Search

Nalezeno "0% Loans": 567

Tether attestation shows cash and cash equivalents of 86% as loans decline

31.10.2023
Tether’s newest reserve attestation shows the highest-ever percentage of cash equivalents, with most reserves consisting of U.S. T-bills and repurchase agreements

Tether Reports $3.2B Excess Reserves, but Lags in Reducing Secured Loans

31.10.2023
Tether reported $3.2 billion of excess reserves backing the value of its stablecoins including USDT, according to its Q3 attestation released Wednesday

Egypt Becomes First MENA Country to Issue Chinese Yuan-Denominated Bonds

24.10.2023
Eygpt has reportedly become the first Middle East North Africa (MENA) region country to issue so-called “panda bonds” after it issued Chinese yuan denominated bonds worth $479 million. Issuing panda bonds marks another step in Egypt’s attempts to move away from costly dollar...

'Absolutely Not': FTX's Former General Counsel Says He Never Approved Loans of Customer Funds

19.10.2023
Can Sun testified on day 12 of the Sam Bankman-Fried trial

Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy

14.10.2023
Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans Wouldn’t Be Approved Knowing Alameda Used...

CFTC Sues Former CEO of Crypto Lender Voyager for Fraud

14.10.2023
The U.S. Commodity Futures Trading Commission (CFTC) charged the former CEO of bankrupt cryptocurrency lender Voyager Digital with fraud. The regulator accused Stephen Ehrlich and the company of luring investors with promises of high-yield returns while breaking derivatives rules. Ehrlich was also...

Rise in Chinese Banks Issuing Digital Yuan Corporate Loans

11.10.2023
More Chinese banks are issuing loans in the digital yuan, the nation’s central bank digital currency (CBDC), as e-CNY corporate financing options diversify. Per Nanhai Net (via Hainan News), the latest development has taken place on the island province of Hainan, in the city of Sanya.... Read...

Bankman-Fried’s Defense Targets $300M Loan Interrogations; Ex-CTO Gary Wang Spotlighted

10.10.2023
Attorneys defending ex-FTX chief Sam Bankman-Fried are keen to interrogate the former CTO of the now-dissolved exchange concerning personal loans ranging from $200-300 million, a fresh letter from Cohen & Gresser LLP reveals. Former CTO Gary Wang is set to return to the stand on Tuesday, with...

SBF's Lawyers Seek To Cross-Examine Gary Wang on Counsel’s Involvement in Alameda Loans

10.10.2023
In the ongoing multi-billion fraud trial of the bankrupt FTX exchange, Sam Bankman-Fried (SBF) has blamed lawyers' involvement in structuring the loans issued to FTX co-founder Gary Wang by Alameda Research. As a result, SBF’s lawyers have requested Judge Lewis Kaplan to cross-examine Wang further...

SBF seeks to probe FTX lawyers’ roles in $200M Alameda loans

10.10.2023
Sam Bankman-Fried’s legal team is seeking permission to cross-examine Gary Wang over FTX lawyers' involvement in Alameda loan approvals

Bankman-Fried Seeks to Probe Lawyers’ Involvement in $200M ‘Sham’ Alameda Loans

10.10.2023
The defendant in a multi-billion fraud trial is pressing to blame legal advice, despite judicial reluctance to let him

Tether Denies Links With Alleged Spokeswoman Alex Welch; Blasts ‘Tabloid’ News Outlets

26.9.2023
A controversy surrounding Alex Welch, an alleged spokeswoman of Tether, the company behind USDT, erupted last week as an article in the Wall Street Journal (WSJ) quoted her as a source for information on the company’s loans. However, Tether CTO Paolo Ardoino denied any involvement of Welch...

Tether 2023 stablecoin loans rise despite size-down announcement in 2022

21.9.2023
Tether said the new loans were made on request of some of their long-standing partners and they plan to cut it down to zero by 2024

American Bankers Association States a CBDC Is ‘Unnecessary’ and Presents ‘Unacceptable Risks’ to the US Financial System

16.9.2023
The American Bankers Association (ABA), an organization that represents banks custodying $18 trillion in deposits and processing $11 trillion in loans, believes that issuing a central bank digital currency (CBDC) in the U.S. is “unnecessary” and would introduce “unacceptable...

Aussie fintech prays for crypto clarity as it launches Bitcoin-backed loans

8.9.2023
Block Earner has unveiled a new crypto-backed loan product for the Australian market, amid an ongoing tussle with a federal regulator over its shuttered Earn product

Coinbase Launches Crypto Lending Service for Institutional Investors

8.9.2023
Digital asset exchange Coinbase will be offering cryptocurrency loans to institutions in the United States. With the new service, the leading U.S. crypto trading platform seeks to fill the market gap opened by the collapse of companies like Celsius, Genesis, and Blockfi. Crypto Exchange Coinbase...