Orthogonal Trading has defaulted on $36 million of loans on crypto lending protocol Maple Finance after the investing firm’s funds became tied up on bankrupt exchange FTX. The default at...
Tag: Loans
Genesis Creditor Groups’ Loans Amount to $1.8B and Counting: Sources
The Proskauer group takes the tally to $1.8 billion, with more to come in the form of a third ad hoc group being represented by Kirkland & Ellis, the law firm representing bankrupt crypto firms Ce...
What You Need To Know About Crypto Loans Before You Apply
– Advertisement – Cryptocurrencies can be viewed as a distinct asset class. And, like other assets such as a stock, house, or car, your crypto can be used as collateralized loan crypto. To...
Tether Hits Back at WSJ, Claims Its Loans Are ‘Overcollateralized’
Tether has stated that its secured loans are heavily collateralized in response to a recent report claiming Tether-led trouble in the sector. The Wall Street Journal notes in its report that Tether ...
‘Somehow we live check to check.’ We make over $200K a year, but owe $100K on HELOC loans, never learned to save money and feel like we’ll never be able to retire. Do we need professional help?
Do you need a financial adviser? Getty Images Question: My wife and I are looking for help. We have never really learned how to save money, and we are really terrible at it. We both come from poor fam...
DeFi Giants Aave, Compound Freeze Markets and Cap Loans to Mitigate Risks
DeFi protocols Aave and Compound have implemented new safety measures in light of the ongoing turmoil in crypto markets. On Sunday, Aave executed a proposal to freeze the markets for 17 different asse...
BlockFi puts client loans into forbearance, email shows
Crypto lender BlockFi has put client loans into forbearance, according to a customer email viewed by The Block. “At this time, clients do not have the ability to post new funds to BlockFi...
Bitcoin miner Iris Energy unplugs hardware collateralizing over $100 million in loans
Bitcoin miner Iris Energy has unplugged a large majority of its miners in response to a default notice on about $107.8 million in loans they were securing. However, the company said that its dat...
Wells Fargo Tries Something New (and Customer Friendly)
For many Americans, living from paycheck-to-paycheck is a fact of life. Saving a bit of money at the end of the month in order to afford the next month’s rent is typically a significant financia...
Taiwan Banks Cut Loans In China Amid Slow Mainland Economic Growth, Military Tension
Fubon Financial Holding is among the Taiwan financial institutions with mainland China business. Photographer: Maurice Tsai/Bloomberg News Taiwan banking industry loans to mainland China dropped by 16...
SBF received $1B in personal loans from Alameda: FTX bankruptcy filing
Former FTX CEO Sam Bankman-Fried received a $1 billion personal loan from one of four silo companies deeply involved in the collapse of the FTX cryptocurrency exchange. A formal declaration in ongoing...
Crypto Liquidity Provider B2C2 Offers to Purchase Loans from Genesis
A well-known cryptocurrency market maker, B2C2, is extending a hand to the struggling crypto lending firm Genesis, after the latter company froze customer withdrawals on Wednesday. “B2C2Group wishes ...
SBF Received $1Bn In Personal Loans From Alameda Research
Sam Bankman-Fried a.k.a SBF, the former CEO of FTX, acquired a $1 billion personal loan from Alameda Research, one of the four silo firms that played a significant role in the demise of the FTX crypto...
Oldest Bitcoin holders start selling; FTX court filing reveals SBF’s $1B loans from Alameda
The biggest news in the cryptoverse for Nov. 17 includes the high selling tendency of Bitcoin holders older than 10 years, SBF’s $1.6 billion personal loan from Alameda Research, and Bitcoin and Ether...
FTX bankruptcy court filing reveals Alameda gave $1.6B in loans to SBF, others
A Nov. 17 court filing from new FTX CEO officer John Ray III revealed that the former CEO of the bankrupt crypto exchange Sam Bankman-Fried got $1 billion in personal loans from Alameda Research. The ...
Genesis Global Capital Suspends Withdrawals and Granting Loans
The crypto lending division of Genesis Trading, Genesis Global Capital, has temporarily paused its withdrawal and loan origination services as it faces “abnormal withdrawal requests” in the wake of th...
Celsius reveals $13 million in loans to Alameda Research
Troubled crypto lender Celsius reported exposure to the FTX exchange and sister trading firm Alameda Research that both filed for Chapter 11 bankruptcy protection on Friday. Celsius tweeted “in ...
Twitter Buyout Loans Get Bid at 60 Cents as Banks Sound Out Investors
(Bloomberg) — Wall Street banks that lent $13 billion to help fund Elon Musk’s buyout of Twitter Inc. have been quietly sounding out hedge funds and other asset managers for their interest in a ...
2 Lenders Claim Bitcoin Miner Iris Energy Defaulted on Equipment Loans Worth $103 Million – Mining Bitcoin News
Another bitcoin mining company is dealing with financial issues as Iris Energy’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) shows the company could face default on two loan...
Bitcoin Miner Iris Energy Faces Default Claim on $103M of Equipment Loans
The reason for the notice of default, which the lender sent to the miner on Nov. 4, is the company failed to engage in “good faith restructuring discussions” for the debt in question, acco...
Bitcoin Mining Firm Iris Energy Might Fail To Pay Off Its Loans
Several unfortunate cases are springing up in the Bitcoin and crypto ecosystem. The main reason for these adverse events comes down to the current bearish trend of the cryptocurrency market. Regardles...
A protocol for uncollateralized crypto loans
Lending platforms help projects grow, making them an essential part of the DeFi infrastructure. However, it faces one limitation in depositing collateral with the lender. Eliminating that factor could...
Credit Card Loans Back To 2019
Credit cards, the common purchasing tool getty Per The Wall Street Journal (Oct. 29-30): “Credit-card debt recently reached a new milestone: It returned to where it was before the pandemic.̶...
Wall Street Warns of Trouble Brewing in Auto Loans as Prices Dip
(Bloomberg) — The largest US banks are warning of trouble ahead in auto loans as dropping prices for used cars risk leaving borrowers underwater. Most Read from Bloomberg Wells Fargo & Co. s...
Ally Tumbles After Auto-Lending Giant Reports Slowing Loans
(Bloomberg) — The clouds over the US car industry darkened further on Wednesday after auto-lending giant Ally Financial Inc.’s disappointing third-quarter results showed fewer people than expect...
Binance will provide the cryptocurrency mining industry with loans worth $500 million
Join Our Telegram channel to stay up to date on breaking news coverage Binance, a cryptocurrency exchange, has created a loan scheme through its mining pool to assist cryptocurrency miners. The coin t...
Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry – Coinotizia
Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unvei...
Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry – Mining Bitcoin News
Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unvei...