Wall Street is moving its feet closer into crypto, as Goldman Sachs offered its first bitcoin-backed loan on Thursday, according to Bloomberg News. The secured lending facility allowed a borrower to u...
Tag: loan
Singapore’s Cake DeFi Launches New Loan Service, Accepting Crypto as Collateral
Cake DeFi, a Singapore-based fintech platform, announced on Thursday that it has launched a new decentralized finance (DeFi) service that lets users get loans using cryptocurrencies as collateral. The...
Investment Giant Goldman Sachs Offers the First Bitcoin-backed Lending Loan
New York-based multinational investment bank Goldman Sachs announced that the investment bank has launched a bitcoin-backed lending loan. This is the first over-the-counter bitcoin option traded in Ma...
Deus Finance flash loan exploit nets hacker $13 million
A multi-chain DeFi protocol called Deus Finance DAO suffered a flash loan exploit on Thursday, with the hacker making off with about $13.4 million. The unknown perpetrator carried out the exploit usin...
Biden says he won’t cancel $50,000 in student loan debt but will have an answer on forgiveness in a few weeks
President Joe Biden threw cold water on calls for large-scale student loan debt cancellation during a speech Thursday. He will not cancel $50,000 in debt for every borrower, as some Democrats are push...
Deus Finance Hacked For Over $13M Via Flash Loan Exploit
DeFi protocol, Deus Finance has recently been exploited with hackers siphoning off $13.4 million in crypto, blockchain security firm PeckShield alerted via Twitter in the early hours of Thursday. Peck...
Deus DAO suffers another flash loan exploit, loses over $16M
Deus Finance DAO has suffered another exploit and lost $13.4 million worth of ETH to a hacker less than a month after being hacked in a similar flash loan attack for roughly $3 million. Deus DAO lost ...
Ethereum DeFi Project Teller Facilitates First Uncollateralized Mortgage Loan
Blockchain: It’s where you can buy Bitcoin, digital pictures of Bored Apes, and—for a brief time—Teslas. Also: houses. USDC.Homes, a company that partners with mortgage lenders and brokers to fa...
Biden looking at forgiving most fed student loan debt, says Hispanic Caucus
President Biden is looking at different options to forgive most, if not all, federal student loan debt – a move that would thrill some of his most loyal supporters and financially strapped students na...
Looking to take out a crypto loan? Here’s what you need to know
Loans based on cryptocurrencies have become a mainstay of the decentralized finance (DeFi) universe ever since the smart contract-based lending/borrowing platforms began offering the service to crypto...
National Basketball Association Partner Dapper Labs Helps Bring NFT Loans To Flow Blockchain
NBA Top Shot is one of the most valuable NFT collections to date Dapper Labs Michael Levy made a $20 million dollar fortune in just 6 months on an early $175,000 bet in NBA Top Shot, a non-fungible to...
Paxo Finance Aims to Bring Millions of Users to DeFi with Unique Under-Collateralized Loan Protocol
Blockchain technology started as a small, niche corner of the tech and finance world but has evolved into a massive phenomenon that drastically changed the way people think about assets, business, and...
Biden administration launches student loan review, says 40,000 borrowers will see debt canceled
The Department of Education announced Tuesday a new review of its student debt portfolio, which it says will correct for past mistakes that denied 3.6 million borrowers credit toward student loan forg...
Biden Administration Will Broaden Student Loan Forgiveness Programs For Millions Of Borrowers
Topline The Department of Education announced a plan Tuesday to immediately forgive student loan debt for at least 40,000 Americans—and move another 3.6 million borrowers closer to loan forgiveness—us...
Beanstalk Faces a Flash Loan Attack that Sees About $180M Vanish, Here’s All We Know So Far – crypto.news
Beanstalk Farms, an Ethereum-based stablecoin platform, has experienced a massive loss of funds in the latest major attack on its network. The Hacker Exploited Some Security Weaknesses in Beanstalk Pe...
Over $180 million wiped in stablecoin protocol Beanstalk flash loan heist
As the cryptocurrency market develops and grows, the more enticing its participants become to hackers. In the latest instance of a major attack on a decentralized finance (DeFi) platform, Ethereum-bas...
Beanstalk Farms Lost $180M in Flash Loan Attack, Hacker Donates 250K USDC to Ukraine
Beanstalk Farms, an Ethereum-based stablecoin protocol, was exploited during the weekend, with the total losses skyrocketing to over $180 million. As a result, the native cryptocurrency (BEAN) plummet...
Stablecoin Protocol Beanstalk Loses $182M in Flash Loan Attack
Ethereum-based stablecoin protocol, Beanstalk Farms has fallen to be victim to a cyberattack as hackers drained $182 million in cryptocurrencies Cryptocurrencies By using cryptography, virtual curre...
Top Democrat on student loan forgiveness
A top Democratic lawmaker said that progress was being made to push the White House to cancel student loan debt. “I have told the president, this is one of the most important things he can do to...
Elon Musk Needs ‘Massive Loan’ or Big Tesla Stock Sale to Buy Twitter
(Bloomberg) — Even for the world’s richest person, $43 billion is a steep price. Most Read from Bloomberg Elon Musk’s proposed all-cash offer to buy Twitter Inc. represents about one-sixth of hi...
How to Turn Your NFT Into a Loan
“You pick an NFT from your inventory and you input the [loan] parameters you’re looking for. You might say, I have an NFT. I think it’s worth $5,000. I want to borrow $2,000 against it, and I’m willin...
‘It seems a bit like Lucy pulling the football away.’ Student loan borrowers got another break on payments — what comes next?
President Joe Biden extended the lifeline the federal government has provided to most student-loan borrowers during the pandemic. But that doesn’t mean these borrowers are feeling any more assured of ...
UK-based loan provider lets investors tokenize their fund with Securitize partnership
Whitehall Capital, a London-based loan provider, struck a deal with American digital asset securities marketplace Securitize to enable its investors to hold their units as blockchain tokens. According...
Ethereum NFT-Backed Loan Market Heats Up as CryptoPunks Owner Borrows $8.3M
In brief Loans that use high-value NFTs as collateral are gaining traction. An owner of 104 CryptoPunks NFTs took out a $8.3 million loan on the lot. Auction house Sotheby’s was slated to offer up a l...
Do I resist refinancing my $160,000 federal student loan at a lower rate in the hope there will be loan forgiveness? What are the chances it will happen?
I graduated from college in 2017 with more than $210,000 in federal student-loan debt thanks to out-of-state tuition, a master’s program, and not fully understanding this cost at that time. I’ve chise...
MicroStrategy Takes Out Huge Loan to Purchase More BTC
MicroStrategy is continuing to purchase more bitcoin, though its methods are beginning to garner a few raised eyebrows amongst traders and analysts alike. Not long ago, the software giant announced th...
‘Going to college ruined my life.’ I have $85K in student loan debt for my ‘useless degree’ but only make $16 per hour. How can I cope?
I would give anything to go back and not go to college at all. It wasn’t worth it. iStock Question: I am 32 and got my associates degree in occupational therapy. I owe $25,000 in federal student loans...
Biden Extends Pause On Student Loan Payments Through August 31
Topline President Joe Biden on Wednesday announced the nationwide moratorium on federal student loan repayments will be extended again, from May 1 to August 31. Federal student loan payments havenR...
‘I feel deceived’: After 20 years of paying my student loan, I discovered I don’t qualify for forgiveness. My loans total $167,000. What can I do?
I took out loans for professional/graduate school during the years 1993 to 1996. I took out about $54,000 in loans. In 2002, I consolidated all my federal loans. The balance is approximately $167,000....