Search

Nalezeno "Loans": 583

dYdX’s Crypto Loans Hit $1B as Traders Scramble to Capitalize on Coronavirus-led Volatility

23.4.2020
Volatility amid the COVID-19 pandemic has proven attractive to traders

JPMorgan, Bank of America, Wells Fargo Sued Over Trump’s Paycheck Protection Program

22.4.2020
Class action lawsuits have been filed against JPMorgan Chase, Bank of America, Wells Fargo, and U.S. Bank for their alleged unlawful and fraudulent practices in the Paycheck Protection Program. This program is part of President Trump’s $2.2 trillion stimulus package to help small businesses...

Stablecoins and Crosschain Loans: 2 Projects Attempt to Bring Defi Solutions to Bitcoin

22.4.2020
While decentralized finance (defi) solutions have grown popular on the Ethereum blockchain, developers have recently created similar systems by leveraging BTC’s network. A project called Atomic Loans claims to offer a noncustodial bitcoin-backed stablecoin solution, while Money on chain a...

DYdX’s Generates $1B in DeFi Loans Over One Year

20.4.2020
DeFi lending protocol dYdX has processed more than $1.1 billion in loans in its first year of operation

Largest US Banks Expect Billions in Loan Losses, Profits Plunge

19.4.2020
Several of the largest U.S. banks have set aside billions of dollars in reserves as they expect massive losses from loan defaults, sending their profits nosediving. Wells Fargo’s first-quarter earnings fell a whopping 90% while JPMorgan Chase’s profit dropped 70%. Bank of America...

‘Black Thursday’ Liquidations Sparks $28M Lawsuit Against Maker Foundation

15.4.2020
The Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi...

Send on Bitcoin, Receive on Ethereum: Atomic Loans Launches Bitcoin DeFi Solution

14.4.2020
Atomic Loans will allow you to directly use Bitcoin as collateral for a DeFi loan, but most of the infrastructure remains on Ethereum

Homeowners Can’t Pay: US Lenders Prepare for Catastrophic Real Estate Market

3.4.2020
The coronavirus has managed to seep into every facet of the global economy and it seems nothing will escape its financial wrath. During the last two weeks as unemployment levels have skyrocketed in the U.S.; analysts, economists, and wealth managers have been warning about another subprime mortgage...

Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them

27.3.2020
According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling. Also read: Bitcoin Hashrate Down 45% – Miners...

Printing Money from Thin Air – How the Fed Reduces Purchasing Power and Makes You Poorer

26.3.2020
Unless you have your head in the sand, you’ve probably realized that governments and central banks can print money out of thin air and in unlimited amounts. The United States and the Federal Reserve have been creating money from nothing for years because they had exhausted all their monetary...

$2 Trillion for Surveillance Capitalism – US Government Promises $1,200 to Every American

25.3.2020
On Wednesday, U.S. Congressional leaders had seemingly come up with a stimulus deal at around 1 a.m. EST. The package will cost upwards of $2 trillion and politicians are promising direct payments of $1,200 per American if they make $75,000 or less. The dollar injection will be the largest...

Retail Investors Can Now Use Paxos Gold as Collateral Against Loans

25.3.2020
The Nexo platform now allows retail investors to use Paxos Gold tokens as loan collateral

10 Loan Providers Taking Crypto as Collateral, If You Think the Time Is Right for Hodling

21.3.2020
If you are not ready to part with decentralized money, at a time when prices are relatively low, but need some fiat cash to cover costs in times of crisis, crypto-backed loans are a working solution. A number of platforms offer this type of service and their popularity is growing among...

Celsius Network Is Profitable and Resisting Market Downturn, Claims CEO

18.3.2020
Celsius Network founder and CEO Alex Mashinsky noted the Celsius Network’s profitably and resilience amid shaky global markets

Devs Debate Using USDC for Collateral After DAI Stablecoin Faces Liquidity Issues

18.3.2020
Since March 12, the Makerdao community has been struggling with the stablecoin DAI which has been over $4 million undercollaterized since the crypto market carnage started. On March 18, the developers plan to auction newly minted maker (MKR) tokens in order to remove the outstanding debt. However...

ETH Price Strains Defi Collateral Loans as ‘Black Swan’ Event Strikes Makerdao

13.3.2020
The price of ethereum dropping double digits on March 12 sent shockwaves through the decentralized finance (defi) community. Makerdao’s single collateral DAI has been struggling and the low price of ETH has left millions worth of DAI undercollateralized. The defi project’s...