.

“Hyalure’s goal has always been to provide the most advanced and effective solutions for anti-ageing and volume loss,” reveals Matteo Belamhawal, founder of Hyalure, “And Erelle CMC is the result of years of research and development. This filler is a world-first – a real game-changer for both clients and practitioners, offering exceptional longevity, natural results and the highest safety standards.”

Learn more about Hyalure: https://hyalure.com/en/

Cosmetic PR Lucy Hilson

https://cosmeticpr.com/ 

info@cosmeticpr.com

London

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Press Release

SOILEUM’s $100M Presale Begins as Polygon and Cardano Surge Amid Tightening Crypto Regulations

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As the cryptocurrency market continues to evolve, Soileum Network is gearing up for its highly anticipated $100 million presale. This significant event coincides with Polygon’s remarkable growth, a surge in Cardano’s smart contract development, and tightening crypto regulations across the globe. These dynamic trends highlight both the opportunities and challenges facing the blockchain industry today.

Soileum’s $100M Presale: Unlocking New Investment Potential

Soileum Network is set to launch its $100 million presale, offering a unique investment opportunity for those interested in the future of decentralized identity management. The presale will allow early participants to acquire SOIL coins at a potentially advantageous rate, paving the way for involvement in a project that emphasizes user privacy and control over personal data.

By leveraging its Secure Open Identity Layer (SOIL) technology, Soileum aims to create a more secure and efficient ecosystem for managing digital identities. This presale is an essential step in establishing Soileum as a leader in the blockchain space, attracting both individual investors and institutions eager to explore its innovative solutions.

For more details on how to participate, visit the Soileum website.

Polygon Reaches New Milestones

Amidst this presale excitement, Polygon has been making headlines for its impressive growth and adoption rates. As a layer-2 scaling solution for Ethereum, Polygon has successfully reduced transaction fees and improved speeds, making it a favored platform for DeFi projects and NFT creators.

Recent reports indicate that Polygon’s user base and total value locked (TVL) have surged, reflecting the growing demand for scalable blockchain solutions. As more projects migrate to or launch on Polygon, it solidifies its position as a significant player in the DeFi and NFT ecosystems. The success of Polygon serves as a testament to the increasing importance of scalability in blockchain technology.

Cardano’s Smart Contract Development Accelerates

Meanwhile, Cardano is experiencing a notable surge in its smart contract capabilities. Following its Alonzo upgrade, Cardano has seen significant growth in the number of projects utilizing its platform for decentralized applications (dApps) and smart contracts. This growth has attracted a wave of developers and projects eager to capitalize on Cardano’s robust ecosystem.

With increased interest in Cardano’s smart contracts, the network is positioning itself as a serious competitor to other established platforms like Ethereum. This evolution is likely to drive further innovation and development within the Cardano ecosystem, creating new opportunities for investors and users alike.

Global Crypto Regulations Tighten

As these projects flourish, the broader cryptocurrency landscape faces increasing regulatory scrutiny. Governments around the world are tightening regulations in response to concerns about fraud, money laundering, and investor protection. The SEC and other regulatory bodies are implementing measures that impact exchanges, token offerings, and blockchain projects.

For investors and projects like Soileum, this evolving regulatory environment presents both challenges and opportunities. Adhering to compliance standards is crucial for gaining trust and maintaining legitimacy in the eyes of regulators. As the industry adapts to these changes, transparent and compliant practices will be key to long-term success.

Conclusion

As Soileum prepares for its $100 million presale, the cryptocurrency market is witnessing significant developments, including Polygon’s impressive growth and Cardano’s smart contract advancements. However, the tightening of global crypto regulations serves as a critical reminder of the complexities that investors and projects face in this evolving landscape.

For ongoing updates and more information regarding the presale, check out the Soileum website. The intersection of these trends presents a dynamic environment, and as the presale date approaches, all eyes will be on Soileum Network to see how it leverages current opportunities while navigating the challenges ahead.

Company Name: Soileum Network

Contact Person: Badrinath M

Contact Email: team@soileum.com

City: Bangalore 

State: India

Website link: https://soileum.com 

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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