There’s a glimmer of hope for the bear market’s most recent victim. Following reports that Celsius is insolvent, Nexo is offering a buy-out. A Nexo representative told Cointelegraph that Nexo is tryin...
Tag: Loans
Inflation has Americans turning to loans, credit cards to cope. Does it pose big risks?
Linda Hampton was already struggling to pay her credit card bills in 2021 because of business expenses. Then soaring inflation pushed her to put everything on credit. She has since been able to trim h...
Buy now, pay later loans make it tough to get a handle on your credit
Payment history often not reported BNPL companies generally don’t report to the credit-scoring companies when consumers use these loans. That makes it a challenge for a lender to know how many l...
Biden open to canceling $10,000 in student loans per borrower — what that means for your budget, credit score and tax bill
If $10,000 vanishes from your student debt, you may want to celebrate. This is a question millions of student loan holders may be facing soon if President Joe Biden proceeds with a controversial plan ...
Biden Has Canceled $25 Billion Of Student Loans, But Student Loan Forgiveness Still Eludes Borrowers
President Joe Biden (Photo by Drew Angerer/Getty Images) Getty Images President Joe Biden has now canceled $25 billion of student loans. Here’s what you need to know — and what it means for your stude...
Biden Cancels $5.8 Billion Of Student Loans
U.S. Secretary of Education Miguel Cardona (Photo by Joshua Roberts/Getty Images) Getty Images The Biden administration announced today that it will cancel $5.8 billion of student loans. Here’s what y...
Binance Loans Adds Cardano (ADA) and Avalanche (AVAX) As Collateral Assets
– Advertisement – Binance has added the two cryptocurrencies in order to expand its loan service to more users. Binance, the world’s largest cryptocurrency exchange by trade volume, has a...
Binance Loans Adds Two Digital Assets As Collateral
Binance has added two digital assets to its Binance Loans platform to cover more registered traders who seek to acquire funds from the platform. The digital assets that have been added are BAL and BAN...
Digital Collectible Owners Continue to Take Loans out Using NFTs as Collateral – Blockchain Bitcoin News
While non-fungible token (NFT) collectibles have become a hot commodity over the last 12 months, a number of NFT owners are taking loans out against their NFTs. This month, a project called Nftfi has ...
Hashstack Shifting the TradFi & DeFi Paradigms with Under-Collateralized Loans – crypto.news
HashStack is aiming to bring a paradigm shift to the traditional finance (TradFi) and decentralized finance (DeFi) ecosystems by making under-collateralized loans accessible to both the unbanked and u...
Student Loans Will Become More Expensive — Here Are The New Rates
President Joe Biden (Photo by NICHOLAS KAMM/AFP via Getty Images) AFP via Getty Images Student loans will become more expensive this year. Here are the new rates. Here’s what you need to know — and wh...
Student Loans May Get Canceled, But More Limits Mean You Might Not Qualify
President Joe Biden (Photo by Ethan Miller/Getty Images) Getty Images Student loans may get canceled, but more limits mean you might not qualify. Here’s what you need to know — and what it means for y...
Luna Foundation Guard Loans $1.5B in Bitcoin, UST to Protect Stablecoin
Drastic times call for drastic measures. And today, the Luna Foundation Guard (LFG), a non-profit supporting all things Terra (LUNA), has voted to lend $1.5 billion in crypto to protect its native sta...
How $50 Million in Loans Nearly Crashed Fantom
Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Last week was a wild one for the speedy, proof-of-stake network Fantom. A large holder of Fantom’s FTM tokens took out a...
Drops DAO launches Mainnet To Allow Borrowing of NFT-collateralized Loans
The mainnet launch opens up the crypto ecosystem to instant decentralized loans using non-fungible tokens (NFTs), JPEG and metaverse assets as collateral. Drops DAO, a decentralized lending platform, ...
