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Jimbos Protocol hacked for over $7.5 million using flash loan exploit
29.5.2023
Shortly after it fell victim to a hack, Arbitrum-based Jimbos Protocol has decided to seek the help of security researchers and on-chain analysts who collaborated on investigating similar attacks which targeted protocols such as Euler Finance and Sentiment....
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Blur Dominates NFT Lending Market With 82% of All Loan Settlements Across the Sector, Dappradar Study Reveals
27.5.2023
A recent study by Dappradar discloses the May loan volumes for non-fungible tokens (NFTs) reached a high of $375 million. The findings emphasize the significant influence of Blur within the NFT lending market, as the NFT marketplace platform constitutes 82% of the entire value settled in the...
Binance Launches Non-fungible Token (NFT) Loan Feature
26.5.2023
Many crypto service providers have accelerated efforts to expand their offerings and revenue streams and increase their user base.
According to an announcement, the largest crypto exchange by trading volume, Binance, has added a non-fungible token (NFT) loan feature to its services.
The...
Binance Launching NFT Loan Feature
25.5.2023
The tool, launching on Friday, will initially support Ethereum loans and NFTs from Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki and Doodles collections
Getting a home loan using crypto collateral: Insane or just risky?
25.5.2023
You can use crypto as collateral to get a home loan — but as one Bitcoin OG found out, it’s super risky and you can lose the lot
US Justice Department on the hunt for DeFi hackers and thieves: Report
15.5.2023
The US Justice Department’s top crypto cop said that it was a “pretty significant issue” given the rise of North Korean “state-sponsored hackers.”
Coinbase to Cease New Loan Issuance Through Bitcoin Borrow Service
4.5.2023
Global crypto giant Coinbase has announced plans to shutter its loan services.
Effective May 10, Bloomberg reports, Bitcoin-backed loans will cease to be available to customers.
The exchange emphasized a focus on prioritizing offerings of utmost importance to clientele, resulting in continuous...
7 potential use cases of chatbots in banking
4.5.2023
chatbots can offer a convenient and accessible way for individuals to manage their personal finances, fraud prevention and more
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
ByBit joins crypto exchanges offering crypto lending services
2.5.2023
Dubai-based cryptocurrency exchange ByBit rolls out cryptocurrency lending service, joining a handful of major exchanges that offer interest-bearing lending facilities
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...
First Republic’s crisis is not an isolated incident - suggests JPMorgan exec
30.4.2023
The CIO of JPMorgan Asset Management said it’d be “naive to say that this is just limited to First Republic.”
DeFi Protocol 0VIX Loses Nearly $2M in Flash-Loan Exploit
28.4.2023
Decentralized finance (DeFi) protocol 0VIX has lost $2 million in a flash loan exploit, according to on-chain data
Crypto Biz: Global AI race ramps up, Winklevoss $100M loan to Gemini, and more
14.4.2023
Recent days have seen new players emerge in the race for artificial intelligence, with business giants announcing AI initiatives
Alameda to Be Repaid $53M Deltec Loan, Delaware Bankruptcy Court Says
12.4.2023
The 2021 payment to Deltec International was originally approved by FTX's Ryan Salame
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
US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’
9.4.2023
The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla...
Allbridge to first begin repaying stuck bridge users after recouping funds
5.4.2023
The compensation process is expected to start next week, starting with users who had funds on the bridge “shortly before the shutdown.”
TMS Network leaves Cardano & Stacks behind: The champion amidst Teller’s V2 fixed-term loan launch
4.4.2023
Teller, a DeFi protocol, is launching its V2 iteration, offering fixed-term loans without liquidation risk from falling prices. However, Teller V2 is a double-edged sword that can cut both ways for Blockchain providers Cardano (ADA) and Stacks (STX), with prices either rallying or crumbling...