Mizuho analyst Dan Dolev maintained SoFi Technologies, Inc (NASDAQ: SOFI) with a Buy and lowered the price target from $7 to $6 despite remaining upbeat on the stock. The seemingly never-ending studen...
Tag: loan
Student Loan Repayment Freeze Extended Into 2023, Likely Helping Consumer Spending
The Biden administation has pushed back the date when student loan payments resume. That’s likely a … [+] positive for the U.S. consumer. (AP Photo/Patrick Semansky) Copyright 2022 The Ass...
Iris Energy mining rigs set to go offline following $108M loan default
Slumping Bitcoin prices, paired with record-high hash rates and increasing energy prices, have caught up with Bitcoin miner Iris Energy. The Australia-based mining firm is set to take a significant c...
Biden Pauses Student Loan Payments Through June
Topline The Department of Education will extend the suspension on payments toward federally held student loans for an additional six months, as President Joe Biden’s plan to permanently forgive many A...
Iris Energy Slashes Bitcoin Mining Capacity Due to a Requested Loan
Iris Energy – an Australian crypto mining company whose main purview is the operation of BTC mining sites in Canada running on renewable energy exclusively – has recently ceased mining in two subsidia...
Iris Energy to eliminate mining equipment following $108M loan default
The current bear market in cryptocurrencies has claimed another victim: the Australian-based Bitcoin mining company Iris Energy. This makes Iris Energy the latest company to fall victim to the bear ma...
Iris Energy to cut mining hardware after defaulting on $108M loan
Australian Bitcoin mining firm Iris Energy is the latest to suffer from the squeeze of the crypto bear market, losing a significant chunk of its mining power after defaulting on a loan. A filing by th...
Iris Energy Defaults on $100 Million Loan, Cuts Mining Hardware
Australian Bitcoin miner Iris Energy is set to lose 3.6 Exahashes/second of mining power after defaulting on a $108 million loan. Iris Energy will not pay loans taken against the equipment operated by...
Institutional Crypto Lender Genesis Asked for $1,000,000,000 Emergency Loan Before Halting Withdrawals: Report
The Wall Street Journal reports that the institutional crypto lender Genesis asked investors for an emergency loan of $1 billion before announcing that clients would temporarily be unable to take out ...
Bankman-Fried Received $1Bn in Personal Loan from His Company
Sam Bankman-Fried, the founder of the FTX exchange and Alameda Research, a cryptocurrency trading platform, seemed to confuse his bank and his companies. According to John Ray, the new CEO in charge o...
What the Genesis Loan Suspension Teaches Us About Crypto Lending
Genesis Global Trading, one of the largest crypto lenders and institutions, announced November 16 that they would “temporarily suspend redemptions and new loan originations in the lending busine...
Genesis sought $1 billion loan before pausing withdrawals
Crypto lender Genesis was seeking a $1 billion emergency loan just before suspending customer withdrawals on Wednesday. Emergency loan Citing a lack of liquidity as the reason, cryptocurrency lending ...
Confidential Doc Reveals Genesis Sought $1B Emergency Loan From Investors: WSJ
Crypto lending firm – Genesis – reportedly sought an emergency loan of $1 billion from investors before notifying its clients of suspending redemptions this week. According to The Wall Street Journal,...
Leaked report exposes Genesis begged investors $1B emergency loan
Genesis, a cryptocurrency lending Company, reportedly asked investors for a $1 billion emergency loan before informing its clients this week that redemptions would be halted. The Wall Street Journal r...
Genesis Sought Emergency $1B Loan Before Trade Suspension
Embattled crypto lender Genesis was reportedly seeking a bailout before it suspended withdrawals this week. Genesis Global Capital has become one of the latest victims of the FTX collapse and crypto c...
Biden Administration Will Ask Supreme Court To Resume Student Loan Forgiveness Program
Topline President Joe Biden’s administration plans to ask the Supreme Court to reinstate a student debt forgiveness program that has been held up by lower court decisions, as legal disputes prev...
Genesis sought $1B emergency loan but never got it
Crypto lender Genesis sought out an emergency loan of $1 billion from investors in the wake of FTX’s collapse and ensuing bankruptcy but never got the funds it requested, The Wall Street Journal repor...
Genesis sought emergency loan of $1 billion: WSJ
Genesis sought an emergency loan of $1 billion from investors before telling clients it was suspending redemptions in the wake of the collapse of FTX, The Wall Street Journal reported. Genesis s...
Genesis Sought $1B Loan Before Halting Redemptions
Key Takeaways Genesis reportedly sought a $1 billion emergency loan before it suspended withdrawals this week. The Wall Street Journal obtained an internal document to that effect and reported the new...
FTX’s Bankman-Fried Received $1 Billion Loan From Alameda
(Bloomberg) — FTX co-founder Samuel Bankman-Fried, one of his related companies, and two other top executives at the collapsed cryptocurrency exchange received massive loans from affiliated trad...
73% of student loan borrowers plan to spend their debt forgiveness checks on non-essential items. Do this with it instead.
‘Travel, dining out and new tech’: 73% of student loan borrowers plan to spend their debt forgiveness checks on non-essential items. Do this with it instead. President Joe Biden’s st...
Binance CEO Plans To Acquire Genesis Loan Book
The FTX-Alameda crisis has spread around other projects like Genesis Trading, Gemini and blockfi blockfi [email protected] Centralised Exchange . As a result, Genesis has halted their withdrawals whil...
Binance’s CZ Might Acquire Genesis Loan Book
According to reports, CZ — the founder of the world’s biggest cryptocurrency exchange is interested in buying Genesis’ loan book. After showing interest in buying FTX but later backing out within 24 h...
Binance’s CZ Looking Into Acquiring Genesis Loan Book: Source
By Jon Rice / November 16, 2022, 11:46 am EST It started with CZ. It might end with CZ. The founder of Binance, the world’s largest cryptocurrency exchange, is reported to be interested in acquiring G...
Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations – Bitcoin News
Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive of...
Dear Tax Guy: ‘What happens if I sell my existing house to pay off the loan on my new home? How much tax will I owe?’
Greeting, readers. I’m Andrew Keshner and I’m the tax reporter for MarketWatch. I write about the controversies, open questions and best strategies about taxes. For the purposes of this new column, th...
Former CEO Leon Li offers $14M Loan to Shield the trapped fund in FTX
Leon Li offers a $14 million loan to New Huo Technology to recover losses trapped in the FTX crash. New Huo Tech’s subsidiary company worth $18.1 million of crypto is non-withdrawable to the sudden co...
Biden’s Student Loan Forgiveness Plan Kept On Hold As Court Sides With GOP States
Topline The Biden Administration will remain blocked from dispersing student loan forgiveness to millions of borrowers, at least while litigation against its policy plays out, as a federal appeals cou...
New Huo Technology unit gets $14M loan from ex-Huobi CEO Leon Li to cover client funds stuck on FTX
Hbit Limited, a fully owned subsidiary of New Huo Technology, has approximately $18.1 million worth of assets stuck on FTX, which filed for bankruptcy last week, according to Nov. 14 press release. Hu...
Biden Administration Suspends Student Loan Forgiveness Applications
Topline The Biden administration will stop accepting applications for federal student loan forgiveness, according to a note on the official application website, after a Texas court struck it down and ...
Texas Federal Judge Blocks Biden’s Student Loan Relief Program
Topline President Joe Biden’s student loan relief program was struck down by a Texas federal judge who deemed it an “unconstitutional exercise” on Thursday, putting the plan in further jeopardy after ...