Bitcoin

‘Warren Buffett’ Isn’t Shorting Bitcoin: New Crypto Loan Report Concludes

A new report from bitcoin and crypto load provider Genesis Capital reveals some interesting insights into institutional short-selling of cryptocurrencies. Notably, BTC is used less for speculation than altcoins while naysayers Jamie Dimon, Warren Buffett, and Nouriel Roubini are not shorting bitcoin.  $ 425 Million New Loan Originations In First Quarter Crypto-Loans provider, Genesis Capital […]

Ethereum

‘A Loan Shark Situation’: MakerDAO Is Leaving Crypto Borrowers With Rising Bills – And They’re Crying Foul

The Takeaway An ethereum protocol for programmatic lending, MakerDAO emerged as a clear market leader in part for its rock-bottom interest rates of 0.5 percent. But the code behind MakerDAO requires interest rates to do more than extract business from borrowers, it’s a technological necessity for keeping its DAI stablecoin worth $ 1. With interest […]

Crypto News

Porsche Arranges $170m Loan Using BBVA’s Blockchain Platform

Advertisement Prestige car-maker Porsche has arranged a loan to back its proposed strategic acquisitions using Spanish-bank BBVA’s ever-developing distributed ledger technology (DLT) platform. The loan, valued at €150 million (the equivalent of nearly $ 170 million USD) is, says a press release from BBVA: “The first acquisition term loan ever arranged through blockchain technology.” Acquisition […]

Crypto News

BBVA and Co-Lenders Complete $150 Million Syndicated Loan on a Blockchain

Advertisement Twitter Facebook LinkedIn Two European and one Japanese bank one have completed the first blockchain-based syndicated loan. Together with France’s BNP Paribas and Japan’s Mitsubishi UFJ Financial Group, Spain’s banking behemoth BBVA utilized a private blockchain network in arranging a syndicated loan amounting to US$ 150 million for grid operator Red Electrica. Initially reported […]

Crypto News

Cryptocurrency-Backed Loan Service SALT Lending Expands Network to 35 States

Advertisement Cryptocurrency-collateralized loan provider SALT Lending has announced that it is now operational in 35 U.S. states after receiving regulatory approval to expand its network to 20 new localities. The Colorado-based firm is perhaps the best known of several companies that allow borrowers to stake their bitcoin and other cryptocurrency assets as collateral when applying […]