People wait outside the Silicon Valley Bank headquarters in Santa Clara, CA, to withdraw funds after the federal government intervened upon the bank’s collapse, on March 13, 2023. Nikolas Liepin...
Tag: Loans
Debtors saved over $100M using de-pegged stablecoins to repay loans
The depegging of USD Coin (USDC) and Dai (DAI) from the United States dollar prompted a frenzy of loan repayments over the weekend, allowing debtors to save a total of more than $100 million off their...
‘I don’t have any other debt’: I have $40,000 in student loans, but saved $70,000 due to deferred payments. I live in the Bay Area. What should I do with this money?
I am a single 35 year-old with $40,000 remaining in federal student loans. In early 2020, I was super lucky to land a great new job that significantly increased my income. This was the middle of the p...
China’s foreign loans are becoming a US burden
When the pandemic threw low-income countries into distress in 2020, China initially appeared to be part of the solution, delivering more debt relief than any other lender to coronavirus-hit countries....
I’ll inherit $40,000 from my grandmother. Should my husband and I boost our kids’ college savings accounts, or pay off credit cards and student loans?
After a terrible battle with dementia, my grandmother died a few weeks ago. She did not leave much, but I will — along with my siblings — receive about $40,000 in life insurance. I am trying to figure...
BendDAO reaches near new all-time highs on Mutants, BAYC and Azuki loans
Ad BendDAO, the largest NFT lending platform by market cap, hit new all-time highs last month on the backs of 4,399 individual loans, many of them Azukis, Mutants and BAYC. (Source: Twitter) Twitter ...
India Pressures China to Take Haircut on Loans to Poor Nations
(Bloomberg) — China must stop taking positions that block debt relief to some of the world’s poorest nations and be willing to take losses on its loans to them, India said in its capacity as the...
NFTfi hits all-time highs for volume, number of loans and borrowers
NFTfi recorded all-time highs in January for volume, number of loans, and borrowers and lenders. Along with BenDAO, NFTfi holds almost 70% of the market share. According to a crypto reporter, these al...
Centrifuge Faces Debt Crisis, Registers $5.8m in Unpaid Loans
Centrifuge, a decentralized protocol operating as a lender, is reportedly facing a liquidity crunch, with collateralized loans amounting to roughly $5.8 million being tracked off as the platform’...
Chainlink (LINK) talks about flash loans, Aave (AAVE) V3 market…..
Want to know what’s new in the cryptocurrency market? We have some interesting news about the popular crypto projects. Here we’ll talk about how Orbeon Protocol (ORBN) has gained traction ...
This Bank Ends loans Secured By Crypto Mining Rigs, What’s Ahead?
A crypto-friendly bank, BankProv, has recently announced that it will no longer offer loans backed by crypto mining rigs. Previously, the bank offered such loans as a way for clients to fund their min...
BankProv Stops Offering Loans Secured by Crypto Mining Rigs
After wiping down $47.9 million in loans that were mostly secured by cryptocurrency mining rigs during the year 2022, the holding company for the cryptocurrency-friendly bank, BankProv, has announced ...
Crypto-friendly bank ends loans backed by mining rigs: Details inside
BankProv will no longer provide loans secured by cryptocurrency mining rigs after writing off $47.9 million in loans. Mining rigs that secured loans have been forced to sell equipment during the sever...
Tether Denies Receiving Any Loans From Celsius
The company that is responsible for the most valuable stable coin in terms of market capitalization, Tether (USDT), alleges that they have never received a loan from the defunct cryptocurrency lender ...
Alameda requests back $445m in loans paid to Voyager
Alameda recently filed a case against Voyager for retrieval of $445 million or more it gave to the crypto lender as loan repayments. The case will go up in the US bankruptcy court for the District of ...
The Fear of Being J. Crewed Is Once Again Roiling Leveraged Loans
(Bloomberg) — It’s the notification every lender fears: designation of an unrestricted subsidiary. Most Read from Bloomberg In plain English, it means that the company that you lent to has just ...
