Glendale, CA –News Direct– Blue Ribbon Media It is time to say goodbye to 2022 and welcome 2023 with as much enthusiasm and celebrations as we can. However, being around the year’s e...
Tag: Loans
FTX Executives Accused of Receiving Hidden Loans
Sam Bankman-Fried was released on December 22 2022. FTX founder Sam Bankman Fried and several other executives of crypto exchanges have received secret loans from investment and trading fi...
Caroline Ellison Admits to Hiding Billions of Secret Loans From FTX
12 seconds ago | 2 mins read Exchange News Caroline Ellison accepted a guilty plea and is assisting the government. Ellison admitted that she and Sam Bankman-Fried concealed misleading funds. The form...
Caroline Ellison admits to concealing billions of dollars of FTX loans
FTX associate Caroline Ellison admitted during her plea deal that she concealed billions of dollars worth of loans, according to a Reuters report on Dec. 23. As the former CEO of Alameda Research, Ell...
NFTBank Partners with X2Y2 to Supercharge NFT Loans Module
Vladislav Sopov NFTBank, a valuation protocol for non-fungible tokens (NFTs), joins forces with novel marketplace X2Y2 and its loans module Contents NFTBank to advance NFT valuation for X2Y2 Loans X2Y...
NFTBank Collaborates With X2Y2 Loans To Offer NFT Pricing
NFTBank teams up with X2Y2, the third-largest Ethereum-based NFT market, and an emerging NFT loans platform. Infrastructure for NFT financialization has developed over the last two years as NFT use ha...
NFTBank Powers NFT Pricing for X2Y2 Loans
Seoul, Korea, 19th December, 2022, Chainwire NFTBank joins forces with X2Y2, the third biggest NFT marketplace on Ethereum and an emerging NFT loans platform. Over the past two years, NFT financializa...
Maple Finance Opts for Immediate Defaults To Curb Bad Loans
Crypto lending platform Maple Finance has introduced a protocol upgrade, dubbed Maple 2.0, after experiencing two major loan defaults from borrowers on its platform. Maple Finance, a decentralized cre...
Bitcoin miner offered loans in order to avoid bankruptcy
Core Scientific, one of the world’s largest Bitcoin mining companies, has been offered a lifeline to avoid bankruptcy. Finance services platform B. Riley has offered Core Scientific a $72 million debt...
Tether Plans to Eliminate Secured Loans Held in Its Reserve in 2023
By a very large margin, Tether comes off as one of the top three companies operating as a Virtual Asset Service Provider (VASP) that receives a constant attack from mainstream media per its reserve. ...
USDT issuer Tether would stop making secured loans in 2023, thanks to FUD
USDT has been battling FUD around it in recent months as a result of its exposure to collapsed projects like FTX. Tether has made a move to reduce its secured loan to ensure the stability of the token...
Fed rate hike pushes business loans over 10% for first time since 2007
With the Federal Reserve’s latest rate hike adding half a percentage point to the cost of debt capital and reaching its highest level in 15 years, the majority of small business loans will hit t...
Tether to reduce secured loans to zero in 2023 amid battle against FUD
The world’s largest stablecoin issuer, Tether, has pledged to eventually stop the practice of lending out funds from its reserves, saying it is “mission critical to restore faith” in the crypto ...
Tether addresses recent FUD, to reduce loans in 2023
Tether Holdings has issued a blog post to address the recent FUD around its loans status. The crypto firm planned to settle all active loans by 2023 and urged customers to avoid FUD-generating rumors....
USDT Stablecoin Issuer Tether Pledges to Eliminate Loans by 2023
11 mins ago | 2 mins read Altcoin News As of September 30th, the company claims that it has loaned out $6.1 billion. The company’s total assets surpassed $68 billion in the third quarter alone. In lig...
Tether to reduce secured loans to zero by 2023
Tether (USDT) said it would remove its secured loans in its reserves by 2023, according to a Dec. 13 blog post. A Dec. 1 Wall Street Journal report said Tether’s secured loan was 9% (roughly $6.1 bill...
