Tag: Loans
BankProv Stops Offering Loans Collateralized With Crypto Mining Machines
The crypto-friendly bank wrote off $47.9 million in loans, primarily mining rig-collateralized debt.
www.coindesk.com [...]
Adverse EU ruling on FX loans won’t jeopardize Bank Millennium recovery plan
Hundreds of thousands of Poles, who borrowed in Swiss francs due to its lower interest rates, are now paying far bigger installments than expected as [...]
BlockFi to sell $160M in Bitcoin miner-backed loans: Report
Bankrupt crypto lending firm BlockFi has plans to sell off $160 million in loans backed by around 68,000 Bitcoin mining machines as part of bankruptcy [...]
No ‘respite’ for exploits, flash loans or exit scams in 2023: Cybersecurity firm
The new year is a fresh start for malicious actors in the crypto space and 2023 won’t likely see a slowdown in scams, exploits and hacks, according to [...]
Fed rate hike pushes business loans over 10% for first time since 2007
With the Federal Reserve's latest rate hike adding half a percentage point to the cost of debt capital and reaching its highest level in 15 years, the [...]
Tether to reduce secured loans to zero in 2023 amid battle against FUD
The world’s largest stablecoin issuer, Tether, has pledged to eventually stop the practice of lending out funds from its reserves, saying it is “missi [...]
Walmart fintech startup One to launch buy now, pay later loans
A Walmart-backed startup is looking to compete with buy now, pay later companies.The venture, called One, is gearing up to launch its own version of t [...]
Crypto Markets Today: Exposed Alameda Research Loans to Media Site The Block and Its CEO Adds to FTX’s Miseries
The fallout from crypto exchange FTX’s implosion continued as data showed the GBTC discount rate to bitcoin hitting a record high. Crypto Markets Toda [...]
CEO of crypto news site The Block resigns for failing to disclose $27M loans from Alameda Research
Bobby Moran of crypto news website the Block has announced he will be assuming the position of chief executive officer following the resignation of Mi [...]
Crypto Audit Platform Sherlock Expects $4M Loss From Troubled Loans on Maple Finance As FTX Contagion Grows
Orthogonal Trading’s insolvency, triggered $31 million of loans in the credit pool to default this week. The bad debt represents 80% of the credit poo [...]
Genesis Creditor Groups’ Loans Amount to $1.8B and Counting: Sources
The Proskauer group takes the tally to $1.8 billion, with more to come in the form of a third ad hoc group being represented by Kirkland & Ellis, [...]
SBF received $1 billion in personal loans from Alameda: FTX bankrupty filing
Former FTX CEO Sam Bankman-Fried received a $1 billion personal loan from one of four silo companies deeply involved in the collapse of the FTX crypto [...]
Market Maker B2C2 Offers to Buy Loans From Genesis Crypto-Lending Unit
The lending arm of the crypto financial firm Genesis halted customer withdrawals earlier Wednesday, citing exposure to Sam Bankman-Fried's collapsed c [...]
Bitcoin Miner Iris Energy Faces Default Claim on $103M of Equipment Loans
The reason for the notice of default, which the lender sent to the miner on Nov. 4, is that the company failed to engage in "good faith restructuring [...]