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Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs
17.12.2021
On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ethereum for instant funds, Nexo is offering instant liquidity to NFT holders that...
Kenya Based Fintech Kwara Raises $4 Million in Seed Round
13.12.2021
A Kenya based fintech, Kwara has raised $4 million in a seed round that was led by Breega VC firm. The funds will be used to create an app that allows members of credit unions to access financial services. The Rising Demand for Financial Services by Credit Union Members Kwara, a Kenyan fintech that...
Bitcoin adoption won’t affect IMF talks, says El Salvador’s top central banker
19.10.2021
The country’s central bank chief does not see the recent Bitcoin adoption move hampering plans to secure an IMF loan
Argo Blockchain secures $25M Bitcoin-backed loan from Galaxy Digital
10.9.2021
The Bitcoin mining giant has entered into another BTC-backed loan agreement with Galaxy Digital as it pursues further operational expansions
Using a Crypto Loan App to Bring Financial Services to Excluded Groups in Africa
9.8.2021
In much of Africa, many people still lack access to basic financial services for many reasons. One of the reasons is that financial institutions have set standards or thresholds that make it impossible for low-income earners to even open a bank account. Access to soft loans or other forms...
Unique Bitcoin-backed home loan refinancing deal in California
29.7.2021
Glen Oaks Escrow has made its first BTC-backed refinancing of a property in San Diego
Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks
3.6.2021
Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart...
Binance Smart Chain Faces yet Another Flash Loan Attack: Belt Finance Loses $6.3 Million
31.5.2021
Belt Finance, a Binance Smart Chain-based decentralized lending protocol, lost $6.3 million in a flash loan attack last week. The attackers took advantage of a series of inefficiencies in the smart contract to manipulate the price of the set and obtain profit from a series of transactions. This...
Belt Finance loses millions in latest BSC-based DeFi exploit
31.5.2021
Another day, another BSC DeFi protocol gets hacked
BSC Defi Protocol Burgerswap Loses $7.2 Million from a Flash Loan Attack
29.5.2021
Another Binance Smart Chain project has been hit with a flash loan attack according to a post mortem written by the Burgerswap team. The project’s official Twitter account said at around 3 a.m. on Friday, Burgerswap suffered from a flash loan attack with the hackers stealing $7.2 million...
Flash Loan Attacks Drain 2 Binance Smart Chain Defi Projects for $6 Million
25.5.2021
There have been two back-to-back flash loan attacks in a short period of time stemming from two unique Binance Smart Chain decentralized finance (defi) projects. Last Wednesday, the yield-farming platform Pancakebunny lost close to $3 million in a flash loan attack according to reports....
The Flash Mint is here: WETH10 turbocharges the flash loan concept
5.3.2021
The newest Wrapped Ether has an extensive list of improvements, including the anticipated flash mint feature
Cream Iron Bank Flash Loan Attack: Markets Re-Enabled While Asset Borrow Is Paused
16.2.2021
Following the Cream Iron Bank flash loan attack, preliminary findings of a probe have shown that contracts and markets still function normally. As a result, markets have now been re-enabled while the asset borrowing function has been paused. The Cream team also reveals that investigations...
DeFi Protocols Cream Finance, Alpha Exploited, $37.5M Lost: ‘Prime Suspect’ ID’d
13.2.2021
Alpha Finance says the "loophole" has been patched
Pioneering Aussie engineer refinances home loan using DeFi in a single day
3.2.2021
After hitting a wall with banks, a borrower has turned to DeFi to pay off his mortgage
CEX.IO LOAN Experiences Massive Institutional Demand With Over $100 Million of Loan Requests
1.2.2021
PRESS RELEASE. Crypto-backed lending service CEX.IO LOAN that launched in October 2020 in select global jurisdictions, has been experiencing major demand, receiving over $100 million worth of loan requests to date. While the service has been widely popular among retail investors, most of...
Origin Protocol begins accepting compensation claims following $7M exploit
20.1.2021
Co-founder Josh Fraser said he hopes the compensation plan will help build trust among users as the project moves forward
US Regulator Sues Crypto Hedge Fund Founder — $25 Million in Digital Assets to Be Frozen
26.12.2020
The U.S. Securities and Exchange Commission has filed a lawsuit against a cryptocurrency hedge fund founder for fraud. The regulator is seeking an emergency order freezing $25 million in digital assets held by a crypto hedge fund he controls. Crypto Hedge Fund Founder Sued in the US The U.S....
After exploit, Warp Finance compensation plan takes promising strides
20.12.2020
In a promising sign for the DeFi space, another project devotes itself to complete user compensation following an exploit
Warp Finance reportedly loses up to $8M in flash loan attack
18.12.2020
The latest DeFi incursion involves flash loans ... again