2023-7-20 19:16 |
The embattled Harbour Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt.
Similar to Notcoin - Blum - Airdrops In 2024
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Hut 8 will have the option to draw $20 million and $15 million after the first tranche. The $50 million loan facility will mature one year after the first borrowing, and bear interest. CEO Jaime Leverton noted in a statement that the funds will give Hut 8 financial flexibility ahead of Bitcoin’s halving.
2023-6-26 21:25 | |
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Hut 8 has secured a $50 million credit facility from Coinbase Credit for financial flexibility and manage their Bitcoin treasury management strategy effectively before the halving. The post Mining Company Hut 8 Secures $50M Loan From Coinbase appeared first on BeInCrypto.
2023-6-27 19:30 | |
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Bitcoin (BTC) miner Hut 8 said on June 26 that its subsidiary, Hut 8 Holdings, entered into a $50 million credit facility agreement with Coinbase Credit for general corporate purposes. Hut 8 stated that the credit facility offers a $15 million term loan that would be funded at or shortly after closing.
2023-6-26 18:30 | |
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Robinhood, a well-known cryptocurrency and stock trading website, plans to expand its products significantly. It intends to acquire X1, a credit card company. This $95 million decision promises to provide the company with an extra revenue stream and strengthen its existing user base.
2023-6-24 05:00 | |
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US-based crypto exchange Coinbase will no longer issue new loans through the Coinbase Borrow service. Coinbase Borrow allows users in certain US states to take out fiat loans of up to $1 million without credit checks. Users could post up…
2023-5-4 14:52 | |
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The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.
2023-4-6 22:10 | |
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The miner reduced its debt by $50 million and freed up about $75 million worth of bitcoin that was held as collateral.
2023-3-9 01:52 | |
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Core Scientific has received permission from the bankruptcy court to borrow up to $70 million from B. Riley. The new credit facility will replace an existing one that was extended by B. Riley iThe post Core Scientific to borrow millions from investment bank after court approval appeared first on AMBCrypto.
2023-2-1 15:30 | |
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Core Scientific is seeking emergency relief from the bankruptcy court for it to secure a replacement loan facility. According to court documents, the miner has agreed to a $70 million credit facility from investment banking firm B.
2023-2-1 21:35 | |
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Coinspeaker Elon Musk Sells 20 Million Tesla Shares Worth Over $3. 5B The latest Tesla shares sale by Elon Musk has been tipped to feature Twitter and the need for the billionaire investor to meet some credit obligations with which he financed the acquisition of the social media platform.
2022-12-15 16:16 | |
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Sherlock deposited $5 million USDC of its staking pool into the beleaguered credit pool on Maple, which suffered a $31 million hit from Orthogonal Trading’s loan defaults.
2022-12-7 04:12 | |
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Shortly after Orthogonal got served with default notices on $36 million of crypto loans from Maple Finance, the firm’s credit team published a statement saying it was “speechless” and unaware of the extent of the trading team’s exposures.
2022-12-7 23:22 | |
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Nexus Mutual, which offers an insurance alternative for decentralized finance traders, deposited some $19 million in ETH to Maple’s wrapped ether credit pool, which was rocked by Orthogonal Trading’s recent default.
2022-12-6 02:52 | |
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Cryptocurrency trading firm Auros Global has missed a loan repayment of 2,400 Wrapped Ether (wETH) worth $3 million. The update was shared by the institutional credit underwriter M11 Credit which manaThe post Cryptocurrency firm Auros Global misses DeFi payment, thanks to FTX appeared first on AMBCrypto.
2022-12-1 13:30 | |
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The company missed payment on a 2,400 wrapped ether loan, worth $3 million, from a M11 Credit pool on Maple Finance.
2022-11-30 20:37 | |
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BlockFi has become the latest firm to file for bankruptcy, citing “significant exposure” to FTX It has sued FTX to reclaim Robinhood shares which it alleges Bankman-Fried had pledged as collateral BlockFi bankruptcy was a longtime coming, with the firm rescued by a $400 million credit facility from FTX earlier this year Regulation simply must […] The post BlockFi is bankrupt, where did it all go wrong? appeared first on CoinJournal.
2022-11-29 18:24 | |
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BlockFi filed for bankruptcy days after suspending withdrawals last week. FTX had extended a $400 million line of credit to the lender earlier this year.
