Search Results for "loan"
NFT-collateralized Loan Platform Arcade Raises $15M in Series A Financing
Focusing on using NFT as loan collateral, Arcade raised US$15 million in Series A financing which was led by Pantera Capital, Castle Island Ventures, and Franklin Templeton Blockchain Fund.
California Authorities Demand MyConstant Stop Crypto-Lending
The California Department of Financial Protection and Innovation (DFPI) has ordered MyConstant to stop selling many crypto-related products due to state securities law breaches. The company's peer-to-peer loan brokering and interest-bearing crypto asset accounts violate California securities and consumer financial laws.
MacroStrategy Secures Collateral Loan, Worth $205m from Silvergate Bank for Purchasing Bitcoin
MacroStrategy, a subsidiary of US-based MicroStrategy, has shown further interest in continuing buying and holding more Bitcoin. The company closes a $205 million Bitcoin-collateralized loan with Silvergate bank to purchase Bitcoin.
BlockFi Stops Accepting GBTC as Collateral
BlockFi now stops accepting shares in the Grayscale Bitcoin Trust (GBTC) as collateral for loans, showing the impact of liquidation from Three Arrows Capital across the crypto space.
Five Market Makers Nearing Worldcoin (WLD) Loan Settlement Date
The five market makers involved with Worldcoin's liquidity provision are approaching the loan settlement date of October 22. The recent on-chain activities reflect different strategies among these entities, possibly in anticipation of the settlement. The actions of these market makers could influence Worldcoin's market dynamics as the date nears.
Fintech not Big Tech: Square is a Greater Threat to Banks than Google and Amazon
A recent survey of 300 senior executives at US-based mid-sized financial institutions found that more than half of bank and credit union executives view Big Tech companies like Amazon and Google as significant threats to the banking industry. Meanwhile only a third believe financial technology (fintech) firms will be a threat in the future, but are they sleeping on Square, Jack Dorsey’s financial technology venture whose stock price recently recorded a 20 month high.
What is DeFi: The Ultimate Guide to Decentralized Finance Technology
The concept of decentralized finance (DeFi) has become so potent that it is difficult to separate the prospect of blockchain and crypto from the success or failure of DeFi as the ideal alternative to traditional financial systems. Owing to the importance of innovations classified as DeFi to the crypto economy, here are four fundamentals of DeFi.
Depegging of USDC and DAI Saves Borrowers $100 Million
The depegging of USD Coin (USDC) and Dai (DAI) from the US dollar resulted in more than $2 billion in loan repayments on decentralized lending protocols Aave and Compound, with borrowers saving a total of over $100 million. USDC and DAI started heading back toward their peg, and repayment activity tapered off in the following days.
Hacker moves stolen funds after bounty launch
The hacker who stole $196 million from Euler Finance has transferred $1.65 million through Tornado Cash, after a $1 million bounty was launched. Victims pleaded for return of funds, but the hacker's move to a crypto mixer suggests they may not be swayed. On-chain data shows the stolen funds consisted of DAI, USDC, staked ETH and WBTC.
BankProv Stops Offering Loans Secured by Crypto Mining Rigs
BankProv said in an SEC filing that it would no longer lend against crypto mining machines.
Spanish Opposition Party Partido Popular Proposes Bill Allowing Crypto Payment for Mortgage
Spain opposition party- Partido Popular (PP) party has proposed a bill allowing the use of cryptocurrency to pay for mortgage loans.
US-Based Mortgage Firm Permits Homebuyers to Use Crypto Holdings as Collateral
Milo, a financial technology company that reimagines mortgage credit, removes the obstacle for down payments if homebuyers use crypto holdings as collateral for home loans.