Investment bank Goldman Sachs has revealed the name of the first company in history to be granted a secured loan in Bitcoin. The first collateralized loan in Bitcoin Goldman Sachs makes a secured Bitc...
Tag: loan
Nexo Grants $3.3M NFT Loan to CryptoPunk Owner
An anonymous borrower put up two rare CryptoPunks as collateral for a 1200 ETH loan from crypto-lender Nexo. Nexo issued a loan of over $3.3M at a 21% annual interest rate to a CryptoPunk owner who pu...
Will Biden forgive student loan debt? Here’s where things stand now
Borrowers could soon get good news: It seems likelier than ever that President Joe Biden will take the extraordinary step of announcing widespread federal student loan debt forgiveness in the coming w...
Coinbase was the recipient of Goldman Sachs’ Bitcoin-backed loan
Goldman Sachs recently made headlines for issuing its first loan backed by Bitcoin as collateral. It has now been revealed that Coinbase, the largest cryptocurrency exchange in the US, was the mystery...
Goldman Sachs gave out the first bitcoin backed loan to this crypto exchange
The crypto exchange, after receiving the loan against collateralizing bitcoin, has become the first one to do this and leading others to do the same As per Bloomberg reported on Tuesday, prominent Ame...
Jane Street makes DeFi play with planned $25 million USDC loan
advertisement Jane Street Capital, one of the world’s biggest market makers, is pushing into decentralized finance (DeFi) as it plans to borrow up to $25 million in the stablecoin USDC. Accordin...
MicroStrategy “Never Gets” Margin Called on Bitcoin Loan Says CFO – Trustnodes
MicroStrategy has close to $6 billion worth of bitcoin bought for about $4 billion at a price of circa $30,000, some of it purchased through corporate bond debt notes and a collateralized loan. That i...
Jane Street Takes A Leap Towards DeFi With USDC Loan Worth $25 Million
Top-notch trading organization Jane Street made its initial stride into DeFi (Decentralized Finance), borrowing USDC from BlockTower Capital. BlockTower general partner Sanat Rao stated to a news webs...
Coinbase Collateralized Bitcoin for the First BTC-Backed Loan by Goldman Sachs
Wall Street banking giant Goldman Sachs announced that its first-ever Bitcoin-backed loan was lent to Coinbase. However, neither of the two has disclosed the amount and other details regarding the dea...
Bitcoin Miner Argo Blockchain Takes $70 Mln Loan For Texas Site
Bitcoin miner Argo Blockchain on Wednesday said it will take on additional debt to buy equipment for its flagship Texas facility. The miner entered a series of loan agreements with crypto-focussed len...
Coinbase took out the first Bitcoin-backed loan from Goldman Sachs
America’s largest crypto exchange Coinbase has been revealed as the mystery firm that took out Wall Street’s first Bitcoin-backed loan from Goldman Sachs. Goldman Sachs has $2.5 trillion assets under ...
White House May Limit Student Loan Relief To Incomes Under $125,000, Psaki Says
Topline The Biden Administration could offer student loan relief to Americans who earn less than $125,000 per year, White House Press Secretary Jen Psaki confirmed Tuesday—as President Joe Biden mulls...
‘I can’t afford to pay the loan because I’m on a fixed income.’ I’m a 57-year-old widow with $67K in student loan debt. Can you help me get rid of it?
There are some forgiveness and benefit options, including some specific to military spouses that could provide financial compensation. AP Question: I’m a military wife, and my husband died on active d...
Goldman Sachs recently offered its first Bitcoin (BTC)-backed loan
Goldman Sachs has announced the availability of its first-ever lending facility backed by Bitcoin (BTC), Bloomberg reported. This marks a big step forward for the major U.S. bank and accelerating Wall...
‘It is costing more to survive now.’ I owe $109K in student loans, and the balance keeps going up as the loan servicer ‘continuously tacks on more money.’ With high inflation, how can I even cope with my student loans now?
Unfortunately, it is possible for a loan balance to increase, even as you are making payments. iStock Question: I have student loans in excess of $109k. I am on an income-driven plan but my biggest p...
