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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...
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...
DeFi Experiment: A Loan Issued With Ethereum Domain Name as Collateral
17.4.2020
NFT-backed loan provider Rocket LP DAO has signed off the first loan in history that for a collateral has only an Ethereum domain name.
In a Medium post, director of operations at Ethereum Name Service (ENS), Brantly Millegan, says that he received the world’s first ENS-backed Non-fungible token...
First Loan Ever Issued With Ethereum Domain Name as Collateral
17.4.2020
Rocket announced their first loan using an Ethereum domain name as collateral
Celsius Lowers Loan Minimum and Introduces Gold on Gold Interest
13.4.2020
Celsius Network has lowered its minimum loan requirements and soon will introduce interest paid out in gold
Uniswap V2 Offers Better Price Feeds and Doubles Down on Flash Loan Concept
24.3.2020
Uniswap wants to improve its price feed’s reliability, but it is also introducing its own version of a flash loan
10 Loan Providers Taking Crypto as Collateral, If You Think the Time Is Right for Hodling
21.3.2020
If you are not ready to part with decentralized money, at a time when prices are relatively low, but need some fiat cash to cover costs in times of crisis, crypto-backed loans are a working solution. A number of platforms offer this type of service and their popularity is growing among...
BlockFi Raises Deposit Rates as Bitcoin Crash Juices Loan Demand
17.3.2020
Market makers and proprietary traders are taking out more crypto loans after the second-largest price drop in bitcoin created a new, more volatile market
Ethereum Locked in DeFi Rises, While Flash Loan Holes Are Being Plugged
10.3.2020
Due to a recent crypto market crash, Ethereum (ETH) locked in DeFi (decentralized finance) is on the rise, while industry players are fixing the flash loan manipulation problem and MakerDAO raises the governance delay.
In early February, total value locked (TVL) in DeFi surpassed USD 1 billion....
That AlphaPoint $5.6M Funding Round? It’s a Loan
6.3.2020
The recent $5.6 million injection of capital into New York-based AlphaPoint came from bridge financing, a short-term business loan, the company confirmed to CoinDesk. But AlphaPoint would not say who made the loan or its terms
Bitfinex Completes Another $100M Loan Facility Repayment to Tether
28.2.2020
Hours after experiencing a major DDoS attack, Bitfinex announces repayment of another $100 million of the loan facility to Tether
The DeFi ‘Flash Loan’ Attack That Changed Everything
27.2.2020
Flash loan attacks are here to stay and are likely to get more serious. DeFi needs to adapt, says a leading crypto VC
Celsius Doubled Its Total Paid Crypto Loan Interest Since November
24.2.2020
Crypto lending platform Celsius continues to grow its user base, and has doubled its total paid interest since late last year
Are the BZx Flash Loan Attacks Signaling the End of DeFi?
22.2.2020
Recent attacks on the lending platform bZx have left faith in DeFi shattered, but what actually happened? And can the sector bounce back?
Everything You Ever Wanted to Know About the DeFi ‘Flash Loan’ Attack
19.2.2020
Here's a plain-English breakdown of the bZx attacks and their broader implications for the budding DeFi markets
The Flash Loan Attacks Explained (For Everybody)
19.2.2020
Today we're breaking down the flash loan attacks that rocked the DeFi community in a way even your grandpa can understand, presented in both audio and full-text format
What Attracts A Potential Borrower To A Particular Loan Company?
18.2.2020
Loan companies can arguably save you when you are in a financial crisis situation. As a potential borrower, you have to weigh your options carefully and study each of the terms and guidelines of each loan company so you can get the most out of your loaning experience. Since there is a multitude...
Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
18.2.2020
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget...
Genesis Crypto Lending Firm Hits New Record in Loan Originations in Q4 2019
31.1.2020
Cryptocurrency lending firm Genesis closed the fourth quarter of 2019 with a historic high in loan originations