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Crypto Revolut In the US, Loans and Coffee on Blockchain + More News
15.7.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto adoption news
UK-headquartered major fintech Revolut has launched its crypto trading service in the United States via a partnership with...
Investor Charged in US After Obtaining Covid-19 Relief Loan to Trade Cryptocurrency
15.7.2020
The U.S. has charged an investor after he obtained two loans worth over $1.1 million from the Paycheck Protection Program (PPP) intended for covid-19 relief and used some of the money to invest in cryptocurrency. He was taken into custody on allegations he fraudulently obtained the loans. Crypto...
Covid-19 Stimulus: Banks Will Gain $18 Billion in Fees for Processing PPP Relief Loans
15.7.2020
The world’s banking cartel will gather $18 billion in fees for facilitating the settlement of small business Paycheck Protection Program (PPP) relief loans leveraged during the Covid-19 pandemic. The $640 billion in PPP relief loans stem from the CARES Act and allegedly there’s only...
Texas Man’s Alleged Use of PPP Funds for Crypto Instead of BBQ Has Feds Asking ‘Where’s the Beef?’
14.7.2020
Investigators could not find any online reviews, any documented employees or any established bank account for the defendant's purported BBQ company
Compound Tops $1B in Crypto Loans as DeFi Farmers Keep Digging for Yield
13.7.2020
Yield farming continues to push Compound to new heights. On Monday, the lending protocol topped $1 billion in loans issued
DeFi Lending Platform Enables No-Collateral Loans With New Feature
7.7.2020
The Aave decentralized finance protocol new feature lets users borrow money without posting collateral
Blockchain Bites: Crypto’s Bailout Millions, Brazil’s Binance Ban, Lightning’s Bug
7.7.2020
Crypto firms received at least $30 million in government-backed loans, Brazil bans Binance's derivatives trading and Mercedes Benz' parent tests blockchain
ConsenSys, Polychain, Tron, CipherTrace: Blockchain Startups Got $18M+ in US ‘PPP’ Bailout Loans
6.7.2020
At least 45 crypto and blockchain startups, ranging from Bittrex to the Electric Coin Company, received U.S. Paycheck Protection Program loans, new filings show
ConsenSys, R3, Tron, Ciphertrace: Blockchain Startups Got $18M+ in US ‘PPP’ Bailout Loans
6.7.2020
At least 45 crypto and blockchain startups including ConsenSys and Ciphertrace received US Paycheck Protection Program loans, new filings show
Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China
1.7.2020
The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, China. This amount of gold “would be equivalent to 22%...
Blockchain Bites: EY’s Auditing Slip and Bitcoin’s Long Line of Pseudonymous Developers
29.6.2020
Balancer fell victim to a "flash loan" exploit while a shareholders association said EY should have caught Wirecard's multi-billion blackhole earlier
Redditors Hunt Lost Bitcoin Stash, Face Jail Time over Loans
10.6.2020
Crypto folks are having a mixed start to the month, with one man seemingly frustrated in his quest for over USD 5 million worth of missing bitcoin (BTC) – and another looking to stave off the bailiffs as creditors come in search of crypto loan repayments.
A Reddit user who claims he is on the hunt...
Bitcoin DeFi Startup Atomic Loans to Launch Lending This Summer
4.6.2020
Atomic Loans, a provider of non-custodial bitcoin (BTC)-backed loans, has had a “great start” with their borrowing service, while the lending side of the protocol is expected to go live on mainnet in two months, Co-Founder and Chief Technology Officer (CTO) Matthew Black told Cryptonews.com.
The...
Celsius Users Can Now Buy Tether Gold via Debit and Credit Cards
28.5.2020
Celsius users can now purchase Tether Gold via credit and debit cards with a minimum purchase amount of $50
Do Zero-Reserve Loans Make Tether Better Off Backed by Bitfinex Stock?
27.5.2020
With the Federal Reserve now allowing US banks to issue loans with zero reserve, is Tether better off backed by Bitfinex shares than dollars backed by nothing?
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....