In late-June, a new Ethereum token standard called ERC-4907 reached the final stages of development; one which will allow the user to loan out their non-fungible token (NFT). ERC-4907 adds a new role ...
Tag: loan
WazirX Faces Sanction For Abating Illegal Loan App Companies
Asian crypto exchange WazirX which has been under the probe of the Indian enforcement agency, Directorate of Enforcement has finally had its bank assets seized. Cumulatively, the frozen bank assets a...
Bitcoin miner Marathon secures additional $100 million loan
Marathon closed a deal for a $100 million loan from Silvergate Bank collateralized by bitcoin, a move that comes as other miners have sold bitcoin in an effort to pay down their debts. The company als...
Marathon Doubles Loan Borrowing Capacity to $200M as Mining Rigs Sit Idle
The firm has 29,640 bitcoin mining rigs waiting energization in in West Texas, it said in the update. This is largely because hosting firm Compute North’s energy provider is waiting for federal ...
With the student loan payment pause about to expire, what will Biden decide about student loan debt? It’s complicated
With the student loan payment pause about to expire, what will Biden decide about student loan debt? It’s complicated The swirling debate over student loan forgiveness could soon reach a turning...
‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard
The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and services. While economists say raising the interest r...
Why Solana [SOL] hiked at the back of Nirvana flash loan exploit
Solana [SOL] algorithmic stablecoin, Nirvana was recently the subject of a $3.5 million exploitation. On Thursday (28 July), it announced via its official Twitter page that it had lost some of its res...
Solana stablecoin Nirvana sinks 90% amid $3.5 million flash loan exploit
Nirvana Finance, a decentralized finance (DeFi) yield protocol on Solana, has suffered a flash loan exploit to the tune of about $3.5 million, according to PeckShield. Nirvana’s native token ANA...
Solana-based Nirvana loses $3.5M to flash loan exploit; tokens tank 90%
Solana-based DeFi protocol, Nirvana Finance lost $3.5 million to a flash loan attack on July 28. 1/ ? On 28 July, adaptive yield protocol @nirvana_fi was exploited for $3.49M, forcing the protocol’s $...
Solana-Based Algorithimc Stablecoin Plummets 99% After a $3.5M Flash Loan Exploit
Solana-based decentralized finance yield protocol, Nirvana, is the latest victim of a flash loan attack in the cryptocurrency space. Data from blockchain security firm, PeckShield, revealed that the a...
Solana Records Second Flash Loan Attack as Nirvana Losses $3.49M in Exploit
Solana network has recorded another flash loan attack, making it the second in a month. This time, decentralized finance (DeFi) yield protocol Nirvana was the victim, and the attacker stole $3.5 milli...
Biden Reportedly May Offer $10,000 In Student Loan Relief And Another Payment Pause
Topline President Joe Biden is mulling providing more actions on student loans, including the cancellation of $10,000 in federal student loan debt per borrower, Bloomberg reported Tuesday citing peopl...
Tether’s $840M Celsius loan liquidation poses legal troubles
Tether’s (USDT) liquidation of the $840 million loan it gave to Celsius could be under scrutiny under bankruptcy law to determine if the process was valid, the Financial Times reported July 26. The st...
What Is a Crypto Loan And How Can You Benefit From It?
Crypto loans offer an alternative to traditional fiat loans. Read this article to get to know more about them! If you have crypto coins, you can use them as collateral for loans. You’ll get immediate ...
Taty Castellanos Leaves New York On Loan To Fellow City Football Group Side Girona
NEW YORK, NY – NOVEMBER 21: Valentin Castellanos #11 of New York City FC waves to fans after winning … [+] the 2021 Audi MLS Cup Playoff match against Atlanta United at Yankee Stadium on N...
$600 Million Crypto Loan Vanished From BlockFi Q2 Collateral Report
BlockFi Q2 2022 Transparency Report According to the company’s ‘Q2 2022 Transparency Report,’ published on Friday, the crypto lending platform BlockFi had ‘loan exposure’ of $600 million by the ...
BlockFi Announces A $1.8 Billion Outstanding Loan In Q2 2022
Centralized crypto lender BlockFi has stated that it has a total of $1.8 billion in outstanding loans in the second quarter of 2022. The company also provided details regarding its liquidity managemen...