2022-11-28 18:20 | |
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Bankrupt trading firm Alameda Research has $7.2 million in outstanding debt from a TrueFi credit facility.
2022-11-12 22:44 | |
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Belgium-based DeFi Credit platform, Credix is partnering with Clave to provide $150 Million worth of loans to serve Latin American businesses. Clave Collaborates With Credix on New DeFi Debt Pool Popular decentralized credit marketplace, Credix has announced a new alliance…
2022-11-3 20:00 | |
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Bittrex agreed to pay more than $29 million in a settlement with FinCEN, but the regulator said it will credit a $24-million payment “to settle its potential liability with OFAC.”
2022-10-12 20:00 | |
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A financial service provider co-founded by Hong Kong real estate tycoon Adrian Cheng said it is raising $500 million to invest in blockchain assets, credit and private-equity over the next 18 months.
2022-9-21 16:00 | |
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Hidden Road Partners, a global credit network focused on institutional investors, is reportedly attracting the interest of leading Wall Street investment arms, not long after raising $50 million in its series A funding round in July.
2022-8-24 17:14 | |
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Майнинговая компания Marathon Digital Holdings договорилась об открытии возобновляемой кредитной линии на $100 млн от Silvergate Capital под залог биткоина. $MARA Expands credit facilities, increasing debt funding capacity by $100 million 👇- refinanced existing $100 million revolving LOC- added $100 million term loanDetails here: https://t.
2022-8-3 09:50 | |
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Following on from its $400 million revolving credit deal with FTX, BlockFi has announced that from August 1st it will be increasing the yield it offers for deposits on several major stablecoins and cryptocurrencies.
2022-7-28 15:00 | |
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A report by the Wall Street Journal has confirmed that cryptocurrency lender Vauld has filed an application seeking protection from creditors after pausing withdrawals earlier this month. The post Singapore-Based Vauld Seeks Protection From Credit Liabilities Worth $400 Million appeared first on BeInCrypto.
2022-7-21 20:00 | |
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BlockFi has signed a term sheet with FTX involving a $400 million credit facility and an option to buy. Depending on BlockFi’s performance in the coming months, FTX could acquire the firm for $240 million.
2022-7-5 17:57 | |
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BlockFi’s CEO Zac Prince on July 1 announced a $400 million credit facility from FTX and the option to purchase the company in its entirety for up to $240 million depending on performance. The post FTX gives BlockFi $400M credit facility; has option to buy company for up to $240 million appeared first on CryptoSlate.
2022-7-2 22:58 | |
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BlockFi will also receive a $400 million rolling credit facility from FTX.US. BlockFi Inks Deal With FTX.US BlockFi has agreed to an acquisition deal with FTX.US. (Long thread!) Excited to...
2022-7-2 21:33 | |
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I wrote here last week that cryptocurrency has a contagion problem, with a slew of firms caught up with overleveraged balance sheets and weak risk management. BlockFi had just taken a $250 million revolving credit facility with FTX, which for those who aren’t fluent in corporate-speak, is essentially a fancy term for “bailout”.
2022-7-1 19:29 | |
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FTX’s $250 million credit facility offer – if inked as initially proposed – stood to effectively wipe out all BlockFi shareholders, including Morgan Creek Digital, the firm told its investors.
2022-6-26 00:16 | |
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Reportedly, ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday.
2022-6-25 22:41 | |
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BlockFi is raising the yield on its Bitcoin, Ethereum, and stablecoin lending products three days after FTX extended the company a $250 million revolving line of credit. The Powers of...
2022-6-25 21:20 | |
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The rate increases across BTC, ETH, USDT and other crypto deposits come after layoffs at the company and a $250 million emergency line of credit from FTX.
2022-6-25 20:43 | |
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FTX previously extended a $250 million emergency line of credit to the struggling crypto lender earlier this week.
2022-6-25 18:30 | |
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Crypto lending platform BlockFi has signed a term sheet with leading crypto exchange FTX to secure a $250 million revolving credit facility, BlockFi CEO Zac Prince announced June 21. The post BlockFi gets $250 million credit facility from FTX to support platform appeared first on CryptoSlate.
2022-6-22 00:00 | |
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Crypto lending platform BlockFi has secured $250 million in revolving credit from Sam Bankman-Fried’s… The post Sam Bankman-Fried commits $250M to BlockFi: read the details here appeared first on CoinJournal.
