Cryptocurrency Analysis and News Portal
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent Twitter statement, Marc Cuban highlighted the discrepancy in the Securities and Exchange Commission’s (SEC) approach towards the stock loan industry compared to crypto assets. Cuban pointed out that while the SEC labels the stock
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Blur’s peer-to-peer perpetual non-fungible lending protocol Blend, focused on NFTs, has seen massive growth since inception, with the protocol’s loan volume hitting close to 170,000 in under 30 days. Blend controls 82% of NFT lending share According
Read More
Summary: Coinbase users will no longer be able to borrow up to $1 million using Bitcoin as collateral.The crypto exchange plans to shut down its Borrow program starting May 10, 2023, due to insufficient demand for the product.Wednesday’s decision also comes amid a tussle between U.S. regulators and crypto businesses
Read More
The reason behind the exchange’s decision is not clear. According to those familiar with the matter, closing the service is not linked to the scrutiny from SEC which has alleged that Coinbase was offering and trading unregistered securities, thereby violating federal securities laws. Crypto exchange Coinbase Inc (NASDAQ: COIN) has announced its
Read More
While inflation may be slowing, Americans are groaning under the direct and indirect impact of the Fed increasing the interest rate. The US Federal Reserve (Fed) has continued raising the interest rate and on Wednesday increased the rate by another 0.25 percentage point, causing worry about the potential impact. The apex
Read More
Crypto exchange Coinbase is stopping the issuance of new loans through its Borrow service — a product that allows certain United States customers to post crypto as collateral to receive a cash loan.In an email sent to Coinbase Borrow customers on May 3 which was shared by recipients on Twitter,
Read More
“We regularly evaluate our products to ensure we’re prioritizing the offerings that our customers care about most,” the spokesperson said. “Effective May 10, we will stop issuing new loans through Coinbase Borrow. There is no impact on customers’ outstanding loans, and no action is required from them at this time.” Source
Read More
According to data sourced from user @beetle from Dune Dashboard, nonfungible token (NFT) marketplace Blur has facilitated 8,820 Ether, or roughly $16.37 million, in loans through perpetual NFT lending protocol Blend one day after its launch. On May 1, Blur introduced Blend as a novel protocol for pledging NFTs for
Read More
In a statement, the FDIC said that all depositors of Silicon Valley Bridge Bank, the bridge bank set up by the FDIC after SVB’s failure, will automatically become depositors of First Citizens Bank & Trust Company. All deposits assumed by First Citizens Bank & Trust Company will continue to be
Read More
U.S. law enforcement has seized 18 cryptocurrency ATMs that were purchased using fraudulent loans from the Small Business Administration (SBA) meant to assist small businesses financially harmed by the Covid-19 pandemic. The loans were also used to purchase bitcoin from a New York-based cryptocurrency exchange, said the U.S. Department of
Read More