Cryptocurrency Analysis and News Portal
Crypto exchange Bitfinex claimed Friday it repaid the remaining balance of a $550 million loan to its sister firm, Tether, the issuer of the tether (USDT) stablecoin.In 2018 the exchange borrowed more than $600 million from Tether, with which it shares executives and ownership. The transaction was made public in
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Babel Finance is letting bitcoin mining firms put up their machines as loan collateral so the lender can offer them better terms.The loan-to-value ratio (LTV) for these loans is 30%, in part because Babel keeps the freshly mined crypto until the borrower pays back the loan. The LTV is significantly
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DeFi lending protocol Warp Finance has reportedly suffered a flash loan attack resulting in the loss of as much as $8 million in digital assets.Reports are coming in that an attacker has made off with between $1 million, to as much as $8 million according to DeFi Prime. The losses
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The New York Attorney General (NYAG) anticipates the handover of loan documents relating to an alleged $850 million cover-up will be completed in “the coming weeks.”In a letter filed with the New York Supreme Court on Wednesday, the NYAG said stablecoin issuer Tether and cryptocurrency exchange Bitfinex had been cooperating
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Blockchain project Origin Dollar (OUSD) said it sustained an attack that caused a loss of funds worth $7 million, including over $1 million deposited by Origin and its founders and employees, and has disabled deposits as a result. The project’s native token is down 36% on the day, according to
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The latest flash loan attack in the decentralized finance world has caused a total loss of $6 million. Source
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In an announcement on Wednesday, the Office of the Comptroller of the Currency (OCC) granted SoFi a conditional license to operate as a national bank in the United States.The OCC is the office of the U.S. Treasury that regulates federal banks throughout the country. SoFi, which stands for Social Finance,
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The New York Attorney General’s office (NYAG) wants Tether and Bitfinex to immediately turn over documents detailing a $900 million line of credit the first entity extended to the second, according to a new filing with a public court system. The NYAG’s office began a formal inquiry into Bitfinex and Tether
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Expobank, the former Russian subsidiary of global investment bank Barclays, has followed Silvergate and issued a loan that uses tokens, in this case, WAVES, as collateral. The loan was made to an entrepreneur and tax consultant, Mikhail Uspensky, who bought WAVES in 2018 for a planned initial coin offering (ICO).
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Expobank, a commercial bank in Russia, has reportedly issued the country’s first ever loan backed by cryptocurrency.According to an Aug. 19 report by local news agency Kommersant, Expobank provided the credit through issuing an individual bank loan powered by Waves (WAVES) tokens.Waves CEO and founder Alexander Ivanov confirmed the news
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