Cryptocurrency Analysis and News Portal
Example: Jim has to pay a $10,000 student loan debt to a private lender. Assuming that Jim’s foray into the crypto industry has yielded $20,000 worth of ether over the years, he can simply sell $10,000 worth of digital assets and, in one swoop, erase his debt. While this approach
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press release PRESS RELEASE. Silta Finance, a new DeFi lending solution, challenges traditional banking sector’s predominance in project finance by announcing a partnership with the Singapore headquartered development company WEnergy Global. WEnergy Global has agreed to explore cryptocurrency lending solutions to access project finance. The company is partnering with Silta, a
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Tether (USDT), the largest stablecoin issuer by market capitalization, has refuted the details of a Bloomberg story on its reserves holdings.In a Thursday report, Bloomberg journalist Zeke Faux made numerous claims against Tether, including that its chief financial officer Giancarlo Devasini has used the company’s reserves to make investments, that
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sponsored ADALend is building a scalable and decentralized lending protocol on Cardano, governed by the community. Cardano is the market leader in PoS as a collection of protocols for economic support to billions of people. Over the last decade, the decentralized Finance (DeFi) space has been forced to evolve to keep
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Alex Saunders, the popular crypto influencer behind Nuggets News, is facing a slew of claims he failed to repay crypto loans, along with allegations that funds invested in a new project had been redirected to a crypto exchange.Saunders is one of the most highly regarded Australian crypto educators. He provides
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In a press release today, C.R.E.A.M. Finance announced a new feature for (and, by proxy, an unofficial relaunch of) Iron Bank, the protocol-to-protocol lending platform designed for flash and undercollateralized loans. C.R.E.A.M., which founder Leo Cheng describes as “the yolo-est Compound fork,” is a money market designed to cover assets that
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Loan-to-value (LTV) simply means how much cryptocurrency you will need to put up as collateral before you get a loan.A crypto-backed loan is one of the most exciting marvels of blockchain technology. We know that banks always ask for collateral when lending you money, whether it is property, stocks, or
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The final phase of the TrueFi launch should initiate the beginning of a highly functional, cross-chain uncollateralized lending platform, equally able to serve institutions, retain users, and lend to other protocols.Defi took off in 2020 in a major way, with applications such as decentralized exchanges and decentralized lending exploding in
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