2022-6-21 19:50 | |
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Two leading global crypto financial services companies BlockFi and FTX have today signed a term paper securing a $250 million revolving line of credit. This will provide BlockFi with access to more capital.
2022-6-22 18:11 | |
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Voyager Digital Ltd. today announced that the Company signed a non-binding term sheet with Alameda Research to secure a revolving line of credit providing Voyager...
2022-6-20 09:15 | |
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The loan will have $200 million cash/USDC-backed credit facility and 15,000 BTC.
2022-6-18 02:22 | |
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The IMF has taken aim at Bitcoin's energy use in its new report
2022-6-17 23:27 | |
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Ripple has committed $100 million to bolster global carbon credit market
2022-5-19 19:24 | |
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Nexo, one of the leading digital lending platforms, have continued to go from strength to strength, now counting over 4 million customers. Their latest feature was announced recently – a partnership with Mastercard to launch a crypto-backed credit card.
2022-4-26 18:59 | |
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The company is also bringing on additional credit facilities of up to $155 million.
2022-4-21 07:00 | |
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Kyoko.finance, a DAO-to-DAO credit provider and cross-chain GameFi NFT lending market is pleased to announce it has raised $3 million in its private funding round. As per the announcement, led by Animoca Brands, the funding round saw numerous key investors come together, including Infinity Ventures Crypto (IVC), Momentum 6, Red Building Capital, Morningstar Ventures, NGC Ventures, BlockchainSpace, […]
2022-2-3 22:33 | |
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With fresh funds, Kyoko team is going to advance "DAO-to-DAO credit" concept and improve Web3 liquidity ecosystem
2022-2-2 19:03 | |
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[2 February 2022, Singapore] – Kyoko.finance (“Kyoko”), the DAO-to-DAO credit provider and cross-chain GameFi NFT lending market for guilds and players, announced today that it has raised $3 million in its private funding round led by Animoca Brands, with other investors including Infinity Ventures Crypto (IVC), YGG SEA, Morningstar Ventures, AXIA8, Red Building Capital, NGC […] The post Kyoko raises $3 million in private funding round led by Animoca appeared first on NFT News Today.
2022-2-2 19:00 | |
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MicroStrategy CEO Michael Saylor has confirmed that his company has purchased an additional 1,434 bitcoins for $82. 4 million in cash at an average price of $57,477. The latest BTC purchase comes as Saylor declares that ‘cash and credit are crumbling.
2021-12-11 13:20 | |
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The European Commission has announced a fine of €344 million against UBS, Barclays, RBS, HSBC and Credit Suisse for participating in a Foreign Exchange “spot trading cartel.” “Foreign exchange spot...
2021-12-3 18:22 | |
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MetaVisa, a decentralized digital identity credit rating system, has announced raising over $5 million in seed capital from a private round. The round was done by a consortium of investors that included the following: Collinstar Capital, Tensor Investment Corporation, Black Mamba Ventures, Maven Capital, Dutch Crypto Investors, Seeded Ventures, GTA Ventures, HG Ventures, Amplio Capital, […]
2021-12-1 18:40 | |
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Аналог Notcoin - Blum - Играй и зарабатывай Монеты
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Curve DAO members have raised concerns over a recent proposal by Curve Finance founder Michael Egorov, who has requested 21 million CRV tokens, valued at approximately $6. 3 million, to support ongoing development efforts.
Cosmos Hub has submitted a governance proposal seeking community approval to transfer 1 million ATOM to liquidity protocol Hydro. The platform said on July 26 that Cosmos Hub’s (ATOM) proposal is live in the community forum. If the community approves…
The MakerDAO creator discusses the motivation behind the ambitious Endgame proposal in a wide-ranging interview.
Ethereum Foundation (EF) is considering implementing a formal conflict of interest policy following backlash over two prominent developers joining EigenLayer as advisors. Executive director Aya Miyaguchi addressed the issue in a social media post, emphasizing the importance of maintaining credible neutrality within the organization.
The island-country’s digital minister has radical ideas for using open-source technology to provide public goods. Her approach is called Plurality and it’s gaining attention across the world. Daniel Kuhn meets her.
Scott Sunshine discusses how advisors can leverage blockchain-based governance to enhance trust, improve accountability, streamline operations and unlock new investment opportunities for their clients.
The upgrade would reward UNI token holders who staked and delegated their tokens, according to the proposal.