Loans Financial News
05.08 / 04:45
business
Banks
banking
Loans
Customers
Voyager received better buy-out offers than FTX’s, set to return $270M to customers
Beleaguered crypto lender Voyager Digital Holdings says it has received a number of “higher and better” buy-out offers than that offered by AlamedaFTX back in July, contrary to the investment firm's continued public statements.
03.08 / 19:21
business
Blockchain
Loans
Chinese municipal bank issues first-ever digital yuan loan using intellectual property as collateral
As reported by local news outlet Sohu, on Wednesday, the Agricultural Commerce Bank of Zhangjiagang, located in China's Suzhou province, announced that it had issued a 500,000 digital yuan (e-CNY) loan with intellectual property backing it as collateral. The loan was issued via unanimous approval by the city's consumer markets regulator, financial markets regulator and municipal officials.
10.07 / 07:27
business
Loans
Bankruptcy
Lost
Investors lament potentially lost ‘millions’ on Voyager bankruptcy
Many Investors are reeling from Voyager Digital’s recent bankruptcy filing, with some claiming to have either ‘millions’ worth of crypto assets or most of their life savings locked on the crypto exchange.
08.07 / 20:17
business
Stablecoin
Tether
Loans
Tether liquidates Celsius position with ‘no losses’ to stablecoin issuer
Tether’s Bitcoin (BTC)-denominated loan to Celsius Network has been fully liquidated without a loss, easing concerns that the stablecoin issuer may have oversized exposure to the embattled crypto lender.
08.07 / 09:27
Blockchain
Fraud
Loans
Nifty News: Total BAYC thefts crack $18.5 million, “Ape Now, Pay Later” loans come for NFTs and more
A Dune analytics platform user has found that more than $18.5 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) Nonfungible tokens (NFTs) have been marked as stolen or flagged for suspicious activity on Opensea to date.
06.07 / 05:49
business
defi
lending
Loans
MakerDAO voting on collaborating with a traditional bank
MakerDAO is voting on a proposal that will bring a traditional bank into its ecosystem for the first time, allowing the bank to borrow against its assets using decentralized finance (DeFi).
05.07 / 00:07
business
goldman sachs
Loans
Bitcoin Price
Celsius pays down 143M in DAI loans since July 1
Celsius (CEL) has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the beginning of the month, signaling that the troubled crypto lending platform was trying to stave off a complete collapse amid credible rumors of insolvency.
02.07 / 00:11
business
Loans
Withdrawals
Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default
Cryptocurrency exchange Voyager Digital announced Friday that it was temporarily suspending trading, deposits, withdrawals and loyalty rewards. “The failure of a borrower, Three Arrows Capital, to repay a substantial loan from us makes this the right path forward,” Voyager Digital CEO Stephen Ehrlich said on Twitter soon after the service suspension went into effect.
30.06 / 08:55
business
Blockchain
Wall Street
Loans
Contagion: Genesis faces huge losses, BlockFi's $1B loan, Celsius's risky model
It’s been another day of watching the ripples of contagion spread through the crypto market.
29.06 / 20:33
business
Citi
Loans
Backed
Citi calls out potential risks of crypto-backed mortgages and benefits of metaverse property
Investment banking giant Citigroup has released research on how property technology could affect the housing market, mentioning virtual estate in the metaverse and cryptocurrency-backed mortgages.
21.06 / 20:31
17.06 / 06:51
Stablecoin
Tether
Scams
Loans
Inverse Finance exploited again for $1.2M in flashloan oracle attack
Just two months after losing $15.6 million in a price oracle manipulation exploit, Inverse Finance has again been hit with a flashloan exploit that saw the attackers make off with $1.26 million in Tether (USDT) and Wrapped Bitcoin (WBTC).
13.06 / 20:47
markets
Loans
Bitcoin
Bitcoin derivatives
Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions
Bitcoin (BTC) lost the $28,000 support on June 12 following worsening macroeconomic conditions. The United States Treasury 2-year note yield closed on June 10 at 3.10%, its highest level since December 2007. This shows that traders are demanding higher rates to hold their debt instruments and expect inflation to remain a persistent challenge.
04.05 / 01:03
business
Investments
Loans
Bitcoin
Future
Holdings
MicroStrategy may explore 'future yield generation opportunities' on 95,643 BTC holdings
Business intelligence firm MicroStrategy said it will consider opportunities for yield generation on 95,643 “unencumbered” Bitcoin (BTC) held by its subsidiary MacroStrategy.
03.05 / 04:55
Hackers
security
Scams
Loans
More than $1.6 billion exploited from DeFi so far in 2022
The decentralized finance (DeFi) space has been rife with hacks, exploits, and scams so far this year with over $1.6 billion in crypto stolen from users, surpassing the total amount stolen in 2020 and 2021 combined.
28.04 / 16:09
business
Real Estate
Loans
ABRA
Backed
Propy partners with Abra to provide crypto-backed real estate loans
Blockchain real estate platform Propy has partnered with Abra to allow customers to obtain home loans using their cryptocurrency holdings, potentially widening the financial use cases of digital assets.
28.04 / 12:09
Adoption
Investments
Loans
Bitcoin
Home sweet hodl: How a Bitcoiner used BTC to buy his mom a house
There’s a special bond between mothers and their sons. For pseudonymous Alan, a 28-year-old engineer, a Bitcoin (BTC) loan helped his mom to buy a house.
24.04 / 17:37
business
Blockchain
Loans
Looking to take out a crypto loan? Here’s what you need to know
Loans based on cryptocurrencies have become a mainstay of the decentralized finance (DeFi) universe ever since the smart contract-based lending/borrowing platforms began offering the service to crypto users. The Ethereum network, the first blockchain that scaled the smart contract functionality, sees most of the total value locked (TVL) on DeFi protocols dominated by cryptocurrency lending platforms.
01.04 / 06:58
29.03 / 20:27
business
Loans
Buy
Bitcoin
MicroStrategy subsidiary will purchase Bitcoin after closing $205M crypto-collateralized loan
MacroStrategy, a subsidiary of business intelligence firm MicroStrategy, said it will purchase Bitcoin after obtaining a multimillion dollar loan from Silvergate Bank.
09.03 / 12:53
regulation
SEC
Loans
week
Crypto.com gives users in excluded countries one week to repay loans
Crypto.com is reportedly giving users from countries restricted from its loan program until March 15 to repay their crypto loans.
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