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The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market. Go to Source Powered by WPeMatico
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per second (EH/s) of Greenidge’s mining capacity, and Greenidge further entered into a hosting deal with NYDIG for the same 2.8 … Read more
The move comes in response to a wave of mainstream media attacks and FUD, primarily from the Wall Street Journal. Go to Source Powered by WPeMatico
Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled that Binance Pool intends to launch cloud mining products. Leading Exchange Binance Looking to Help Bitcoin Miners in Difficult Times for Crypto Business Binance, the … Read more
After repayment of TrueFi’s $92 million loan, Wintermute still owes $97.4 million to Maple Finance and Clearpool in loans. Go to Source Powered by WPeMatico
Over 98% of voting tokens favor the deal, which also stipulates that Mango Markets won’t pursue criminal charges. Go to Source Powered by WPeMatico
TrueFi does not expect Blockwater Technologies’ default to affect its stablecoin lending pools or capital market portfolios. Go to Source Powered by WPeMatico
The institutional lending platform has facilitated $1.8 billion worth of digital currency loans since May 2021. Go to Source Powered by WPeMatico
Flash loans allow users to borrow a high amount of assets without having to provide any upfront collateral, this is often used by miscreants to launch attacks on DeFi protocols. Go to Source Powered by WPeMatico
Liquidator Teneo has recovered only a miniscule portion of the Singapore-based Three Arrows Capital so far, while cofounder Zhu has allegedly tried to sell property there. Go to Source Powered by WPeMatico
