Opinion
Decentralized routes of lending and borrowing through smart contracts are allowing DeFi finally to overthrow the traditional finance sector.
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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.
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The largest exchange in the U.S. has taken out a loan from Goldman collateralized in Bitcoin as a Wall Street first, paving the way for others to follow.
7373 - News
As of March 31, MicroStrategy held a total of 129,218 BTC, which the firm reported had a carrying value of roughly $2.9 billion.
5686 - News
Weiss analysts are wary of the usage of volatile crypto assets as collateral for long-term property loans.
2469 - News
The amount exploited this year so far surpasses the total amount stolen in all of 2020 and 2021 combined, with the month of March alone beating 2020 by over $200 million.
4058 - News
Goldman Sachs has offered its first Bitcoin-backed loan, showing further signs of increased interest in cryptocurrency from Wall Street institutions.
12102 - News
Cryptocurrency investors now have more options for purchasing property without having to sell their digital assets outright.
3709 - Interview
The story of the 28-year-old engineer who took a loan out against his Bitcoin to pay for his mom’s house.
13636 - Analysis
Cryptocurrency-based loans have grown to be one of the most utilized decentralized finance (DeFi) tools to emerge from the cryptoverse.
8213 - News
Nexo has officially launched its cryptocurrency credit card in collaboration with Mastercard after announcing the project back in 2019.
8174 - News
“Not quite ready” — MicroStrategy CEO Michael Saylor said that traditional financial markets aren’t prepared for bonds backed by Bitcoin.
6826 - News
The price of Bitcoin is $47,806 at the time of publication, making MicroStrategy's current 125,051 BTC holdings worth roughly $6 billion.
6741 - News
The decision by Crypto.com comes just within a month of BlockFi’s $100 million penalties for its lending products, as many speculate regulatory clampdown could be the potential reason behind the decision.
13174 - News
The capital pool promises to enable greater access to finance for traditional corporations and institutions seeking to capitalize on emerging opportunities within the DeFi space.
1975 - News
Harmony's Ecosystem Fund financed Hashstack's solution to improving DeFi lending.
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