Coinbase Launches Bitcoin-Backed Loans With Rewards and Flexible Repayment Options
Coinbase now lets users borrow up to $100,000 in USDC without selling bitcoin, offering flexible repayment, tax advantages, and instant access to funds via its streamlined platform. Borrow USDC Without Selling Bitcoin: Coinbase Introduces New Loan Feature Crypto exchange Coinbase (Nasdaq: COIN) announced on Thursday the introduction of bitcoin-backed loans, enabling customers to borrow stablecoin […]
Ledn’s Lending Leap: Record $1.67 Billion in Loans Signals Institutional Confidence in Digital Assets
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 loans, with Q3 alone accounting for over $506 million in digital asset loans. The retail sector […]
Bybit Expands in CIS Region With Kazakhstan License for Crypto Services
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 trading and crypto loans, while emphasizing Kazakhstan’s growing influence in the global crypto ecosystem. Bybit Secures Key […]
Whales prepare for next altcoin rally, DeFi is ‘waking up’ — Finance Redefined
Crypto whales are positioning themselves for the next “altcoin season,” while DeFi loans are seeing a resurgence back to 2022 highs.This post was originally published on this site
Quantstamp introduces tool to detect protocols’ flash loan attack vulnerability
The new service, called Economic Exploit Analysis, uses University of Toronto research and will work on any EVM-compatible blockchain.This post was originally published on this site
Winklevoss twins infuse Gemini with personal $100M loan: Report
The cash infusion reportedly followed Gemini attempting to get funding from outside investors without success.This post was originally published on this site
First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B
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 loans from SVB, as well as the 17 branches that SVB owned across the United States. Silicon Valley […]
NFT investor accidentally burns $135k CryptoPunk trying to borrow money
While going through the unfamiliar process of wrapping NFTs, Riley accidentally sent the asset to a burn address, permanently deleting the NFT from circulation.This post was originally published on this site
Yield platform Stablegains sued for promoting UST: Finance Redefined
DeFi market saw another exploit this past week on the Platypus protocol, resulting in a loss of over $8 million.This post was originally published on this site
Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power
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. dollar has dwindled to “roughly three cents,” her belief that central bank digital currencies (CBDCs) will […]