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“Biden’s student-loan relief is un-‘forgive’-able” Rumblings that the Biden administration plans to “forgive” some student-loan debt for potentially millions of upper-class people earning up to $125,000 a year doesn’t sit well with many Americans. It will drive up inflation and create an unfair subsidy from the working class to the most educated people, many on…
” Coinbase took out the first Bitcoin-backed loan from Goldman Sachs “ America’s largest crypto exchange Coinbase has been revealed as the mystery firm that took out Wall Street’s first Bitcoin-backed loan from Goldman Sachs. Goldman Sachs has $2.5 trillion assets under management as of 2021. Bloomberg reported on Tuesday that the Bitcoin-backed loan issued…
” MicroStrategy may explore ‘future yield generation opportunities’ on 95,643 BTC holdings “ Business intelligence firm MicroStrategy said it will consider opportunities for yield generation on 95,643 “unencumbered” Bitcoin (BTC) held by its subsidiary MacroStrategy. In MicroStrategy’s report for the first quarter of 2022 released on Tuesday, the firm said it “may conservatively explore future…
” Weiss Ratings issues warning over crypto mortgage risks “ Florida-based ratings and research firm Weiss Ratings has fired out a warning over the risks of crypto mortgages amid the current economic climate in the United States. The company paid particular focus to Milo, a digital banking startup from Miami that offers 30-year mortgages backed…
” More than $1.6 billion exploited from DeFi so far in 2022 “ The decentralized finance (DeFi) space has been rife with hacks, exploits, and scams so far this year with over $1.6 billion in crypto stolen from users, surpassing the total amount stolen in 2020 and 2021 combined. Analysis from blockchain security firm CertiK…
” Goldman Sachs offers first Bitcoin-backed loan as Wall Street embraces crypto “ Goldman Sachs has offered its first Bitcoin-backed loan, in a major step forward for institutional cryptocurrency adoption on Wall St. A spokeswoman from Goldman told Bloomberg that the multinational investment bank had lent cash collateralized by Bitcoin (BTC) owned by the borrower…
” Propy partners with Abra to provide crypto-backed real estate loans “ Blockchain real estate platform Propy has partnered with Abra to allow customers to obtain home loans using their cryptocurrency holdings, potentially widening the financial use cases of digital assets. Propy customers can now put up digital assets as collateral for their real estate…
” Home sweet hodl: How a Bitcoiner used BTC to buy his mom a house “ There’s a special bond between mothers and their sons. For pseudonymous Alan, a 28-year-old engineer, a Bitcoin (BTC) loan helped his mom to buy a house. Alan told Cointelegraph that he took out a Bitcoin-backed loan in 2021 —…
” Looking to take out a crypto loan? Here’s what you need to know “ Loans based on cryptocurrencies have become a mainstay of the decentralized finance (DeFi) universe ever since the smart contract-based lending/borrowing platforms began offering the service to crypto users. The Ethereum network, the first blockchain that scaled the smart contract functionality,…
” New crypto card by Nexo allows users to pay without selling Bitcoin “ Major cryptocurrency loan company Nexo has officially launched a crypto-backed Mastercard card enabling users to pay for services with cryptocurrencies like Bitcoin (BTC) without selling their crypto. Nexo has partnered with Mastercard and the peer-to-peer payment startup DiPocket to launch the…