News
The country’s central bank chief does not see the recent Bitcoin adoption move hampering plans to secure an IMF loan.
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Loans News
Loans are certain amounts of money given by an individual, organization or government to the another entity. The recipient is usually obliged to return the loan with additional interest. Loans are one of the driving forces of current economies and a crucial part of the financial sector. Loans can take various forms and may include loans in goods, fiat money loans, cryptocurrency loans, etc. The practice of crypto loans is new and has its flaws, mostly connected to the high volatility and technical difficulties inherent to cryptocurrency. However, Bitcoin (BTC) loans are already available in several BTC loan sites, some of which provide a rather quick Bitcoin loans procedure. Cryptocurrency loans may become the new standard for receiving loans — due to the high speed of transaction, the trusted distributed ledger and inclusion of information technologies.
- NewsTether fires back against report it is using reserves for investments and making crypto-backed loans
"If those loans fail, even a small percentage of them, one Tether would become worth less than $1," said Bloomberg reporter Zeke Faux.
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"We remain optimistic that we are well positioned to scale our hash rate to 13.3 EH/s by the middle of 2022,” said Marathon Digital CEO Fred Thiel.
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The Bitcoin mining giant has entered into another BTC-backed loan agreement with Galaxy Digital as it pursues further operational expansions.
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Speaking during a conference call about the firm’s Q2 results, United Wholesale Mortgage CEO Mat Ishbia outlined plans to accept crypto payments this year.
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Controversial crypto influencer Alex Saunders is making headlines again, with followers claiming he raised $57,000 in NFTs from them to launch a virtual community headquarters that hasn’t materialized.
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Square will acquire Australian fintech firm Afterpay in a $29-billion stock deal, expecting to close the transaction in Q1 2022.
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This DeFi platform is planning to accept NFTs as collateral — allowing borrowers to unlock liquidity from their crypto collectibles.
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The U.K.-based mining firm's announcement comes amid the country's Financial Conduct Authority cracking down on crypto exchanges.
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Passive hodlers can miss out on big opportunities to make their crypto work for them. This platform wants to change that.
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Arcx has launched a new version of its “DeFi Passport,” Sapphire, promising the pseudonymous on-chain credit check will enable new decentralized finance products.
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Liquity Protocol, which provides interest-free borrowing on the Ethereum network, plans to expand its ecosystem and hire more resources following the latest funding round.
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Giacomo Arcaro distributed more than $20,000 worth of Ether to some of New York City's homeless population last weekend.
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"Traditional lending services generally do not exist in the digital currency industry, which means there aren’t many lenders for investors to choose from,” said Jon Melton.
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DeFi and CeFi both have pros and cons when it comes to earning yield on digital assets — but this crypto asset management app says it offers the best of all worlds.
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