California revokes BlockFi’s lending license 2 years after bankruptcy
Bankrupt and now defunct BlockFi has entered into a settlement agreeing to the license revocation and to cease unsafe practices. Go to Source
repayments
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Mt. Gox makes $35M BTC transfer to unmarked addresses
Around 500 BTC has been moved from a Mt. Gox-associated address but it is unclear if this is related to repayments. Go to Source
Mt. Gox begins repayments in Bitcoin and Bitcoin Cash
The collapsed exchange has started debt repayments to creditors via select crypto exchanges, following the Rehabilitation Plan. Go to Source
Mt Gox Saga Nears End of the Road — Creditors Required to Register With Exchanges, Bitstamp Selected by Trustee
Mt Gox creditors have been issued new information concerning their claims and it seems they now have until January 10, 2023 (Japan time) to register for a repayment method. The latest notice says that any creditors that wish to receive payment, must finish the “selection and registration” section on the system platform by the deadline. … Read more
Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’
On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin (BTC) from Mt … Read more
How crypto can modernize the world of lending
Crypto lending offers powerful advantages when compared with the status quo, including more competitive interest rates and flexible terms. Go to Source Powered by WPeMatico
Japanese Corporation Begins Offering Loans Secured by Cryptocurrency
An established Japanese corporation has begun offering loans secured by cryptocurrency. The company says this is the first service in Japan where loans in Japanese yen can be obtained with cryptocurrency as collateral. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Loan Program Abic Corporation announced Friday the launch of its bitcoin loan … Read more