Aave V3 Sees $26M Deposits and $6M Loans after Last Friday Launch
Aave V3 drew $26.10M in deposits and $6.66M in loans after Friday’s launch The most loaned coins on the Ethereum network were stablecoins BUSD and DAI. Previously, Delphi Digital hints that USDC util...
What’s next for Bed Bath & Beyond after defaulting on its loans?
Troubled home-goods retailer Bed Bath & Beyond Inc. disclosed in a filing Thursday that it was in default on loans that have been called in, sending its stock plunging. The filing comes just three...
BlockFi to liquidate millions by selling Bitcoin miner-backed loans: Report
The bankrupt crypto lending firm BlockFi is planning to sell off $160 million in loans backed by 68,000 Bitcoin mining equipment. BlockFi’s effort to liquidate its loans is most likely a result of its...
BlockFi’s Troubles Mount: $160Mn In Crypto Loans To Be Liquidated
Troubled crypto firm BlockFi plans to liquidate approximately $160 million in loans backed by approximately 68,000 Bitcoin mining machines, according to a report by Bloomberg. The move aligns with on-...
BlockFi back to Sell Bitcoin Mining Machine-Backed Loans – Cryptopolitan
Crypto lender BlockFi Inc. was declared Bankrupt previously and now plans to sell about $160 million of loans backed by almost 68,000 Bitcoin mining machines. The New Jersey-based company filed for pr...
Bankrupt BlockFi to Sell $160M in Bitcoin Mining Hardware Loans: Report
The embattled crypto company has around $160 million in loans backed by 68,000 Bitcoin mining rigs which it needs to sell. The New Jersey-based firm started the bidding process for the loans last year...
BlockFi looks to sell bitcoin mining loans totaling $160 million: Bloomberg
Crypto lender BlockFi is looking to sell $160 million in bitcoin mining machine-backed loans amid its bankruptcy process. The bidding started last year and some of the loans may be under-collate...
Arch Launches as the First Platform to Provide Single Loans Against Alternative Assets Helping Investors Disadvantaged by Traditional Lending Services
Backed by Tribe Capital, Castle Island Ventures, Picus Capital, Global Founders Capital, and more, Arch has completed $250,000 in loans pre-launch NEW YORK–(BUSINESS WIRE)–Arch, the first lending plat...
Mass-Adoption means regulated undercollateralized DeFi loans
Uncollateralized loans have huge potential to be disrupted by DeFi. Dusk Network has the solution to bring fully regulated under collateralized loans on-chain. Decentralised Finance (DeFi) continues t...
Fed Economist’s Study Shows Harm Of Government-Spread Misinformation On Small Loans
The “Twitter Files” have made some shocking revelations about government entities muscling social media companies to de-platform people in the name of preventing so-called misinformation. My colleague...
No ‘respite’ for exploits, flash loans or exit scams in 2023: Cybersecurity firm
The new year is a fresh start for malicious actors in the crypto space and 2023 won’t likely see a slowdown in scams, exploits and hacks, according to CertiK. The blockchain security company told Coin...
Facing climate change, Asia farmers turn to risky microfinance loans
The “microfinance” industry — long touted as a way to help poor, rural communities in developing countries — is pushing tens of thousands of farming families into debt traps as they attemp...
Former Alameda CEO Admits to Using FTX Customer Deposits To Repay Loans on Risky Investments: Report
Caroline Ellison, the former CEO of Alameda Research, says the trading firm made short-term and open-term loans worth billions of dollars to pay for its venture investments. In a transcript of her gui...
SoFi CEO Noto makes ‘opportunistic’ million-dollar stock purchase as SVB crisis fuels selloff
As SoFi Technologies Inc. shares fell Friday amid the fallout over Silicon Valley Bank’s collapse, the financial-technology company’s chief executive bought up stock. SoFi Chief Executive Anthony Noto...