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Maker DAO Members Voting on a Safeguard Against BProtocol Flash Loan-Type Attack
30.10.2020
The Maker DAO community is voting on a proposal to harden the protocol's governance structure against flash loan voting
ETH Gobbles Up Larger Share of Genesis Loan Book as Trading Firms Feast on DeFi Summer
30.10.2020
Genesis Trading saw the share of bitcoin in its loan portfolio drop – mainly due to demand for liquidity mining on DeFi protocols
Loan refinancer and BitLiscensee SoFi is clear to launch a national bank in the US
28.10.2020
The new bank will be subject to heightened scrutiny from the OCC for at least three years
Defi Protocol Harvest Finance Hacked for $24 Million, Attacker Returns $2.5 Million
26.10.2020
Decentralized finance (defi protocol) Harvest Finance was hacked on Monday for $24 million. The attacker targeted the protocol’s liquidity pools, performing an arbitrage attack using a large flash loan – a type of uncollatarized loan – but later returned $2.5 million. In seven...
$9 Trillion in Stimulus Injections: The Fed’s 2020 Pump Eclipses Two Centuries of USD Creation
5.10.2020
Since September 2019, research shows the Federal Reserve has pumped over $9 trillion to primary dealers by leveraging enormous emergency repo operations. A recently published investigative report shows the U.S. central bank submits the daily loan tally, but the Fed will not provide the public with...
Judge Orders Bitfinex to Turn Over Tether Loan Documents (Again)
17.9.2020
A New York judge eordered Bitfinex and Tether to turn over financial documents to the New York Attorney General's office, but left the timing to the parties to coordinate
CEX.IO to Offer Instant Cryptocurrency-Backed Lending Service in 217 Countries and Territories
9.9.2020
LONDON, the United Kingdom – CEX.IO, one of the largest international exchanges in the cryptocurrency market, is set to launch a digital asset-backed lending service in September. Available in 217 countries and territories – including Australia, the United Kingdom, the European Union...
NYAG Asks Court for New Order to Make Bitfinex Turn Over Tether Loan Documents
9.9.2020
The New York Attorney General's office wants Tether and Bitfinex to immediately turn over documents detailing a $900 million line of credit
Crypto Borrowing: Here Are Seven of the Best Interest Rates on the Market
9.9.2020
Cryptocurrency is sizing up traditional finance on its legacy turf of lending and borrowing with competitive interest rates (currently as low as 0.44% for ethereum and 4.50% per year for bitcoin) as well as less cumbersome verification procedures. Crypto holders present their virtual assets...
Money Market Protocol Aave Settles $300 Million in Defi Flash Loans
2.9.2020
This weekend the decentralized money market protocol Aave broke records as the community witnessed a massive flash loan of $14 million worth of the stablecoin DAI. So far, the Aave protocol has seen over $300 million in flash loans to-date and this trend doesn’t seem to be abating any time...
Russia’s Expobank Bank Issues Country’s First Crypto-Collateral Loan
19.8.2020
The Russian bank Expobank says it has issued the nation’s first-ever crypto-backed loan – despite the fact that the country has recently introduced a new law that prohibits the use of tokens as a form of payment.
Per a report from media outlet Kommersant, the loan was secured by using tokens issued...
Waves Powers Russia’s First Reported Crypto-Backed Bank Loan
19.8.2020
Russian banks are not waiting for full regulatory clarity to issue crypto loans
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...
UAE Resident Who Took Out $100K Crypto Loan Saved by Ex-Coworkers
19.6.2020
A foreign resident of Abu Dhabi who was potentially facing jail time over an unpaid $100,000 loan received $27,400 in donations after his story spread
MakerDAO Up By 30% After Vote For ‘Real-World’ Loan Collateral
10.6.2020
MKR is up 30% in 24 hours following the MakerDAO community’s vote in favor of introducing tokenized “real-world” assets as collateral for Dai loans
UAE Flight Attendant Faces Jail Over $100K Crypto Loan Default
10.6.2020
A foreign resident of Abu Dhabi is facing jail time after his crypto investments from a $100K loan in 2017 tanked and he can no longer afford the payments
MakerDAO Weighs Accepting Real-World Assets as Crypto Loan Collateral
4.6.2020
Decentralized finance (DeFi) may soon boast a real-world use case as MakerDao considers accepting freight invoices as collateral for DAI loans
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...
Qiwi Co-Founder Reissues $17M TON Investment as Loan to Telegram
16.5.2020
Qiwi co-founder Sergey Solonin has confirmed that he is taking the option to reissue his $17 million investment in Telegram’s TON as a loan, repayable at 110% next April, over an immediate 72% refund
Telegram Forces US Investors to Take 72% Refund and Exit Gram Token Project
5.5.2020
Telegram is now forcing U.S investors to immediately exit its TON blockchain project by accepting a 72% refund on their original investment. The encrypted messaging platform’s unexpected volte-face also disqualifies American investors from the loan option, which promised a 110% refund either...