Milo Credit Has Given Up To $10 Million Loan Since April
We have touched a $10 Million bar since April in the USA only: Milo Credit “The success of our company is a clear proof of our ability”:CEO After a long time since the crypto m...
BlockFi Total Loan Tops $1.8B With a $600M Net Risk Exposure in Q2
BlockFi, a major crypto lending firm based in New Jersey, officially disclosed a total loan of $1.8 billion and a net unsecured exposure of $600 million by the end of the second quarter of 2022. The b...
Zipmex a Victim of Crypto Contagion as Concerns Grow Over Babel Loan: Sources
The backstory, according to an industry executive briefed on the matter by people with direct knowledge of the situation, is that a Singaporean arm of Zipmex faces a big loss on about $100 million of ...
Genesis Trading Reportedly Issued $2.36 Billion Loan To Three Arrow Capital
According to a recent report, Genesis Trading allegedly issued an under-collateralized loan of $2.36 billion to the embattled Three Arrows Capital (3AC). The lending platform had engaged in an arbitra...
Crypto lender Celsius loaned $75 million to Three Arrows Capital
Crypto lender Celsius loaned $75 million to collapsed hedge fund Three Arrows Capital (3AC). Documents obtained by The Block show that Celsius made two loans in the stablecoin USDC to 3AC. One loan ...
Exchange Buenbit Rolls Out Crypto Loan Products in Argentina
Buenbit, an Argentina-based crypto exchange with operations in Mexico and Peru, announced on Monday that it has launched a local currency loan product that uses cryptocurrency as collateral. In Argent...
Celsius Pays Off Last DeFi Loan in Push to Recoup $1 Billion
Troubled crypto lending platform Celsius has paid off its last major outstanding debt. This morning, according to data from Etherscan, Celsius paid back $50 million in DAI—MakerDAO’s dollar-pegged sta...
Celsius Recovers Over $400M in Staked Ethereum Collateral From Aave Loan
The struggling crypto lending platform Celsius has nearly cleared all of its outstanding DeFi debt after recovering 400,000 collateralized Staked Ethereum (stETH) from its loan on Aave. The withdrawal...
Celsius Pays Off Aave Loan, Moves $418M ‘stETH’ Stack to Unknown Wallet
Last week, as reported by CoinDesk, Celsius fully paid off and closed its loan on Maker, one of the largest DeFi lending protocols, and freed up $440 million of collateral pledged against the loan, de...
Blockchain.com May Lose $270 Million Due to Unpaid Loan of Three Arrows Capital
Amidst Crypto Winter, Blockchain.com stands at a potential loss as the British Virgin Islands liquidate Three Arrow Capital. The BV Islands issued a liquidation order to Three Arrows Capital, which Bl...
Celsius Network Complete Another $40 Million USDC Repayment for Aave Loan
After paying off its $220 million Maker loan fully last week, Celsius has resumed making payments on its remaining Aave and Compound debts. After paying 60 million USDC for its Aave loan over the cour...
Tether Liquidated an Overcollateralized Bitcoin Loan From Celsius Without Risk
Tether, the company behind USDT, the largest stablecoin by market capitalization, revealed that it liquidated Celsius’s position without risk to its reserves. In a press release on Friday (July 8, 202...
Tether Releases Statement Showcasing Celsius’ Loan Liquidation Process – crypto.news
Tether has disclosed how it has phenomenal measures put in place to ensure that it will never risk the integrity of its reserves. The firm aims to remain in absolute transparency of its reserves. How ...
U.S Bank to Receive $100 Million Loan in DAI From MakerDAO
12 hours ago | 2 mins read Altcoin News 117,000 MKR tokens were used to support the plan, while just 4,200 were used to reject it. The U.S. bank will be able to get liquidity in the form of DAI, a sta...
Tether Says It Liquidated a Bitcoin Loan Made to Crypto Lender Celsius
Tether today announced that it has liquidated a loan to crypto lending firm Celsius. The stablecoin issuer did not specify the dollar value of the loan but said that it managed to settle up with the e...