Search Results for "loan"
TRX Mortgage Lending Platform Now Available to Public On TRON’s Nile Testnet
The Tron Foundation announced that the TRON TRX mortgage lending platform which is being launched on the Nile test net is available for the public testing phase, according to a medium post on Monday. The foundation believes that the platform will expand the quality of Tron ecosystem and foster awesome ecological prosperity within the loans sector.
Exchange Buenbit Rolls Out Crypto Loan Products in Argentina
The move by Buenbit shows signs of increased demand for cryptocurrencies. The exchange is ramping up efforts in its crypto business.
Euler Finance Suffers Flash Loan Attack, Loses Millions in Multiple Cryptocurrencies
Euler Finance, an Ethereum-based noncustodial lending protocol, suffered a flash loan attack on March 13, resulting in the loss of millions in Dai, USD Coin, staked Ether, and wrapped Bitcoin. The attacker stole nearly $196 million in multiple transactions, making it the largest hack of 2023. On-chain data indicates that the attack is related to a deflation attack that occurred one month ago, and the attacker used a multichain bridge to transfer funds from the Binance Smart Chain to Ethereum.
Tether Q3 Attestation: 85.7% Cash Reserves, $330M Loan Cut, $670M Research Spend
Tether's Q3 2023 attestation shows historic liquidity, 85.7% reserves in Cash & Cash Equivalents, reduced secured loans, and robust investment in industry research, ensuring financial resilience amid market fluctuations.
Exploit of KyberSwap's Concentrated Liquidity Feature Results in $46 Million Loss
KyberSwap suffered a $46 million loss due to a flaw in its smart contract, highlighting vulnerabilities in DeFi smart contracts and the need for improved security protocols.
Winklevoss Twins Fund Gemini Amid Crypto Downturn
Gemini co-founders Tyler and Cameron Winklevoss have reportedly loaned their own money to fund the cryptocurrency exchange during the market downturn, which comes as the exchange faces scrutiny from regulators.
Compound Treasury Launches Borrowing for Institutions
Institutions will now be able to borrow loans from Compound Treasury using Bitcoin, Ether, and supported ERC20 tokens as collateral.
Crypto Hacks in Q1 2023
In Q1 2023, hackers accessed over $320 million through 139 incidents on BNB Chain and losses of $221 million on Ethereum. While significantly lower than Q1 and Q4 2022, the quarter saw hundreds of millions lost, with 60% due to the Euler Finance hack. However, funds were recovered through negotiations with hackers, a trend increasingly common in the industry.
Investment Giant Goldman Sachs Offers the First Bitcoin-backed Lending Loan
Goldman Sachs announced to offer the first bitcoin-backed lending loan, lenders might make use of the bitcoin they own as cash collateral for this loan.
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.
Argo Blockchain Secures $20M Loan to Build Out West Texas Mining Facility
London-based Argo blockchain has secured a $20 million loan from Galaxy Digital, providing momentum as a driving force to expansion.
Euler Finance Hacker Returns Stolen Funds
Euler Finance has recovered most of the funds stolen in a flash loan attack that drained millions of dollars from various tokens, including Dai and USDC. After negotiating with the hacker, Euler Finance convinced the individual to return the majority of the stolen funds, resulting in the recovery of 12 million DAI and 10,580 ETH. The crypto community has applauded Euler Finance's efforts to recover the funds and restore investor confidence.