How to buy a home with a crypto-backed loan
Key takeawaysCrypto-backed mortgages let you use assets like Bitcoin or Ether as collateral to secure a loan without selling your holdings.The process involves choosing a lender, securing your crypto in…
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Critics: G7’s $50 Billion Russian Assets-Backed Loan Might Upset the West’s Financial Stability
The G7’s finalized deal approving a Russian assets-backed loan of $50 billion to support the Ukrainian war effort has the potential to upset the Western financial system. Critics state that…
Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings…
ByBit joins crypto exchanges offering crypto lending services
Dubai-based cryptocurrency exchange ByBit rolls out cryptocurrency lending service, joining a handful of major exchanges that offer interest-bearing lending facilities.
Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas
After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement.…
Crypto trading firm Auros Global misses DeFi payment due to FTX contagion
Auros is an algorithmic trading and market-making firm that provides liquidity for exchanges and token projects.
BlockFi sues FTX’s Bankman-Fried over shares in Robinhood
BlockFi is demanding Bankman-Fried’s investment company turn over its shares in Robinhood as collateral it agreed to pay as part of a pledge agreement.
$100M drained from Solana DeFi platform Mango Markets, token plunges 52%
The platform’s treasury was drained of over $100 million worth of cryptocurrency after an attacker manipulated price data of its native token to take out loans against their holdings.
Celsius changes legal team, pays off $20M in Aave debts
The embattled platform continues to wind down its debts to decentralized finance (DeFi) lending protocols, having just paid off 20 million USDC to Aave.
Celsius moved $529M worth of wBTC to FTX exchange: Should we be worried?
The crypto community is concerned that the transfer could lead to the dumping of more than $500 million Bitcoin into the market.