Search Results for "credit"
Venmo Lets Credit Cardholders to Convert Cash Back to Cryptocurrency
Venmo has expanded its crypto offering with a new feature that allows credit cardholders to automatically buy crypto assets using their cash back rewards.
Unchained Partners with Build Asset Management for Bitcoin-Backed Credit Fund
Unchained, a bitcoin financial service provider, has partnered with Build Asset Management to invest in Unchained loans. The partnership aims to unlock the value of bitcoin for borrowers. Unchained's lending division has a 170% surge in Q1-2023, despite the 2022 crypto market contagion and bitcoin's 65% value drop.
Tachyum's Prodigy Processors: A Game-Changer for Blockchain in Banking and FinTech
Tachyum, a leading tech company, has recently published a paper titled "Credit Unions, Blockchain, CBDC, FinTech and Tachyum Prodigy", which highlights the potential of Prodigy to revolutionize transactional banking and significantly reduce the environmental and financial costs associated with blockchain's energy consumption.
Marathon Digital Refinances $100m Credit Facility from Silvergate Bank
Marathon Digital secured another loan deal of $ 100 million to sustain its operations amid the crypto market rout.
Flowcarbon Refunds Investors After Canceling Token Launch
Flowcarbon refunds investors after its planned Goddess Nature Token launch fails due to market challenges and regulatory resistance.
US Credit Unions Gain Access to Partner with Crypto Assets Service Providers
The United States National Credit Union Administration granted domestic credit unions under the aegis of the Federally Insured Credit Unions the permission to enter into partnerships with third-party digital currency trading platforms.
Celsius Network Announces Court Approval of Reorganization Plan
Celsius Network has received court approval for its Plan of Reorganization, which aims to transform the company into a creditor-owned bitcoin mining firm, with over 95% creditor support, and aim for a 2024 Chapter 11 emergence.
Taiwan Moves to Ban the use of Credit Cards to Acquire Cryptocurrency
Taiwan through its Financial Supervisory Commission (FSC) has moved to ban the use of credit cards in purchasing cryptocurrencies
Web2 and Web3 tools are merging as crypto-backed debit cards
The Bit2Me card supports eight cryptocurrencies, including BTC, ETH, ADA, and SOL, with more anticipated later this year.
BlockFi Granted Extension to Submit Bankruptcy Exit Plan
BlockFi, a cryptocurrency lender, has been granted a 48-day extension until May 15 to submit a bankruptcy exit plan. The company is exploring a potential sale of assets or an outside backer to support a restructuring deal. A committee of BlockFi customers argued to take control of the case, citing the lack of a workable business for reorganization and the potential sale of the platform. However, the bankruptcy judge granted a shorter extension than requested by BlockFi.
Solana (SOL) Validators Approve "Timely Vote Credits" Proposal to Accelerate Blockchain Transactions
Solana validators have approved a proposal called "Timely Vote Credits" to reduce consensus vote latency and incentivize timely votes, potentially speeding up blockchain transactions, before implementing the mechanism.
FTX Announces Proposed Settlement and Amended Plan in Chapter 11 Cases
FTX has announced a proposed settlement in their Chapter 11 cases, pending court approval. The settlement includes a "Shortfall Claim" for customers and an amended Plan of Reorganization. The Official Committee of Unsecured Creditors supports the plan, expecting expedited cases and improved recoveries. Customers may receive over 90% of distributable value globally.