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Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus
26.5.2020
Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported. Zug finance director Heinz Taennler requested the special funding package in April. He planned to issue out loans...
Uniswap V2 Launches With More Token-Swap Pairs, Oracle Service, Flash Loans
18.5.2020
The headline feature of the new Uniswap will be the ability for anyone to create any pool pair they want, so long as it exists on Ethereum
0 Security Breach. 0 Token Loss.
16.5.2020
BigONE is a global cryptocurrency trading and custody platform founded in 2017, clad in four principles – Integrity, Security, Professionalism, and Win-Win. The exchange has developed comprehensive digital assets trading services. The ecosystem runs the gamut, including both spot and margin...
Ripple Seems to Be Developing a Blockchain-Based Working Capital Loans Product
13.5.2020
A recent job listing at blockchain-based payments firm Ripple indicates that it is working on a working capital loan product
Crypto and Bitcoin Loans: The Best Lending Sites
5.5.2020
What is Bitcoin? Bitcoin is a popular digital currency that has a store value. This currency has the utility to use it as an asset to get loans. Bitcoin works as collateral to issue loans from the bank. The borrower has the choice to select the period for payback as monthly installments or at once....
MakerDAO Takes New Measures to Prevent Another ‘Black Swan’ Collapse
4.5.2020
The DeFi lending market MakerDAO has updated its governance protocols to prevent another occurrence of forced liquidations that lead to huge losses
US Real Estate Market Shudders: Experts Predict 40% Lower Sales, March Contracts Dip by 21%
4.5.2020
According to the National Association of Realtors, pending contracts for property sales dropped by 20.8% in March. Further, the 30-year fixed mortgage interest rate dropped to 3.43%, but a great majority of people are still not interested in buying or renting homes at the moment. Economists predict...
Bitcoin Lender Genesis Global Issues $2 Billion in Loans During Record Quarter
30.4.2020
Genesis Global Trading has reported a 100% jump in new loan originations in the first quarter. The cryptocurrency lender and trading platform added a record $2 billion in new loans in the three months leading to March 2020, up $1 billion from the previous quarter. BTC accounted for 44.8% of...
Dydx Processed $1.1 Billion Cryptocurrency Loans in 12 Months — 70% in Just 60 Days
23.4.2020
Cryptocurrency lender Dydx advanced a total of $1.14 billion in digital asset loans over the past 12 months. But about 70% of the money was borrowed in just two months, February and March, as coronavirus-linked volatility triggered a frenzy of borrowing among investors. Monthly volume remained...
dYdX’s Crypto Loans Hit $1B as Traders Scramble to Capitalize on Coronavirus-led Volatility
23.4.2020
Volatility amid the COVID-19 pandemic has proven attractive to traders
JPMorgan, Bank of America, Wells Fargo Sued Over Trump’s Paycheck Protection Program
22.4.2020
Class action lawsuits have been filed against JPMorgan Chase, Bank of America, Wells Fargo, and U.S. Bank for their alleged unlawful and fraudulent practices in the Paycheck Protection Program. This program is part of President Trump’s $2.2 trillion stimulus package to help small businesses...
Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin
22.4.2020
While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a...
DYdX’s Generates $1B in DeFi Loans Over One Year
20.4.2020
DeFi lending protocol dYdX has processed more than $1.1 billion in loans in its first year of operation
Largest US Banks Expect Billions in Loan Losses, Profits Plunge
19.4.2020
Several of the largest U.S. banks have set aside billions of dollars in reserves as they expect massive losses from loan defaults, sending their profits nosediving. Wells Fargo’s first-quarter earnings fell a whopping 90% while JPMorgan Chase’s profit dropped 70%. Bank of America...
‘Black Thursday’ Liquidations Sparks $28M Lawsuit Against Maker Foundation
15.4.2020
The Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi...
Send on Bitcoin, Receive on Ethereum: Atomic Loans Launches Bitcoin DeFi Solution
14.4.2020
Atomic Loans will allow you to directly use Bitcoin as collateral for a DeFi loan, but most of the infrastructure remains on Ethereum
Homeowners Can’t Pay: US Lenders Prepare for Catastrophic Real Estate Market
3.4.2020
The coronavirus has managed to seep into every facet of the global economy and it seems nothing will escape its financial wrath. During the last two weeks as unemployment levels have skyrocketed in the U.S.; analysts, economists, and wealth managers have been warning about another subprime mortgage...
Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them
27.3.2020
According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners...
Printing Money from Thin Air – How the Fed Reduces Purchasing Power and Makes You Poorer
26.3.2020
Unless you have your head in the sand, you’ve probably realized that governments and central banks can print money out of thin air and in unlimited amounts. The United States and the Federal Reserve have been creating money from nothing for years because they had exhausted all their monetary...
$2 Trillion for Surveillance Capitalism – US Government Promises $1,200 to Every American
25.3.2020
On Wednesday, U.S. Congressional leaders had seemingly come up with a stimulus deal at around 1 a.m. EST. The package will cost upwards of $2 trillion and politicians are promising direct payments of $1,200 per American if they make $75,000 or less. The dollar injection will be the largest...