Student loan forgiveness is ‘up to the White House,’ Federal Student Aid COO says
As President Joe Biden moves closer to canceling some student loan debt, the top federal student loan official said any forgiveness by the president would be additive to other reforms taking place. &#...
Flash Loan Attack Costs Ethereum-based Saddle Finance $10 Million
19 mins ago | 2 mins read Editors News The metapools have been put on hold by Saddle. DeFi project Beanstalk Farm was recently hacked by unknown hackers. Data from Peck Shield, a blockchain security s...
White House Said To Eye Income Caps For Student Loan Forgiveness
Topline The White House is weighing income limits for student loan forgiveness, the Washington Post reported Saturday, days after President Joe Biden said he may cancel “some” debt and indicated he is...
Etherum-Based Saddle Finance Loses $10 Mln In Flash Loan Attack
Ethereum-based DeFi protocol Saddle Finance lost about $10 million in a flash loan attack on Saturday, data from blockchain security firm Peck Shield showed. Decentralized Finance (DeFi) popularity an...
HashStack Addresses DeFi Loan Collateralization Inefficiences And Improves Asset Utilization
Hashstack aims to disrupt and improve the appeal of decentralized borrowing and lending. Users can access under-collateralized loans through its Open Protocol at a 1:3 collateral-to-loan ratio. It is ...
Goldman Sachs issues its first loan backed by Bitcoin
Goldman Sachs, one of the leading financial institutions on Wall Street, has announced the launch of a Bitcoin-backed loan product. The loan will allow Bitcoin to be used as collateral to secure loans...
Goldman Debuts Bitcoin-Backed Loan
Alex Dovbnya Goldman Sachs has extended its cryptocurrency push by offering a Bitcoin-backed loan U.S. banking giant Goldman Sachs, which has roughly $2.5 trillion worth of assets under management, ha...
Global Investment Bank Goldman Sachs Offers Its First Bitcoin-Backed Loan – Finance Bitcoin News
Global investment bank Goldman Sachs has reportedly offered its first-ever loan backed by cryptocurrency. The cash loan was collateralized by bitcoin owned by the borrower. A spokesperson for Goldman ...
Goldman Sachs offers first Bitcoin-backed loan as Wall Street embraces crypto
Goldman Sachs has offered its first Bitcoin- (BTC)-backed loan, in a major step forward for institutional cryptocurrency adoption on Wall Street. A spokeswoman from Goldman told Bloomberg that the mu...
Bitcoin-backed Loan Offered by Global Investment Firm Goldman Sachs
6 hours ago | 2 mins read Editors News Loans may also be used to make purchases, another frequent use case. The borrower does not have to worry about the tax ramifications. When you put up your bitcoi...
Goldman Sachs executes its first Bitcoin-backed loan
TL;DR Breakdown Goldman Sachs collateralizes Bitcoins for money loans The investment bank and other banks on Wall Street are expanding their presence in the crypto space. Banks all across the globe ha...
Banking Giant Goldman Sachs Launching Its First-Ever Loan Collateralized by Bitcoin (BTC)
Banking and financial services titan Goldman Sachs is making its first-ever loan grant to a borrower fully backed by leading digital asset by market cap Bitcoin (BTC). According to a recent report, a ...
Wall Street Giant Goldman Sachs Makes History, Offers First Bitcoin-Backed Loan
In the latest hint that Wall Street is pushing farther into crypto, Goldman Sachs has offered its first bitcoin-backed loan. Goldman Sachs Makes History In order to aid to the institutional adoption o...
Goldman Sachs launches its first Bitcoin loan
TL;DR Breakdown • National banking will offer full support for crypto loan• Goldman Sachs demonstrates again that cryptos are the financial future on Wall Street Goldman Sachs, the most dominant tradi...
Goldman Sachs Offers Its First Bitcoin-Backed Loan
The move is a significant step for the investment bank as Wall Street continues to embrace digital assets. According to a spokesperson for the bank, the secured lending facility loaned cash collateral...
Wall Street Powerhouse Goldman Sachs Offers Its First Bitcoin-Backed Loan
Wall Street powerhouse Goldman Sachs has offered its first ever Bitcoin-backed loan to a client. According to a Bloomberg report on Thursday, the banking giant’s secure lending facility allowed a borr...