Tender Finance, a DeFi lending and borrowing platform ceased all borrowing moments ago due to an “unusual amount of borrows,” suggesting a possible hack into the protocol. Tenderfi reportedly lost con...
Tag: borrowing
Borrowing Against a Bored Ape NFT—What Could Go Wrong?
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Non-fungible tokens (NFTs) are getting a major facelift. “Life was a whole lot better when you bought a jpeg, enjoyed th...
Huma Finance raises $8.3 million to enable DeFi borrowing against future income
Deals • February 23, 2023, 11:59AM EST DeFi startup Huma Finance secured $8.3 million in a seed round to build an income-backed lending protocol. Huma’s first product is an on-chain factor...
Despite the attacker borrowing 100 million BEUR
The blockchain security company CertiK suggests that the amount of harm that was done to the decentralised protocol BonqDAO on February 1 may have been far less than what was previously believed. Acco...
Tether CTO denies borrowing from bankrupt lender Celsius
According to its chief technology officer, the company behind Tether (USDT), the world’s largest stablecoin by market capitalization, has never received any loan from the bankrupt cryptocurrency lende...
Tether denies borrowing from bankrupt Celsius
Tether’s (USDT) chief technology officer Paolo Ardoino has denied that the stablecoin issuer took a loan from Celsius in a Jan. 31 tweet. Ardoino responded to a Twitter thread on the Celsius exa...
Fed Funds Borrowing Leaps to New High as Banks Scramble for Cash
(Bloomberg) — Trading in a key overnight funding market surged to the highest in at least seven years, an indication Federal Reserve tightening is putting increasing pressure on liquidity in the...
‘Timing couldn’t be worse’: Inflation is easing, but more people are using credit cards for unexpected expenses — and the next Fed meeting will raise borrowing costs
A record number of people say they would need to pay for an unplanned $1,000 expense by using their credit card, according to a new survey showing the burden of high prices even as inflation rates ebb...
SBF said it was ‘okay’ that Alameda was borrowing FTX user funds
Weeks before the FTX collapse, a top executive raised concerns to founder and then CEO Sam Bankman-Fried (SBF) about Alameda’s significant debt to FTX, the New York Times (NYT) reported. The report ci...
As mortgage rates fall, borrowing below 6% is becoming a ‘distinct possibility’ — here’s what to look for in the coming months
‘Scrap of hope’: As mortgage rates fall, borrowing below 6% is becoming a ‘distinct possibility’ — here’s what to look for in the coming months As inflation eases, mortgage rates are dropping once mor...
Australian regulator sues Finder Wallet for ‘unlicensed’ financial services
Australia’s financial watchdog sued Finder Wallet, a subsidiary of comparison website Finder.com, over a crypto-linked yield product. The Australian Securities and Investment Commission (ASIC) s...
Price Controls in Illinois Speak to The Limits of the Fed’s Rate Machinations
On March 23, 2021 Illinois legislators imposed an interest rate ceiling of 36 percent on all non-bank and non-credit union loans under $40,000. The stated intent was to reduce the burdensome cost of i...
ESOPs Offer Relief in Today’s Constrained Financing Environment
In my 30 years as an investment banker to private and family-owned businesses, I have never seen the borrowing climate for deals change so sharply as it did in 2022. Financing for M&A and private ...
Ankr Exploit Causes Collateral Damage
Decentralized Web3 infrastructure provider Ankr sought to reassure its community Friday with an initial response to the theft of at least $5.5 million from BNB Chain liquidity pools and money markets....
Fed Raises Interest Rates Another 75 Basis Points—Further Pushing Borrowing Costs To Highest Level Since Great Recession
Topline The Federal Reserve on Wednesday signaled it may soon ease up on its most aggressive economic tightening campaign in three decades as it raised interest rates by another 75 basis points—furthe...
Singapore Government Wants to Prohibit Retail From Borrowing Funds for Crypto
The instability of prices can cause consumers to incur massive losses Stablecoins must be pegged to the Singapore dollar The government of Singapore has proposed a new set of regulations to protect co...
Singapore Wants to Prohibit Retail From Borrowing Funds for Crypto Investing: Report
Singapore authorities have proposed a new set of regulatory measures to oversee the use of digital assets in the country and protect consumers. The country’s central bank and financial regulator, the ...
Singapore to Ban Retail Investors From Borrowing to Fund Crypto Purchases
The Monetary Authority of Singapore (MAS), the country’s central bank, is proposing a new measure that will prohibit retail investors from borrowing to fund crypto asset purchases, as part of its effo...
Umee Launches Native Lending and Borrowing, Unlocking Full Cosmos Interoperability Potential
The upgrade follows the successful launch of Umee’s institutional lending DAO UDX and contributes to its vision for onboarding the $200 trillion global debt markets on the blockchain NEW YORK–(BUSINES...
What to look for in your credit report to lower borrowing costs
vitapix | E+ | Getty Images Your credit score can make or break your ability to open a credit card or buy a new car or home at attractive interest rates. To boost your score, you need to know where yo...
Cardano Now Offers New Kind of Lending and Borrowing, Already Live on Testnet
Arman Shirinyan Number of DeFi solutions on Cardano growing rapidly as Liqwid releases first Cardano-based peer-2-pool lending and borrowing feature Cardano-based Liqwid Labs has recently shared an ex...
U.S. Consumer Borrowing Has Reached Record Highs
Americans are holding record levels of debt. getty American consumers are more indebted than ever. The just recently released Federal Reserve Consumer Credit-G.19 report shows that U.S. consumer credi...
Fed Raises Rates Another 75 Basis Points—Pushing Borrowing Costs To Highest Level Since Great Recession
Topline The Federal Reserve on Wednesday doubled down on its most aggressive economic tightening campaign in three decades, raising interest rates by another three-fourths of a percentage point and pu...
Compound Treasury Launches Institutional Borrowing Service
In the latest development for Compound Treasury, institutional clients can now borrow from the DeFi protocol, using digital assets as collateral. An Increasing Demand For Liquidity There has been a ...
Compound Treasury Launches Borrowing for Institutions
Compound Treasury, an institutional DeFi yield platform backed by the Compound Finance protocol, announced on Wednesday a launch of a new crypto loan service that enables institutions to borrow from t...
Kulfi Finance Introduces Fixed Rate Lending and Borrowing Protocol on Cardano
Cardano has reached a critical milestone in its blockchain development, with the first fixed rate lending and borrowing protocol, Kulfi finance launched on the Cardano blockchain. Kulfi Finance a dece...
Why DeFi Speculators Are Borrowing Ethereum as Merge Looms
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) With Ethereum’s merge event just days away, the entire industry is preparing for the network’s most highly-anticipated u...
Why DeFi Protocols Are Limiting ETH Borrowing Ahead of Ethereum’s Merge
The risks for both protocols, Compound and Aave, and perhaps other DeFi lenders, are similar: Airdrop speculators could suction up ETH deposits thereby creating liquidity constraints for other users. ...
A Debt-Ceiling Fight Could Raise U.S. Borrowing Costs and Worsen Budget Deficits
Illustration by Chris Cash Text size About the authors: Arvind Krishnamurthy is the John S. Osterweis professor of finance at the Stanford Graduate School of Business. Hanno Lustig is the school’s Miz...