-
Have Bitcoin? Need Cash? Strike Launches New Product Allowing Users To Borrow Up To $2 Million
Wednesday, May 7, 2025 - 3:27am | 599Read More...The thought of selling Bitcoin (CRYPTO: BTC) makes you feel squeamish? Strike, a cryptocurrency payments firm, has launched a new lending product that allows users to take out loans using the world's largest cryptocurrency as collateral. What Happened: The firm's CEO, Jack Mallers, took to X,...
-
Shiba Inu Lead Developer Shytoshi Kusama Reacts As Kraken Adds Memecoin As New Collateral — Burn Rate Fires 139103%
Friday, August 30, 2024 - 2:56am | 482Read More...Shiba Inu (CRYPTO: SHIB) lead developer Shytoshi Kusama welcomed the addition of the popular memecoin as a collateral currency for backing futures positions on the cryptocurrency exchange Kraken. What happened: Kraken Pro, the exchange’s interface for professional traders, stated Thursday...
-
Major DeFi Move: Curve Finance Creator Bolsters Position With $24M Collateral Deposit Into Aave
Monday, June 12, 2023 - 12:43pm | 426Read More...An intriguing move was made by a wallet believed to be owned by Michael Egorov, the creator of Curve Finance, with the wallet deposited an eye-popping 38 million Curve DAO (CRYPTO: CRV) tokens, valued at around $24 million, into Aave (CRYPTO: AAVE), a decentralized lending platform. On-chain...
-
Regulators Allowing Cannabis Licenses As Collateral For Loans In Maryland
Friday, November 5, 2021 - 5:24pm | 574Read More...The Maryland Medical Cannabis Commission passed a new rule this week that will allow cannabis business owners to use their licenses as collateral for bank loans, reported the Baltimore Business Journal. Chris Chick, the chief lending officer of CFG Bank - one of the few Maryland banks...
-
UEFA Financial Fair Play Regulations: A Lesson for the European Debt Crisis
Thursday, May 31, 2012 - 12:57pm | 711Read More...Fans of European club football, governed by the United European Football Association (UEFA), know that football clubs have been struggling with debt and excess leverage. Just like other corporations, football clubs took advantage of cheap credit to fund their operations, either to build new...
-
BP Pledges Assets For $20 Billion Oil-Spill Trust (BP)
Friday, October 1, 2010 - 2:18pm | 145Read More...BP Plc (NYSE: BP) announced that it was pledging certain Gulf of Mexico oil assets as collateral for the $20 billion Oil Spill Trust, which it establishing in order to pay claims associated with its Macondo well spill. The collateral comprises of an overriding royalty interest in BP's oil and gas...
