Search
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
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
NFT investor accidentally burns $135k CryptoPunk trying to borrow money
25.3.2023
While going through the unfamiliar process of wrapping NFTs, Riley accidentally sent the asset to a burn address, permanently deleting the NFT from circulation
Australian Banking Association’s cost of living inquiry reveals bank pressure
20.3.2023
An analysis of the rising inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar shutdown if depositors decide to withdraw all funds
9 key metrics to analyze the health of a bank
16.3.2023
Discover nine crucial metrics to analyze bank health: equity, ROA, ROE, NPLs, CAR and more
Authorities in France Arrest Duo Involved in Platypus Exploit
27.2.2023
Flash loan exploit drained protocol of over $9 million in assets and knocked Platypus USD (USP) off its peg
Yield platform Stablegains sued for promoting UST: Finance Redefined
24.2.2023
DeFi market saw another exploit this past week on the Platypus protocol, resulting in a loss of over $8 million
Platypus attack exploited incorrect ordering of code, auditor claims
17.2.2023
The misordered lines caused a solvency check to be performed before the user’s amount, factor, and rewardDebt had been set to zero
USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack
16.2.2023
The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockchain security firm CertiK
Bitfarms settles outstanding loan with BlockFi for $7.75M
9.2.2023
The Toronto-based Bitcoin mining company has reduced its debt by nearly 85% since June 2022
Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs
31.1.2023
The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1), Bankprov stated that revenue from its digital asset loan...
We Must Expedite the Move From Centralized Services to Viable DeFi Alternatives
23.1.2023
There is a reason centralized exchanges have dominated despite being antithetical to crypto’s core tenets. The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis. The gross mismanagement and outright fraud in 2022 by many opaque centralized exchanges are driving people back...
Binance Launches Off-Exchange Settlement Solution ‘Binance Mirror’ for Institutional Clients
16.1.2023
The largest crypto-asset exchange by global trade volume, Binance, announced that its custody business has launched an off-exchange settlement solution for institutional clients. With this solution, institutions can lock a specified amount of crypto with a qualified cold storage wallet, and assets...
Bitfarms seeks to modify loan facility with BlockFi as bear market drags on
13.1.2023
“During 2022, Bitfarms began taking proactive actions to increase financial flexibility and to reduce indebtedness and capital expenditure obligations,” according to CFO Jeff Lucas
Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas
29.12.2022
After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement. The following day, on Dec. 28, 2022, Argo detailed it is selling its Helios facility to Galaxy Digital...
SBF borrowed $546M from Alameda to fund Robinhood share purchase
28.12.2022
An affidavit by the FTX founder revealed Alameda funded the purchase of Robinhood shares which were later used as collateral for Alameda to secure a loan from BlockFi