Search
Secured Finance Launches The First Crypto Bond Market
22.12.2023
PRESS RELEASE. December 22nd 2023 – Secured Finance, a pioneering decentralized finance (DeFi) platform, is reshaping the cryptocurrency landscape with its innovative approach to lending and borrowing. Using novel architecture, Secured Finance has announced the launch of the first crypto...
India's Central Bank Launches Wholesale CBDC Pilot For Inter-Bank Borrowing
20.10.2023
The Reserve Bank of India has initiated a wholesale Central Bank Digital Currency (CBDC) pilot program for inter-bank borrowing.
The central bank had earlier announced its plans to test the wholesale CBDC, with the pilot now underway as of October. RBI’s executive director Ajay Kumar Choudhary...
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 Should Block Curve Token Borrowing, Risk Management Firm Proposes
2.8.2023
An ongoing crisis situation stemming from a large curve token collateral can be prevented by pausing all borrowing activity, Gauntlet argued in a Wednesday protocol
Traders Pile Into CRV Shorts Amid Concerns Over Curve Founder's Collateralized Borrowing
1.8.2023
Traders pile into short positions in the perpetual futures market as potential liquidation of founder's crypto borrowing may destabilise the broader decentralized finance ecosystem
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...
Economist Peter Schiff Warns of US Dollar Crisis and ‘Catastrophic End’ — National Debt Will ‘Spiral out of Control’
2.6.2023
Economist Peter Schiff has warned of an impending U.S. dollar crisis. He predicted that with the new debt ceiling deal, “reckless government spending and borrowing will continue until a sovereign debt and U.S. dollar crisis bring it to a catastrophic end.” Peter Schiff’s Latest...
TrueUSD's Borrowing Rates Jumped to 100% as TUSD Soared to $1.20: Kaiko
3.5.2023
Traders shorted TUSD to capture a 20% upside for the token’s intended $1 peg
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...
Unbound Finance Will Soon Allow Stablecoin Borrowing Against Uniswap LP Positions on Arbitrum
3.4.2023
With Unbound, Uniswap V3 LPs can borrow Unbound’s stablecoin, UND, interest-free, secured against their concentrated liquidity positions
What is fiscal policy, and why does it matter?
25.3.2023
Fiscal policy shapes economies through government spending, taxation and borrowing
Decentralized Borrowing Protocol Liquity’s LQTY Token Soars Amid USDC Chaos
14.3.2023
The price increase of LQTY comes amid heightened interest in stablecoins following the depegging of USD Coin and the shutdown of several crypto-friendly banks
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...
Aave Advances Plan to Nix Borrowing, Lending of Binance’s BUSD Stablecoin
9.3.2023
Crypto borrowing and lending platform Aave is moving closer to offboarding Binance's troubled stablecoin BUSD
DeFi Protocol Tender.fi's TND Token Plunges 34% as Protocol Pauses Borrowing
7.3.2023
TND, the native token of decentralized finance (DeFi) protocol Tender.Fi, has slumped by 34% after the platform announced that it paused borrowing on Tuesday
Decentralized Lending Protocol Clearpool to Start Institutional Borrowing Platform
6.2.2023
Clearpool Prime is set to begin operations in the first quarter of this year
Tether CTO denies borrowing from bankrupt lender Celsius
1.2.2023
Celsius bankruptcy report by court-appointed examiner Shoba Pillay either has a typo or a “mis-characterization,” Tether CTO stated
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...