Tomiwabold Olajide Binance shares different bailout scenarios while emphasizing its duty to protect users As reported by Colin Wu’s Twitter handle, Binance has refuted giving a big line of credi...
Tag: Credit
Binance CEO Denies Providing 3AC a Credit Line After its Failure
Binance CEO Changepeng Zhao (CZ) has stated that his exchange was not the primary trading venue for the faltering hedge fund Three Arrows Capital (3AC). It also did not extend any lines of credit to t...
These dividend stocks yield at least 5% and have plenty of room to raise payouts
This year’s stock price declines make for an increasing number of stocks with high dividend yields of at least 5%. Below is a screen that highlights 29 that appear to be able to raise their payouts co...
How Can I Use Cryptocurrency In The Real World 2022? A Look Into Crypto Today, From ApeFest to Crypto Credit Cards
Cryptocurrency has grown to become a massive aspect of today’s financial market and is often discussed both on and offline. The potential crypto holds for the future, from decentralising banks to the ...
Voyager Digital Secures $200m Credit Facility to Meet Liquidity Demands
The need to be more adequately equipped for the current crypto winter has pushed Voyager Digital Holdings, a prominent crypto trading and investment platform, to secure more than $200 million in credi...
Crude Oil’s Inflation Trade Is Unwinding, Credit Suisse Says
(Bloomberg) — This year’s standout inflation trade of backing commodities is coming under pressure on concern a recession will curb demand for raw materials. Most Read from Bloomberg That’s the ...
BlockFi Secures $250 Million Line of Credit From FTX
Crypto lender BlockFi has secured a $250 million revolving line of credit from crypto exchange FTX, CEO Zac Prince announced Tuesday morning on Twitter. “Today @BlockFi signed a term sheet with @FTX_O...
Stock market nosedive, recession and your 401(k). Here’s what to do.
Even some of the most aggressive retirement savers and investors might find themselves a bit nervous these days with talks of a recession and a market downturn, so the best strategy for those in it fo...
Crypto platform Voyager Digital shares plunge 60% after revealing $665 million exposure to embattled hedge fund; considers issuing default notice
Crypto platform Voyager Digital Ltd. VOYG, -52.50% shares plunged more than 60% Wednesday after the company said its subsidiary Voyager Digital LLC, may issue a notice of default to embattled crypto ...
Powell says U.S. economy can handle the additional rate hikes that are coming
Federal Reserve Chairman Jerome Powell on Wednesday pushed back against economists who argue that aggressive Fed interest-rate hikes have increased the odds of a recession or hard landing for the U.S....
BlockFi CEO Provides More Details on the $250M Revolving Credit Taken From FTX
Yesterday, the popular cryptocurrency lending company BlockFi announced a $250 million revolving credit facility from cryptocurrency exchange FTX to bolster its balance sheet and strengthen its footho...
CFPB may limit credit card late fees as inflation threatens to raise them
Rohit Chopra, director of the Consumer Financial Protection Bureau, testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on April 26, 2022. Tom Williams | Cq-roll Call, Inc. ...
I’m the COO of a mortgage company that’s funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market now
Steve Reich Mortgage rates climbed above 6% last week, according to Bankrate data, with some pros saying they may go higher. (You can see the lowest mortgage rates you may qualify for here.) On top of...
BlockFi Lands $250m Credit Facility from FTX Derivatives Exchange
BlockFi, in exploring avenues to leave the league of the most distressed cryptocurrency lending platforms around, has got a $250 million credit facility from FTX Derivatives Exchange. Announced on Tu...
Crypto Lending Company BlockFi Secures $250m Revolving Credit Facility With FTX
Cryptocurrency lender company BlockFi has signed a nonbinding agreement with leading American crypto exchange FTX to secure a $250 million revolving credit facility to improve its balance sheet and st...
BlockFi gets $250 million credit facility from FTX to support platform
? Want to work with us? CryptoSlate is hiring for a handful of positions! Crypto lending platform BlockFi has signed a term sheet with leading crypto exchange FTX to secure a $250 million revolving cr...
Crypto Billionaire Sam Bankman-Fried Doles Out Credit Lines to Stem Contagion
(Bloomberg) — Sam Bankman-Fried, the crypto billionaire who co-founded digital-asset exchange FTX Trading Ltd., is providing credit lines to try to stem contagions for his beleaguered industry. ...
Nearly one-third of older Americans have less than $10,000 saved for retirement
Many older Americans are willing to work during their retirement years — and they may have to be — because they aren’t financially prepared for their old age. Almost three in 10 people between 55 and...
BlockFi Signs Term Sheet Securing Credit Line From FTX
Crypto lender BlockFi has provisionally secured a $250 million revolving credit facility from FTX with access to more capital as it attempts to shore up liquidity and keep out the chill plaguing fello...
BlockFi Receives $250M Revolving Credit Facility From FTX Exchange
5 hours ago | 2 mins read Defi News BlockFi receives a $250 million umbrella loan as per CEO Prince. BlockFi revealed early last week that it was cutting 20% of its personnel. BlockFi and FTX have tea...
Crypto exchange BlockFi secures $250M credit from FTX amid bear market
BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX. Today @BlockFi signed a term sheet with @FTX_Official to sec...
Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet – Coinotizia
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
BlockFi Secures $250 Million Credit Facility From SBF’s FTX
BlockFi’s CEO – Zac Prince – took it to Twitter to announce the term sheet deal with FTX to obtain a revolving credit worth $250 million. The company aims to utilize the funds to strengthen its balanc...
Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet – Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
Crypto Lender BlockFi Gains $250 Mln Credit Line From FTX
Crypto lender BlockFi said on Tuesday that it has signed a deal with crypto exchange FTX for a $250 million revolving credit facility. The credit line will be used by BlockFi to meet its obligations w...
As inflation hits a 40-year high, here’s how to rethink emergency savings
How much do you really need in your emergency fund? Getty Images/iStockphoto You’ve likely long heard that you should have 6-9 months of expenses socked away in your emergency fund – ideally in a safe...
Forbes’ Best-In-State Banks And Credit Unions 2022
getty The nation’s 4,839 regional and community banks and 5,041 credit unions are much different financial animals than the biggest banks in the United States. The behemoth banks have substantial chun...
BlockFi Receives $250M Credit Facility From FTX
Though it is now in the position of backstopping a broader market crash, FTX is reportedly one of the firms that liquidated Celsius – the troubled crypto lending platform that was forced to halt all u...
UK Financial Ltd Secures a Multi-Million Dollar Line of Credit with Trustfinco Banking Institution
Place/Date: – June 20th, 2022 at 11:57 am UTC · 2 min read Source: UK Financial Ltd UK Financial Ltd today announced that it has received a Multi-Million Dollar line of credit with Trustfinco Ba...
Opinion: Jerome Powell is the worst Federal Reserve policy maker in my lifetime
In the history of the Federal Reserve, the most revered chairmen are William McChesney Martin, Paul Volcker and Alan Greenspan. All gained their reputation by decisive monetary policy action at times ...