Sam Bankman-Fried reportedly received a loan from his quantitative trading firm Alameda Research, to facilitate the purchase of his stake in American stock brokerage firm Robinhood Markets. This devel...
Tag: loan
Year-End Expert Advice On Student Loan Forgiveness
President Joe Biden, speaking about student loan relief at Delaware State University in October. The Supreme Court will hear challenges in February to his plan to forgive up to $20,000 for some borrow...
Defrost Finance Suffers Flash Loan Attack Losing $12 Million
11 mins ago | 2 mins read Defi News Defrost v2 had been attacked by a flash loan attack. The platform eventually recognized a v1 emergency as well. Both versions of Defrost Finance, a decentralized le...
Second Mortgage vs. Home Equity Loan: Which Is Better?
Second Mortgage vs. Home Equity Loan: Which Is Better? Owning a home can yield valuable benefits, including the opportunity to accumulate equity in the property. Equity is the difference between what ...
DeFi flash loan hacker liquidates Defrost Finance users causing $12M loss
Defrost Finance, a decentralized leveraged trading platform on Avalanche blockchain, announced that both of its versions — Defrost V1 and Defrost V2 — are being investigated for a hack. The announceme...
Bitcoin miner Core Scientific to access $37.5 million loan
Bitcoin miner Core Scientific has been given temporary permission by a U.S. bankruptcy court to obtain a $37.5 million loan from its creditors. With financing, Core Scientific would maintain its hosti...
BTC miner Core Scientific gets interim nod for $37.4M bankruptcy loan
A U.S. bankruptcy court has granted Bitcoin (BTC) miner Core Scientific interim approval to access a $37.5 million loan from existing creditors to fund the firm amid its liquidity issues. Core Scienti...
Crypto market maker Auros defaults on $7.5 million Maple Finance loan payment
Crypto market making firm Auros failed to make a payment on a $7.5 million stablecoin loan from uncollateralized lending platform Maple Finance, according to security and analytics firm PeckShield. &#...
Should you use a home equity loan for debt consolidation?
This article was originally published on Bankrate.com. A home equity loan allows you to convert a portion of the equity you’ve built in your home to cash. It’s also an effective way to consolidate deb...
IMF Approves $3 Billion Egypt Loan to Support Ailing Economy
(Bloomberg) — The International Monetary Fund approved a $3 billion loan for Egypt that will offer some relief to an economy grappling with the fallout of Russia’s invasion of Ukraine. Most Read...
Ghanaian Cedi Appreciates by More Than 30% in 4 Days — Currency Recovery Follows IMF Loan Announcement – Economics Bitcoin News
Just a few months after it became the world’s worst-performing currency, the Ghanaian cedi’s exchange rate versus the U.S. dollar bounced back from just over 14 units per dollar on Dec. 1, to 8 units ...
Maple Finance 2.0 overhaul aims to speed the process for loan defaults
Crypto lending platform Maple Finance has unveiled a major protocol upgrade aimed at making defaults and liquidation procedures less cumbersome in the wake of recent defaults. Maple Finance is a decen...
SOFI Stock Price Analysis: How Biden’s Proposal For Student Loan “Relief” The Company?
Finance industry has become the biggest industry globally with $109 Trillion revenue generated in 2020 according to the Federal Reserve. SoFi Technologies (NASDAQ: SOFI) is among the companies making ...
DeFi Protocol Lodestar Finance Exploited in Flash Loan Attack
27 mins ago | 2 mins read Defi News Hacker artificially inflated the value of the plvGLP token used on the PlutusDAO platform. The attacker borrowed all available liquidity and cashed out a portion of...
DeFi protocol, Lodestar Finance, hacked in flash loan attack
On December 10, a flash loan attack was launched against the Arbitrum-based borrowing protocol Lodestar Finance. Lodestar claims that an attacker inflated the value of the plvGLP token on PlutusDAO an...
