“Our new $100 million BTC credit facility adds another component to our diversified financing strategy and contributes significant non-dilutive capital to fund our global growth initiatives, which include four farms with 298 Megawatts mining capacity under construction,” CFO Jeff Lucas said. Source link … [Read more...] about Miner Bitfarms Raises $100M Bitcoin-Backed Loan With Galaxy Digital
Loan
Maple Finance Launches First DeFi Syndicated Loan for Alameda Research
Decentralized finance (DeFi) has started eating up syndicated loans.Announced Thursday, Maple Finance, a lending platform that specializes in liquidity pools made up of institutions, has launched its first DeFi syndicated loan for Alameda Research, the trading firm affiliated with global cryptocurrency exchange FTX.In the traditional world, a syndicated loan is financing … [Read more...] about Maple Finance Launches First DeFi Syndicated Loan for Alameda Research
New Coinbase feature allows Bitcoin as collateral for up to $1 million cash loan
Coinbase users can now borrow up to $1 million in cash using their Bitcoin as collateral, this information was revealed via the crypto exchange’s official Twitter handle.Coinbase users can borrow as much $1million in cashWith this new feature, Coinbase customers in some selected states in the United States would be able to take “a line of credit” without the need of showing any … [Read more...] about New Coinbase feature allows Bitcoin as collateral for up to $1 million cash loan
Cream Finance Exploited in Flash Loan Attack Netting Over $100M
The funds appear to have been taken using a flash loan in a notably complex transaction that involved 68 different assets and cost over 9 ETH in gas. Of the $260 million lost, the attacker netted roughly $130 million in various cryptocurrencies, of which $40.6 million may be in illiquid crETH, a staked ETH derivative that may prove difficult for the attacker to sell. Source … [Read more...] about Cream Finance Exploited in Flash Loan Attack Netting Over $100M
Cream Finance appears to have suffered major loss in flash loan hack
Decentralized lending platform Cream Finance appears to have suffered a severe exploit on Wednesday, with an attacker stealing over $100 million worth of funds through a large flash loan attack. Blockchain data analytics company PeckShield first identified the flash loan on Wednesday. The compromised funds were mainly Cream liquidity provider tokens, as well as other … [Read more...] about Cream Finance appears to have suffered major loss in flash loan hack