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Low-income crypto investors are using gains to buy houses: Treasury study

[Nov 27 5:38 AM] Low-income households with high crypto exposures saw the largest increase in mortgage and auto loan originations and balances, US Treasury research revealed. 

Newmarket Capital Launches Battery Finance, Bitcoin-Collateralized Loan Strategy

[Nov 25 2:15 PM] Newmarket Capital recently closed the first investment deal for its new Battery Finance loan strategy, which enables borrowers to incorporate bitcoin into long-term financing structures as collateral.On November 7, 2024, Newmarket Capital, an…

California revokes BlockFi’s lending license 2 years after bankruptcy

[Nov 8 10:01 AM] Bankrupt and now defunct BlockFi has entered into a settlement agreeing to the license revocation and to cease unsafe practices.

Ledn’s Lending Leap: Record $1.67 Billion in Loans Signals Institutional Confidence in Digital Assets

[Oct 23 9:10 PM] Ledn, a crypto lending platform, has announced $1.67 billion in loans processed year-to-date (YTD) as of Q3 2024, marking a milestone since its inception in 2018. This total includes $258.7 million in retail loans and $1.41 billion in institutional…

Bybit Expands in CIS Region With Kazakhstan License for Crypto Services

[Sep 28 12:30 AM] Crypto exchange Bybit has secured a major license in Kazakhstan, marking its expansion in the Commonwealth of Independent States (CIS) region. With its new regulatory approval, Bybit plans to offer a broad range of services including digital asset…

Metaplanet Arranges Loan to Buy $6.8M of BTC

[Aug 8 10:03 AM] The Japanese company announced its plan to adopt bitcoin as a reserve asset to hedge against the volatility of the yen in May.

Whales prepare for next altcoin rally, DeFi is ‘waking up’ — Finance Redefined

[Aug 5 11:12 AM] Crypto whales are positioning themselves for the next “altcoin season,” while DeFi loans are seeing a resurgence back to 2022 highs.

Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit

[Nov 28, 2023 9:09 PM] Digital Currency Group has over $320 million left to repay, according to Genesis, and the deal would see that remaining sum repaid by April next year.

SBF seeks to probe FTX lawyers’ roles in $200M Alameda loans

[Oct 10, 2023 5:12 AM] Sam Bankman-Fried’s legal team is seeking permission to cross-examine Gary Wang over FTX lawyers' involvement in Alameda loan approvals.

Coinbase Launches Crypto Lending Service for Institutional Investors

[Sep 7, 2023 7:30 PM] Digital asset exchange Coinbase will be offering cryptocurrency loans to institutions in the United States. With the new service, the leading U.S. crypto trading platform seeks to fill the market gap opened by the collapse of companies like…

Crypto Lenders Caused Crypto Contagion Last Year. How Is the Industry Rebuilding?

[Sep 6, 2023 11:33 AM] After bankruptcies tore apart the crypto lending, the industry is attempting to rebuild in a sustainable and accountable manner.

Coinbase launches crypto lending platform for US institutions

[Sep 6, 2023 4:29 AM] Coinbase’s new institutional lending service has the same operating entity as Coinbase Borrow, which halted the issuance of new loans in May.

Quantstamp introduces tool to detect protocols’ flash loan attack vulnerability

[Aug 23, 2023 7:00 AM] The new service, called Economic Exploit Analysis, uses University of Toronto research and will work on any EVM-compatible blockchain.

Farmington Bank Faces Fed Wrath: Alameda-Backed Financial Institution Ordered to Shutdown

[Aug 21, 2023 12:30 AM] In a statement released August 17, 2023, Farmington State Bank, with an investment from Sam Bankman-Fried’s Alameda Research, consented to a cease and desist order from the U.S. Federal Reserve. Alameda invested $11.5 million into the bank’s…

CRV exposure risk throws a curveball at the DeFi ecosystem: Finance Redefined

[Aug 4, 2023 2:25 PM] Most DeFi tokens traded in the red on weekly charts due to the chaos caused by the Curve Finance exploit.

Curve liquidation risk poses systemic threat to DeFi even as founder scurries to repay loans

[Aug 1, 2023 2:09 PM] A Curve Finance hack sparked a sharp sell-off, and while DeFi traders stepped in to support CRV, the possibility of a contagion-level event remains.

DeFi Died and We Didn’t Even Notice

[Aug 1, 2023 12:33 PM] The behavior of Curve founder Michael Egorov is warning to all, and proof that DeFi isn’t really that different from traditional finance.

JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’

[May 23, 2023 8:30 AM] JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people…

DCG settlement with Genesis still undecided as 30-day mediation period proceeds

[May 10, 2023 3:15 PM] The settlement plan proposed in February would give Genesis creditors 80% recovery of funds but many raised demands, leading to the mediation.

Coinbase to cease issuing new Bitcoin-backed loans via Borrow service

[May 3, 2023 10:34 PM] The service allows users to borrow up to $1 million with no credit check, provided they post Bitcoin as collateral.

Winklevoss twins infuse Gemini with $100M personal loan: Report

[Apr 10, 2023 3:00 PM] The cash infusion reportedly followed Gemini attempting to get funding from outside investors without success.

BlockFi to provide over $100K in refunds to California clients

[Mar 27, 2023 9:13 PM] At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn't need to, according to court documents.

First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B

[Mar 27, 2023 2:30 PM] According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North Carolina. First Citizens acquired all deposits and…

NFT investor accidentally burns $135k CryptoPunk trying to borrow money

[Mar 25, 2023 1:04 AM] While going through the unfamiliar process of wrapping NFTs, Riley accidentally sent the asset to a burn address, permanently deleting the NFT from circulation.

Australian Banking Association’s cost of living inquiry reveals bank pressure

[Mar 20, 2023 1:47 AM] An analysis of the rising inflation and concurrent collapse of Silicon Valley Bank proved that more than 186 banks in the U.S. are at risk of a similar shutdown if depositors decide to withdraw all funds.

Yield platform Stablegains sued for promoting UST: Finance Redefined

[Feb 24, 2023 3:00 PM] DeFi market saw another exploit this past week on the Platypus protocol, resulting in a loss of over $8 million.

Platypus attack exploited incorrect ordering of code, auditor claims

[Feb 17, 2023 4:35 PM] The misordered lines caused a solvency check to be performed before the user’s amount, factor, and rewardDebt had been set to zero

Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power

[Feb 9, 2023 2:30 PM] According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S…

Bitfarms settles outstanding loan with BlockFi for $7.75M

[Feb 9, 2023 10:30 AM] The Toronto-based Bitcoin mining company has reduced its debt by nearly 85% since June 2022.

Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs

[Jan 31, 2023 1:30 PM] The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1)…