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Redditor up 25% after boldly taking out $59K worth of personal loans to buy BTC
1.7.2023
So far they have accrued 2.65 BTC at an average price well under the current level of around $30,000 for 1 BTC
Bitcoin Miner Hut 8 Secures Up to $50M in Loans From Coinbase
26.6.2023
The first $15 million will be drawn shortly after closing the deal, while another $15 million is conditional on closing a merger with peer USBTC
Coinbase Credit lends Hut 8 $50M to support Bitcoin treasury
26.6.2023
The loan will help Hut 8 maintain its dynamic Bitcoin treasury management strategy going into the halving, CEO Jaime Leverton said
Aave proposal to freeze alleged Curve founder's loans draws controversy
15.6.2023
The proposal suggests that a cap should be imposed on the use of CRV as collateral, preventing this wallet address from adding more loans
Someone Flash Loaned $200M From MakerDAO to Make $3 Profit
14.6.2023
An arbitrage bot flash loaned $200 million worth of the dai stablecoin from MakerDAO on Wednesday, making a $3.24 profit after transaction fees
BRICS Bank to Offer More Loans in Local Currencies — President Calls for ‘Diversified Global Currency System’
31.5.2023
The New Development Bank (NDB), aka the BRICS bank, is seeking to offer more loans in local currencies to reduce dependence on the U.S. dollar and avoid foreign exchange risk. “We need to create a diversified global currency system,” NDB’s president stressed, adding: “In the future, it...
Russian Think Tank Profiles BRICS Bank as IMF Counterpart to De-Dollarize Credit Markets
26.5.2023
The Roscongress Foundation, a Russian think tank, has profiled the New Development Bank, known as the BRICS bank, as an alternative to the International Monetary Fund (IMF) in its latest “Decolonization in Energy Markets” report. Nation members could secure loans based on their...
JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’
23.5.2023
JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people “should be prepared for rates going higher from here.”...
Bug in Aave V2 Polygon causes some assets to become stuck in contracts
20.5.2023
The bug only affects the Polygon implementation, and V3 is unaffected
Hunan Province, China, Debuts Digital Yuan Loans for Small Businesses – Another CBDC First?
17.5.2023
Hunan Province, China, has debuted new digital yuan loans for tech startups – with Beijing keen to explore more central bank digital currency (CBDC) financing options.
Per the Changsha Evening News, via JDZ, three startup founders became the first people to be awarded CBDC loans from...
DCG settlement with Genesis still undecided as 30-day mediation period proceeds
10.5.2023
The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation
Coinbase to cease issuing new Bitcoin-backed loans via Borrow service
4.5.2023
The service allows users to borrow up to $1 million with no credit check, provided they post Bitcoin as collateral
Coinbase to Stop Issuing New Loans Via Coinbase Borrow
4.5.2023
May 10 is the final day customers will be allowed to take out new loans through Coinbase Borrow
Blur NFT lending surpasses $16M in loans, led by Matchi Big Brother
2.5.2023
The milestone comes just one day after the protocol's launch on May 1
Charlie Munger Raises Concerns Over Troubled Commercial Property Loans at US Banks
1.5.2023
Charlie Munger, the vice chairman of Berkshire Hathaway, stated in a recent interview that American banks are burdened with poor-quality commercial real estate loans. His comments arrive amid the collapse of three major U.S. banks and the expected seizure of First Republic Bank by the federal...
Winklevoss twins infuse Gemini with personal $100M loan: Report
10.4.2023
The cash infusion reportedly followed Gemini attempting to get funding from outside investors without success
Is a housing crisis underway? Why crypto investors should care
31.3.2023
Cointelegraph analyst and writer Marcel Pechman explains if there is a housing crisis underway and why crypto investors should be paying attention
BlockFi to provide over $100K in refunds to California clients
28.3.2023
At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn't need to, according to court documents
First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B
27.3.2023
According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and loans from SVB, as well as the 17 branches that...
First Citizens to Buy Silicon Valley Bank's Deposits, Loans in $55.5B Agreement With FDIC
27.3.2023
Federal Deposit Insurance Corporation says the 17 former branches of Silicon Valley Bank will re-open as First Citizens Bank & Trust Company on Monday, March 27