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‘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...
Retail Investors Can Now Use Paxos Gold as Collateral Against Loans
25.3.2020
The Nexo platform now allows retail investors to use Paxos Gold tokens as loan collateral
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...
Celsius Network Is Profitable and Resisting Market Downturn, Claims CEO
18.3.2020
Celsius Network founder and CEO Alex Mashinsky noted the Celsius Network’s profitably and resilience amid shaky global markets
Devs Debate Using USDC for Collateral After DAI Stablecoin Faces Liquidity Issues
18.3.2020
Since March 12, the Makerdao community has been struggling with the stablecoin DAI which has been over $4 million undercollaterized since the crypto market carnage started. On March 18, the developers plan to auction newly minted maker (MKR) tokens in order to remove the outstanding debt. However...
ETH Price Strains Defi Collateral Loans as ‘Black Swan’ Event Strikes Makerdao
13.3.2020
The price of ethereum dropping double digits on March 12 sent shockwaves through the decentralized finance (defi) community. Makerdao’s single collateral DAI has been struggling and the low price of ETH has left millions worth of DAI undercollateralized. The defi project’s...
Cannabis Game, Reverse Auction Loans Join Berkeley Blockchain Xcelerator
12.3.2020
A cannabis-themed mass multiplayer game with more than 1,000 users is among the startups being welcomed by UC Berkeley’s blockchain incubator
Figure Technologies Securitizes $150M of Home Equity Loans on Blockchain
11.3.2020
The deal may serve as a showcase for DLT’s benefits to Wall Street at a time when such use cases no longer generate the same buzz as five years ago
Blockchain.Com Now Offers Crypto Lending Service to All Users
10.3.2020
Blockchain.com now allows retail users to borrow Paxos Standard stablecoin against Bitcoin
Crypto Lending Firm BlockFi Adds Support for Wire Transfers to Buy Crypto
10.3.2020
BlockFi’s users can now send wire transfers to purchase digital currencies like Bitcoin, Ether and USD Coin
BitGo Launches Its First Institutional Crypto Lending Service
5.3.2020
Major cryptocurrency firm BitGo launches its first institutional-focused crypto lending service
Crypto Lender Babel Hits $380M in Outstanding Loans
5.3.2020
Chinese cryptocurrency lending startup Babel Finance said it has reached a record of $380 million in outstanding loans as of February
Cryptocurrency Could Kill Bank Lending, Warns Bank of England Deputy Governor
1.3.2020
In the cryptocurrency economy, the supply of credit through the banking system could disappear, warned Bank of England Deputy Governor Sir Jon Cunliffe. That would be a change with “profound economic consequences,” he added, emphasizing the risks from Facebook’s Libra project...
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