Collectively, the Azuki, Wrapped CryptoPunks and Milady NFT collections symbolize the most important collateral, with over 8,000 Ether (ETH) price in market worth The highest Blur lender, who has issued 58 loans price 1,180 ETH, is Taiwanese celeb Jeff Huang,…
loans
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Bitcoin NewsNews
Debtors saved over $100M utilizing de-pegged stablecoins to repay loans
by Jeremyby JeremyFollowing the collapse of Silicon Valley Financial institution on March 10, the USDC value dropped to lows of on March 11 amid issues about its reserves being locked at MakerDAO’s stablecoin DAI additionally de-pegged briefly, going as little as on…
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Altcoin NewsNews
BendDAO reaches close to new all-time highs on Mutants, BAYC and Azuki loans
by Jeremyby JeremyAdvert (Supply: Twitter)Twitter person @JKrantz speculated that the sudden all-time excessive could be as a result of debtors are getting paid a better curiosity to take out loans on their NFTs with the native BEND token, which has seen a…
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Altcoin NewsNews
Crypto-friendly financial institution ends loans backed by crypto mining rigs
by Jeremyby JeremyIn accordance with a 31 submitting with america Securities and Change Fee (SEC), BankProv has already practically halved the proportion of its digital asset portfolio consisting of rig-collateralized debt for the reason that quarter ending 30, financial…
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The loans are collateralized by roughly 68,000 BTC mining machines, as per the report — which cited nameless loans have already defaulted and a few have additionally turn into under-collateralized following the steep fall in BTC mining rigs final…
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In a Bloomberg report on 24, two folks “aware of the matter” declare that BlockFi began the method of promoting off the loans final crypto lender filed for Chapter 11 chapter in 2022, citing its vital publicity to…
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Bitcoin NewsNews
No ‘respite’ for exploits, flash loans or exit scams in 2023: Cybersecurity agency
by Jeremyby JeremyThe blockchain safety firm instructed Cointelegraph its expectations for the 12 months forward relating to dangerous actors within the house, saying:“We noticed numerous incidents final 12 months regardless of the crypto bear market, so we don’t anticipate a respite in…