Lodestar Finance exploited in flash loan attack
Arbitrum-based lending protocol Lodestar Finance was exploited in a flash loan attack on Dec. 10. According to Lodestar, the attacker manipulated the price of the plvGLP token before borrowing all pla...
Orthogonal’s Loan Defaults And More
Crypto firm Orthogonal Trading has defaulted on $36 million worth of loans taken on DeFi lending protocol Maple Finance due to its funds being tied up with bankrupt crypto exchange FTX. Let’s find out...
Orthogonal Trading fails to repay a loan amount of $10M to Mapple Finance
With the FTX going into bankruptcy, the overall ripple effect is seemingly carrying on, leaving its ugly mark and negative impact on all who are connected. In the latest case scenario, it happens to b...
Maple Finance ends ties with Orthogonal Trading over loan default
Maple Finance has cut ties with trading company Orthogonal over failure to repay due debts Nexus Finance also took a hit as a result of the failure of Orthogonal to repay its due debt One of the bigge...
Nexus Mutual expects $3M loss from Orthogonal Trading’s M11 loan default
Following Orthogonal Trading’s M11 loan default, decentralized insurance protocol Nexus Mutual has moved to withdraw all its assets from Maple Finance, as it expects to take a loss of roughly $3 milli...
Rapid Insights: Auros’ Uncollateralized DeFi Loans
December 5, 2022, 1:22PM EST • 5 min read Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion. The fallout of FTX has caused an industry-wide credit...
What happens to student loan debt when you die?
It’s hardly any secret that student loan debt is a major burden for individuals and families across the country. According to the Education Data Initiative, student loan debt in the United States tota...
Tether Responds to Media FUD Regarding Rising Loan Risk
On Dec. 1, the Wall Street Journal published another attack on the crypto industry, targeting Tether this time. The outlet claims that the company has “increasingly been lending its own coins to custo...
Supreme Court Will Hear Arguments On Biden’s Stalled Student Loan Forgiveness Plan
Topline The Supreme Court will hear oral arguments in a case challenging President Joe Biden’s student loan forgiveness plan, the court announced Thursday, which means a final decision on the program’...
America has a $1.7 trillion student loan debt problem. Here’s what 6 borrowers think will solve the crisis as Biden’s forgiveness plan stalls
When President Joe Biden announced his plan to forgive up to $10,000 to $20,000 in federal student loan debt for most borrowers, it was the first time in many of their adult lives that those bearing t...
$1 billion loan for crypto broker Genesis
Genesis, one of the most prominent crypto lenders, says it is trying to avoid bankruptcy, following the difficulties triggered by the collapse of FTX, of which it was a major victim. That is why in t...
Auros Global defaults on DeFi loan
Algorithmic crypto trading and market-making firm, Auros Global has failed to make payment on its decentralized finance (DeFi) loan. According to M11 credit, the missed payment could be attributed to ...
GSE Loan Limits Now Above $1 Million
ATHERTON, CA – JULY 12: A mansion style home is seen July 12, 2005 in Atherton, California. … [+] According to a recent survey by Forbes.com, Atherton, a small town in the heart of silicon...
Appeals Court Rules Against Biden’s Student Loan Forgiveness Plan—Likely Sending Second Case To Supreme Court
Topline A federal appeals court ruled against the Biden Administration’s student loan forgiveness plan Wednesday, siding with a lower court that struck down the policy, ensuring the program will remai...
SoFi struggling, President Biden extends student loan payment freeze – crypto.news
Recent reports indicate that the SoFi network has been experiencing revenue drops and financial issues. The struggles are mainly attributed to the student loan freeze by the White House. Furthermore, ...
‘Most economists are predicting a recession in 2023’: I own a rental property. Is it a good time to take out a bank loan and renovate — or should I wait?
Dear MarketWatch, Along with a sibling, I own a rental property of more than 40 rooms in the Caribbean, where we do weekly rentals. It’s near downtown but in need of repairs and renovation. Is this ...