Tether Responds to FUD, Promises Zero Secured Loans in 2023
Tether is back again with criticism of the mainstream media, which has once again called out the stablecoin provider for having potentially unreliable reserves. In response to the “recent cycle of Tet...
Tether vows to remove secured loans from its backing
Tether intends to remove all secured loans from its backing in 2023 after The Wall Street Journal said that the stablecoin operator’s increasing roster of loans might make it unable to pay back ...
The Block CEO resigns after reports of undisclosed loans from Alameda Research
Michael McCaffrey, the chief executive officer of cryptocurrency news outlet The Block, resigned after media website Axios reported early Saturday, Hong Kong time, that he had received three undisclos...
The Block CEO showed ‘serious lack of judgment’ in taking loans from FTX’s Sam Bankman-Fried and not disclosing them
The fallout from the implosion of FTX continues, with crypto publication The Block on Friday announcing that Michael McCaffrey has stepped down as its chief executive officer after failing to disclose...
The Block CEO Resigned After Failing to Report Loans From SBF
On December 9th, the CEO of The Block, Michael McCaffery, resigned due to his failure to disclose loans he had received from Sam Bankman-Fried’s bankrupt Alameda Research. McCaffery had allegedly obta...
Larry Cermak Points Out Irony After Unknowingly Leaking Secret Loans Received By The Block CEO From SBF
– Advertisement – Cermak jokes about accidentally leaking details of secret loans from Alameda to The Block CEO as SBF sponsorship of The Block comes to light. VP of Research at The Bloc...
Exposed Alameda Research Loans to Media Site The Block and Its CEO Adds to FTX’s Miseries
Crypto media site The Block was secretly funded over the last two years by Sam Bankman-Fried’s Alameda Research, according to a report by Axios. The Block confirmed the report on Friday. This article ...
CEO of crypto news site The Block resigns for failing to disclose $27M loans from Alameda Research
Bobby Moran of crypto news website the Block has announced he will be assuming the position of chief executive officer following the resignation of Mike McCaffrey, who reportedly financed the platform...
The Block CEO resigns after failing to disclose $27 million in personal loans from Alameda Research
Crypto news outlet The Block’s CEO Michael McCaffrey has resigned after failing to disclose a series of loans from Alameda Research – a company linked to former FTX head Sam Bankman-Fried (SBF). McCaf...
The Block CEO resigns after failure to disclose loans from Bankman-Fried’s Alameda
The Block Chief Executive Officer Michael McCaffrey resigned after failing to disclose a series of loans from disgraced former FTX head Sam Bankman-Fried’s Alameda Research. He was the only person wit...
Elon Musk’s Bankers Considering New Tesla-Backed Margin Loans to Slash Twitter Debt
Banks had to fund the whole debt package with their own cash due to a decline in the credit markets. According to people familiar with the matter, Elon Musk’s bankers are considering providing new mar...
Binance CEO CZ confirms exchange has no outstanding loans
Binance CEO Changpeng Zhao “CZ,” said that the exchange has no outstanding loan, and challenged anyone to ask around. Earlier on Nov. 25, Binance published its Bitcoin proof of reserves to show that i...
Genesis Creditor Loans Near $2B, Crypto Daily TV 6/12/2022
In Todays Headline TV CryptoDaily News: Crypto Lender Nexo To Quit United States UK-based crypto lender Nexo said on Monday it would phase out its U.S. products and services over the coming months due...
Genesis on Death Scale as Creditors’ Loans Surpass $1.8B!
Genesis at the verge of extinction. The creditors loan amount surpasses $1.8 Billion. Gemini alone accounts to have lent $900 million to Genesis. The aftermath of the fall of the FTX crypto exchange ...
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...
Another Genesis Creditor Group’s Loans Amount To $1.8B
The Proskauer Rose law firm has presented the number as being $1.8 billion. There is a certainty that this is not the final number. The number would increase through the ad hoc group, which is now rep...