Crypto exchange Blockchain.com stands to lose $270 million it lent to the liquidated crypto hedge fund Three Arrows Capital (3AC), according to a report from CoinDesk on Friday. The news was revealed...
Tag: Loans
Total BAYC thefts crack $18.5 million, ‘Ape Now, Pay Later’ loans come for NFTs and more
A Dune analytics platform user has found that more than $18.5 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) nonfungible tokens (NFTs) have been marked as stolen or flag...
BlockchainCom Facing $270M Loss on Loans to Three Arrows Capital
Peter Smith – CEO of crypto exchange platform BlockchainCom – said the fallout from VC firm Three Arrows Capital (3AC) could cause his company to lose $270,000,000. In a letter to shareholders dated J...
Argo Bitcoin Miner Sells 637 BTC to Offset Costs & Outstanding Loans
Argo Blockchain plc, a major global cryptocurrency mining firm, announced Thursday an update of its business operations for June 2022. Argo said it mined 179 Bitcoins in June compared to 124 BTC in Ma...
MakerDAO Votes to Allow $100M DAI Loans to U.S. Bank
Key Takeaways The MakerDAO community has passed a proposal to integrate a U.S. bank into its collateral system. The Huntingdon Valley Bank has a debt ceiling of $100 million. It will be able to borrow...
Cardano NFT Loans Are Now Available for Anyone via NFT-DeFi Bridge
Arman Shirinyan You can now make your non-fungible tokens more liquid by using them as ADA loan collaterals Disclaimer: The opinion expressed here is not investment advice – it is provided for informa...
CZ Says Binance Carry No Loans From Others, Has “The Largest Reserve in Industry” To Carry On Zero BTC Fees
– Advertisement – The Binance founder reassured users that the company has what it takes to continue operating for years. Following the launch of zero-fee Bitcoin (BTC) trading by Binance,...
UK Government Seeks Input on Taxing Crypto Asset Loans and Staking in DeFi – crypto.news
Financial authorities in the United Kingdom are considering methods that can regulate and tax the usage of digital assets. Forging Crypto Adoption In the UK According to a call for evidence issued on ...
Celsius pays off loans for a total of $154 million in Bitcoin
Within two days, cryptocurrency lending company Celsius Network paid off its loans totaling $154.8 million in Bitcoin as the liquidation price dropped yesterday to $2,722.06. Celsius Network and the ...
U.K. Wants Public Views on Taxation of DeFi Loans and Crypto Staking
The United Kingdom (UK) has launched a call for evidence seeking public views on the taxation of crypto-backed loans and staking in the context of decentralized finance (DeFi). The call for evidence ...
Paid off Maker loans, and Celsius got rid of troubles for now, but for how long?
This move of crypto lender Celsius to repay a hefty loan in 143 Million DAI would be a heavy hit to the rumours about the firm being on the verge of insolvency For quite some time now, crypto lending ...
U.K. government seeks input on taxing crypto asset loans and staking in DeFi
Authorities all around the globe, including the government of the United Kingdom, are looking at methods to regulate and tax the usage of digital assets as the crypto industry continues to see exponen...
Celsius pays down 143M in DAI loans since July 1
Celsius (CEL) has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the beginning of the month, signaling that the troubled crypto lending platform was trying to stave ...
Almost a quarter of US investors used loans to buy crypto
A large number of retail investors in the U.S. have taken out loans, often at exorbitant interest rates, to buy cryptocurrencies, and more than half of such investors ended up losing money, according ...
LYOTRADE launches crypto loans to use USDT and win against volatility
The LYOTRADE crypto exchange launches new services to offer loans made with cryptocurrencies. LYOTRADE is part of the LYOPAY ecosystem, a name that is making its way into the fintech industry. With t...
LYOTRADE Launches Crypto Loans – Get USDT and Win Against Volatility
Last Updated on Jun 30, 2022 at 14:42 We have seen the launch of a new service: Loans made with cryptocurrencies. Who is offering this? The LYOTRADE crypto exchange! LYOTRADE is part of the LYOPAY eco...
$4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales – Bitcoin News
Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, wh...
Bloomberg Report Reveals That Miners Are Underwater With Almost $4 Billion In Bitcoin Miner Loans
On Friday, Bloomberg reported that Miners are struggling to repay around $4 billion in loans that are backed by their equipment. The crypto market recently went through one of its rough patches in Ma...
Top Bitcoin Mining Exec Refutes Data On Miner Loans
Jiang Zhuoer, former CEO of BTC.Top, claims the number of bitcoin miners’ loans under risks are far less than reported. He asserts that poor liquidity and lack of institutional support for mining rigs...
Bitcoin Miner Loans Worth Nearly $4 Billion Reportedly in Jeopardy – crypto.news
Analysts in the crypto industry say that more and more Bitcoin miners are having trouble paying back loans they took out against their mining rigs. While only a few miners have actually defaulted on t...
Almost $4 billion in Bitcoin miner loans coming under stress, Bloomberg says
Bitcoin’s decline is making it more difficult for some miners to repay as much as $4 billion in loans that are backed by their equipment, Bloomberg reported on Friday. Analysts say an increasing numbe...
ASIC-Backed Loans Worth $4B in Jeopardy as Prices Tank
Loans taken out by crypto mining companies against mining ASICs are under pressure as ASICs drop in value, making the loans challenging to repay and posing significant risks to lenders. While no ASIC-...
Almost $4 Billion in Bitcoin Miner Loans Are Coming Under Stress
(Bloomberg) — The prolonged slump in Bitcoin is making it more difficult for some miners to repay the up to $4 billion in loans they have backed by their equipment, posing a potential risk to ma...
NFTfi: Non-Recourse Loans through NFTs
June 21, 2022, 10:26AM EDT • 9 min read Quick Take NFTfi is an Ethereum-based P2P lending marketplace where individuals can borrow ETH or DAI against their collateralized NFTs. Total loan volume on NF...
I’m the COO of a mortgage company that’s funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market now
Steve Reich Mortgage rates climbed above 6% last week, according to Bankrate data, with some pros saying they may go higher. (You can see the lowest mortgage rates you may qualify for here.) On top of...
Nexo Review 2020: Fast Cash Loans Backed By Crypto
Nexo is a project that is part of a burgeoning decentralized finance (DeFi) sector that is aiming to replicate and replace a range of financial services that have been offered by more established, and...
Babel Finance Reaches Agreement on Modalities for Repayment of its Loans
Following the halt of its withdrawals amidst its inability to pay its creditors as the crypto market meltdown took a bearish turn in the past few days, Babel Finance has announced measures to ease off...
Voyager Digital obtains loans from Alameda Research to safeguard assets
Crypto brokerage Voyager Digital signed a non-binding term sheet with Alameda Research for a revolving line of credit providing access to further capital, in consideration of current market conditions...
Crypto Broker Voyager Digital Said It Secured Loans from Alameda Research
The returns are to be utilized to shield client resources considering current market unpredictability and provided that such use is required BTC Price at the time of writing – 19,191.27 Notwithstandin...
‘$25 Millions in Loans Against Monkey Pictures’: Arcade Wants You to Collateralize Your NFT
NFT collectors, no longer content with just using their tokens as NFTs as status symbols, are finding a way to leverage their favorite digital art as collateral for loans. One platform that makes this...
What the Fed Rate Hike Means for Your Savings, Credit Cards and Loans
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