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Swiss Bank Offers Clients Crypto Lending Product
18.10.2023
Swiss online bank Dukascopy has introduced a new lending product that enables customers to borrow against their cryptocurrency. The solution allows users to receive 50% of the value of their digital assets in fiat currency while retaining their original crypto investments. Switzerland-Regulated...
US Inflation Climbs to 3.2% in July, Stoking Concerns and Dividing Market Opinions
10.8.2023
The most recent data from the Bureau of Labor Statistics reveals a growingly intricate inflationary scenario for the U.S. economy. Disclosed on Thursday, the Consumer Price Index for All Urban Consumers (CPI-U) exhibited a 3.2% annual increase in July, primarily propelled by housing expenses. This...
Aave Launches GHO Stablecoin on Ethereum Network
17.7.2023
Aave, a prominent lending protocol within the decentralized finance (defi) sphere, has unveiled GHO, a new stablecoin, which is now live on the Ethereum network. Aave users can now mint the stablecoin asset by leveraging Aave version three (v3). Aave’s Dollar-Pegged GHO Token Goes Live...
Record High Credit Card Debt: 55% of Americans Concerned About Repayment as Inflation Pushes Consumers to Credit Reliance
24.6.2023
According to a Newsweek poll conducted by Redfield & Wilton Strategies, 55% of Americans are “very” or “fairly” concerned about paying off credit debt this year. The total credit card balance of Americans is at its highest point since the U.S. Federal Reserve began...
IMF Says Sub-Saharan Africa Already Feeling Effects of the ‘Big Funding Squeeze’
18.4.2023
Countries from the Sub-Saharan Africa (SSA) region face a “big funding squeeze” which is forcing some of them to cut spending on health, education, and infrastructure. According to Abebe Aemro Selassie, people from the region are already “feeling the effects of the funding...
What is fiscal policy, and why does it matter?
25.3.2023
Fiscal policy shapes economies through government spending, taxation and borrowing
Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’
9.3.2023
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the...
Treasury Secretary Yellen Urges Swift Action to Increase Spending Limit, Avert Default on US Obligations
14.1.2023
Janet Yellen, the U.S. secretary of the Treasury, sent a letter to Congress on Friday urging lawmakers to increase the spending limit. Yellen stressed that the country would reach its statutory debt limit on Jan. 19, 2023. She warned that “failure to meet the government’s obligations...
Report Shows Financial Troubles Plagued Bankman-Fried’s Alameda Research as Early as 2018
2.1.2023
Before FTX collapsed it was assumed that Alameda Research was one of the top quantitative trading firms and market makers within the industry. However, much of that perception may have been a facade as a recent report details that Alameda suffered from financial troubles as early as 2018. People...
Maple Finance 2.0 overhaul aimed at speeding up the defaulting process
15.12.2022
The overhaul of the protocol, dubbed "Maple 2.0" comes only weeks after the platform saw two major defaults on the back of FTX's collapse
DefiLlama founder moves to NFT lending to tackle liquidity constraints
10.10.2022
The anonymous creator, 0xngmi, has developed a new protocol allowing users to become liquidity providers for their nonfungible token collections
What is a decentralized money market and how does it work?
6.8.2022
Decentralized money markets function without a custodian, allowing only the original user to withdraw funds deposited by lenders and borrowers
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company
9.7.2022
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius...
Aave to launch overcollateralized stablecoin called GHO
8.7.2022
GHO would allow users to borrow the stablecoin while still learning yield on their locked assets on Aave, however the proposal is just seeking feedback at this stage
Compound Treasury receives B- credit rating from S&P Global Ratings
9.5.2022
Though the protocol offers an arguably lucrative yield of 4% per year, it's only available to accredited investors as of now
Uncollateralized Lending Platform Truefi Reveals $100 Million Single-Borrower Pool Designed for Blockchain.com
25.4.2022
The crypto firm Blockchain.com has revealed it has secured up to $100 million in liquidity from Truefi’s single-borrower pool. The pool will be initially capped at $100 million over the first year and Blockchain.com aims to use the funds to bolster its own “liquidity pools, leverage...
THORChain quietly outperforms crypto market in Q1 — Can RUNE price break $10 next?
15.3.2022
THORChain reveals plans to launch Terra's UST-like native stablecoin and "Thorfi."
British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated
14.1.2022
According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated. Erosion of Privacy British lawmakers have said the use of a central...
‘We want to build Minterest as a fairer financial system,’ says CEO Josh Rogers
18.11.2021
In an exclusive interview with Cointelegraph, Rogers discussed the technology, tokenomics and outlook of the Minterest borrowing and lending protocol
Dutch multinational ING considers entering DeFi lending industry
8.11.2021
The financial services company is only considering non-volatile assets as collateral in its DeFi lending solution that's under development