DEEPSEEK
Hong Kong Monetary Authority Reports 0.8% Increase in Deposits for September 2024
Hong Kong Monetary Authority's September 2024 data reveals a 0.8% rise in total deposits, with Hong Kong dollar and foreign currency deposits contributing to this growth.
Binance Expands Loanable Assets with ZRX, CHR, RAY, REZ, and TRB
Binance has added 0x (ZRX), Chromia (CHR), Raydium (RAY), Renzo (REZ), and Tellor Tributes (TRB) as loanable assets on Binance Loans (Flexible Rate).
Hong Kong Monetary Authority Reports 1.1% Increase in May 2024 Deposits
The Hong Kong Monetary Authority reported a 1.1% increase in total deposits for May 2024, with notable rises in both Hong Kong dollar and foreign currency deposits.
Breaking: Bitcoin Enters Banking System, El Salvador's Cuscatlan and Agricola Accept it for Loans
El Salvador's Cuscatlan and Agricola banks have announced they will now accept Bitcoin for loan payments, paving the way for Bitcoin to be used directly for credit card debt settlements and loans, potentially setting global banking industry precedents.
Bitfarms Settles Debt with BlockFi
Bitfarms and BlockFi collaborate via Backbone Mining Company, a completely owned subsidiary.
BankProv Stops Offering Loans Secured by Crypto Mining Rigs
BankProv said in an SEC filing that it would no longer lend against crypto mining machines.
The Wormhole hack: hacker shifts $155 million
On January 23, a DEX received $155 million in Ether. The Wormhole attack, which lost 120,000 Wrapped ETH on Feb. 2, was 2022's third biggest crypto heist.
Coinbase Exchange Users Can Borrow Up to $1M Loan with Bitcoin as Collateral
American digital currency exchange Coinbase Global has launched a loan service that will allow its users to take up to 40% of the total value of their Bitcoin holdings as a loan.
Fintech not Big Tech: Square is a Greater Threat to Banks than Google and Amazon
A recent survey of 300 senior executives at US-based mid-sized financial institutions found that more than half of bank and credit union executives view Big Tech companies like Amazon and Google as significant threats to the banking industry. Meanwhile only a third believe financial technology (fintech) firms will be a threat in the future, but are they sleeping on Square, Jack Dorsey’s financial technology venture whose stock price recently recorded a 20 month high.