U.S. Forgives $6.8 Billion in Public Service Worker Student Loans
(Bloomberg) — The U.S. Department of Education approved about $6.8 billion in student debt relief for more than 113,000 borrowers through adjustments to its Public Service Loan Forgiveness Progr...
From loans to NFTs, Delio Diversifies Ripple Services – crypto.news
The number of Ripple deposits (savings) launched by Delio in March this year indicates customers’ demand for long-term products. In addition to savings products, Cash and stablecoin loans against Ripp...
What the Fed’s Interest-Rate Increase Means for Your Mortgage, Loans, Savings
The Federal Reserve raised its short-term benchmark rate by a half-percentage point on Wednesday, the sharpest increase since 2000, to a range between 0.75% and 1%. Though widely expected, the move wi...
Should Biden Cancel Your Student Loans If You Already Paid Them?
President Joe Biden (Photo by Drew Angerer/Getty Images) Getty Images Should President Joe Biden cancel your student loans if you already paid them? Here’s what you need to know. Student Loans As Bide...
RUNE: Can no-liquidation loans fuel recovery after April’s beat up
Thorchain’s native cryptocurrency RUNE is off to a healthy start this month given that it is already up by roughly 10% in the first two days of May. A refreshing change from RUNE’s heavily bearish per...
Hashstack Launches Open Protocol’s First Under-Collateralized Loans
Decentralized Finance is still in its infancy, with a broader adoption yet to happen. The faith that individuals have in centralized systems is difficult to break, and restoring it in decentralized op...
Digital Banking Rebel Pioneers Leveraging Of Crypto For Home Loans
MIAMI BEACH, FL(Photo by Cliff Hawkins/Getty Images) Getty Images Mortgage rates in the United States are rising quickly, yet a Miami startup is racing to securitize home loans with cryptocurrency. No...
‘It is costing more to survive now.’ I owe $109K in student loans, and the balance keeps going up as the loan servicer ‘continuously tacks on more money.’ With high inflation, how can I even cope with my student loans now?
Unfortunately, it is possible for a loan balance to increase, even as you are making payments. iStock Question: I have student loans in excess of $109k. I am on an income-driven plan but my biggest p...
HashStack Inches Closer to Non-Custodial Under-Collateralized Loans As Open Protocol Hits The Testnet
Decentralized finance is a thriving industry, but there is much room for improvement. The lending segment can benefit greatly from under-collateralized loans. Hashstack brings that option to market as...
Goldman Sachs Is Bringing bitcoin-Backed Loans To Traditional Finance
Lending and borrowing have become words that are associated with Bitcoin. This is the same with traditional finance where lending and borrowing remain a big part of the ecosystem. However, there has n...
Propy Partners with Crypto Lending Platform Abra, Launching Crypto-backed Real Estate Loans
Blockchain-based real estate transaction management company Propy has partnered with digital asset wealth management platform Abra to open up a path to obtain real estate loans with digital assets as ...
Hashstack’s Open Protocol Public Testnet Launched To Offer World’s First Under-Collateralized Loans
Even though Ethereum popularised the provision of Decentralized Finance back in 2017, the space continues to push out innovative offerings even today, some of which are unheard of. This is because th...
Hashstack Finance launches undercollaterised loans through Open Protocol
Decentralised finance exploded onto the scene in 2020 (“DeFi Summer”), as numerous platforms sprung up hoping to disrupt the centralised framework that has governed borrowing, lending and everything i...
Propy partners with Abra to provide crypto-backed real estate loans
Blockchain real estate platform Propy has partnered with Abra to allow customers to obtain home loans using their cryptocurrency holdings, potentially widening the financial use cases of digital asset...
What Should Republicans Do If Biden Forgives Student Loans?
2020 Democratic presidential hopeful former US Vice President Joe Biden speaks during the Women’s … [+] Leadership Forum Conference on October 17, 2019 in Washington DC. (Photo by Eric BAR...