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Using a Crypto Loan App to Bring Financial Services to Excluded Groups in Africa
9.8.2021
In much of Africa, many people still lack access to basic financial services for many reasons. One of the reasons is that financial institutions have set standards or thresholds that make it impossible for low-income earners to even open a bank account. Access to soft loans or other forms...
Uncollateralized Lending Platform Truefi Raises $12.5 Million From A16z, Alameda and Blocktower
7.8.2021
Truefi, an uncollateralized loan platform, has raised $12.5 million from three important investors. The token sale was led by Blocktower, a New York-based cryptocurrency investment firm. Other important investors were Alameda Research — owned by Sam Bankman-Fried, founder of FTX —...
Crypto Loans Still Booming, Bitcoin Losing Its Share
4.8.2021
Digital currency prime brokerage Genesis said its new loan originations increased almost 700% year-over-year to an all-time high of USD 25bn in this year's second quarter and were also 60% higher than in the first quarter this year. Also, bitcoin (BTC) is losing its share in their...
Venezuela’s Maduro Wants to Offer Crypto-Based Loans to Agricultural Producers
4.8.2021
Nicolas Maduro, president of Venezuela, stated the country could offer cryptocurrency-based loans to the agricultural sector, in addition to the traditional loans in several fiat currencies. He also stated that Venezuela has worked with petro and other cryptocurrencies for three years, pioneering...
Square to acquire Australian fintech Afterpay in $29B deal
2.8.2021
Square will acquire Australian fintech firm Afterpay in a $29 billion stock deal, expecting to close the transaction in Q1 2022
Nuggets News CEO under fire over alleged unpaid loans and investments
28.7.2021
Popular crypto influencer Alex Saunders is under heavy criticism, with numerous associates levying accusations Saunders owes them significant sums of Bitcoin
Drops Loans Launch on Ethereum Mainnet
16.7.2021
Drops Loans finally made the most exciting announcement of deploying the Drops Loans protocol on the Ethereum mainnet. Drops is the foremost platform of the world for trust-less borrowing of loans against NFT-based assets and NFTs. The protocol shall commence its operation on the Ethereum mainnet...
New York Fed Survey Shows Inflation Expectations Highest Ever Recorded
13.7.2021
American inflation expectations have surged according to the results of the latest New York Federal Reserve Survey of Consumer Expectations. The presumed inflation rate tapped the highest point since 2013 and alongside the forecast of lower purchasing power, consumer debt and fears of a housing...
California Man Arrested for Using Government’s Covid-19 PPP Loan to Buy Cryptocurrency and Tesla
12.7.2021
The U.S. has arrested a man on criminal charges after he allegedly defrauded the government’s Covid-19 loan programs and used the money to buy cryptocurrency and Tesla. Using PPP Loan to Buy Cryptocurrency and Tesla The U.S. Department of Justice (DOJ) announced Friday that Lebnitz Tran...
Argo Blockchain receives $20M Bitcoin-backed loan from Galaxy Digital for Texas mining facility
29.6.2021
The U.K.-based mining firm's announcement comes amid the country's Financial Conduct Authority cracking down on crypto exchanges
Digital bank Anchorage offers Ethereum-backed loans to institutions
4.6.2021
Institutional investors can get USD on credit without liquidating their ETH
Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks
3.6.2021
Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart...
New DeFi ‘passport’ could enable under-collateralized crypto loans
3.6.2021
Arcx has launched a new version of its “DeFi Passport,” Sapphire, promising the pseudonymous on-chain credit check will enable new decentralized finance products
NFT Roundup: Tom Brady’s Autograph Initiative, Topps Digital Baseball Cards, Annoying Orange’s 4K NFT Clip
16.4.2021
The past week has been busier than usual for the NFT ecosystem. Rap stars Jeezy and Riff Raff entered the NFT realm, Hoard introduced its lending platform for NFT-collateralized crypto loans, The Topps Company is dropping its Series 1 Baseball collectibles, super-quarterback Tom Brady is launching...
C.R.E.A.M. launches Iron Bank flash loans, eyes cross-chain capital efficiency
8.4.2021
Iron Bank is ready to re-enter the spotlight after the Alpha Homura hack, and plans are underway to take the lending protocol to new heights
Pantera Capital backs Liquidity Protocol’s $6M Series A funding round
29.3.2021
Liquidity Protocol, which provides interest-free borrowing on the Ethereum network, plans to expand its ecosystem and hire more resources following the latest funding round
Growth hacker uses crypto to help the unhoused
29.3.2021
Giacomo Arcaro distributed more than $20,000 worth of Ether to some of New York City's homeless population last weekend
How BSC DeFi Liquidity Providers Can Grow Their APYs via LP-Collateralized Loans
26.3.2021
The decentralized finance market actively shortens banks worldwide by providing users with friction-free financial instruments usable for imaginable purposes. From crypto-collateralized loans that entail no credit checks or submission of personal data to earning huge APYs by depositing liquidity...
Crypto-collateralized loans may soon bring new investors to space
23.3.2021
"Traditional lending services generally do not exist in the digital currency industry, which means there aren’t many lenders for investors to choose from,” said Jon Melton
No-collateral lending protocol Teller opens public alpha to NFT holders
23.3.2021
Participants of an NFT token sale will be able to use the lending protocol in its early release