What are flash loans in DeFi?
Flash loans, though relatively new, are quickly rising in popularity. Learn more about these uncollateralized-type loans in crypto in the article below. Go to Source Powered by WPeMatico
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El Salvador Plans to Offer Crypto Loans to Small-Scale Entrepreneurs
The government of El Salvador will offer cryptocurrency-based loans to small companies. Conamype, the National Commission for Micro and Small Enterprises, will be the link between the investors and a decentralized finance protocol called Acumen, that will be able to provide funding in stablecoins. The aim being to help small investors that have no credit … Read more
El Salvador explores low-interest loans backed by Bitcoin
The Salvadoran government is looking to create a Bitcoin-backed loan product for micro and small businesses across the country. Go to Source Powered by WPeMatico
Genesis issues $6M NFT-backed loan to Meta4 Capital
Institutional investors are increasingly entering the NFT space, particularly interested in providing original lending solutions. Go to Source Powered by WPeMatico
Crypto exchange Kraken’s new NFT marketplace to issue loans
Jesse Powell said the exchange will expand into a marketplace for nonfungible tokens and NFT-backed loans beginning in 2022. Go to Source Powered by WPeMatico
Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs
On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ethereum for instant funds, Nexo is offering instant liquidity to NFT holders that don’t want to sell their NFTs. Nexo to Offer Loans for Bored … Read more
Nexo partners with Three Arrows Capital to launch NFT lending & art financing service
Bored Ape Yacht Club and CryptoPunks NFTs are two of the options supported as collateral for crypto credit lines on the platform. Go to Source Powered by WPeMatico
Coinbase Lets Customers Borrow up to $1 Million Using Bitcoin as Collateral
The Nasdaq-listed crypto exchange Coinbase is now letting customers borrow cash up to $1 million using bitcoin as collateral. The company charges 8% APR but there is no credit check. The exchange said that the bitcoin used as collateral “remains safely held by Coinbase,” emphasizing, “It’s not lent out or used for any other purpose.” … Read more
Tether fires back against report it is using reserves for investments and making crypto-backed loans
“If those loans fail, even a small percentage of them, one Tether would become worth less than $1,” said Bloomberg reporter Zeke Faux. Go to Source Powered by WPeMatico
Silvergate Bank issues $100M credit line to mining firm Marathon Digital
“We remain optimistic that we are well positioned to scale our hash rate to 13.3 EH/s by the middle of 2022,” said Marathon Digital CEO Fred Thiel. Go to Source Powered by WPeMatico