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Investor Charged in US After Obtaining Covid-19 Relief Loan to Trade Cryptocurrency
15.7.2020
The U.S. has charged an investor after he obtained two loans worth over $1.1 million from the Paycheck Protection Program (PPP) intended for covid-19 relief and used some of the money to invest in cryptocurrency. He was taken into custody on allegations he fraudulently obtained the loans. Crypto...
UAE Resident Who Took Out $100K Crypto Loan Saved by Ex-Coworkers
19.6.2020
A foreign resident of Abu Dhabi who was potentially facing jail time over an unpaid $100,000 loan received $27,400 in donations after his story spread
MakerDAO Up By 30% After Vote For ‘Real-World’ Loan Collateral
10.6.2020
MKR is up 30% in 24 hours following the MakerDAO community’s vote in favor of introducing tokenized “real-world” assets as collateral for Dai loans
UAE Flight Attendant Faces Jail Over $100K Crypto Loan Default
10.6.2020
A foreign resident of Abu Dhabi is facing jail time after his crypto investments from a $100K loan in 2017 tanked and he can no longer afford the payments
MakerDAO Weighs Accepting Real-World Assets as Crypto Loan Collateral
4.6.2020
Decentralized finance (DeFi) may soon boast a real-world use case as MakerDao considers accepting freight invoices as collateral for DAI loans
Swiss Government Rejects $103 Million Bailout for Crypto Companies Battered by Coronavirus
26.5.2020
Switzerland’s government has rejected a 100 million franc ($103 million) bailout for local cryptocurrency companies battered by the coronavirus economy, local media reported. Zug finance director Heinz Taennler requested the special funding package in April. He planned to issue out loans...
Qiwi Co-Founder Reissues $17M TON Investment as Loan to Telegram
16.5.2020
Qiwi co-founder Sergey Solonin has confirmed that he is taking the option to reissue his $17 million investment in Telegram’s TON as a loan, repayable at 110% next April, over an immediate 72% refund
Telegram Forces US Investors to Take 72% Refund and Exit Gram Token Project
5.5.2020
Telegram is now forcing U.S investors to immediately exit its TON blockchain project by accepting a 72% refund on their original investment. The encrypted messaging platform’s unexpected volte-face also disqualifies American investors from the loan option, which promised a 110% refund either...
Bitcoin Lender Genesis Global Issues $2 Billion in Loans During Record Quarter
30.4.2020
Genesis Global Trading has reported a 100% jump in new loan originations in the first quarter. The cryptocurrency lender and trading platform added a record $2 billion in new loans in the three months leading to March 2020, up $1 billion from the previous quarter. BTC accounted for 44.8% of...
Dydx Processed $1.1 Billion Cryptocurrency Loans in 12 Months — 70% in Just 60 Days
23.4.2020
Cryptocurrency lender Dydx advanced a total of $1.14 billion in digital asset loans over the past 12 months. But about 70% of the money was borrowed in just two months, February and March, as coronavirus-linked volatility triggered a frenzy of borrowing among investors. Monthly volume remained...
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...
DeFi Experiment: A Loan Issued With Ethereum Domain Name as Collateral
17.4.2020
NFT-backed loan provider Rocket LP DAO has signed off the first loan in history that for a collateral has only an Ethereum domain name.
In a Medium post, director of operations at Ethereum Name Service (ENS), Brantly Millegan, says that he received the world’s first ENS-backed Non-fungible token...
First Loan Ever Issued With Ethereum Domain Name as Collateral
17.4.2020
Rocket announced their first loan using an Ethereum domain name as collateral
Celsius Lowers Loan Minimum and Introduces Gold on Gold Interest
13.4.2020
Celsius Network has lowered its minimum loan requirements and soon will introduce interest paid out in gold
Uniswap V2 Offers Better Price Feeds and Doubles Down on Flash Loan Concept
24.3.2020
Uniswap wants to improve its price feed’s reliability, but it is also introducing its own version of a flash loan
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...
BlockFi Raises Deposit Rates as Bitcoin Crash Juices Loan Demand
17.3.2020
Market makers and proprietary traders are taking out more crypto loans after the second-largest price drop in bitcoin created a new, more volatile market
Ethereum Locked in DeFi Rises, While Flash Loan Holes Are Being Plugged
10.3.2020
Due to a recent crypto market crash, Ethereum (ETH) locked in DeFi (decentralized finance) is on the rise, while industry players are fixing the flash loan manipulation problem and MakerDAO raises the governance delay.
In early February, total value locked (TVL) in DeFi surpassed USD 1 billion....
That AlphaPoint $5.6M Funding Round? It’s a Loan
6.3.2020
The recent $5.6 million injection of capital into New York-based AlphaPoint came from bridge financing, a short-term business loan, the company confirmed to CoinDesk. But AlphaPoint would not say who made the loan or its terms
Bitfinex Completes Another $100M Loan Facility Repayment to Tether
28.2.2020
Hours after experiencing a major DDoS attack, Bitfinex announces repayment of another $100 million of the loan facility to Tether