Singaporean Court Blocks Sale of a Bored Ape (BAYC) NFT: Report

A Singaporean court has frozen the sale of one BAYC NFT after an ownership dispute emerged involving its use as loan collateral.

Terra Stablecoin Peg Slips Below $0.90—Despite Loan From Bitcoin Reserves

Terra's UST stablecoin has continued to slip below its dollar peg—and throwing money at the problem has yet to work.

Luna Foundation to Loan $1.5B in BTC and UST to Defend Stablecoin’s Peg

LFG's decision comes after the algorithmic stablecoin, UST, briefly lost its dollar peg as it plummeted to $0.98 over the weekend.

LFG to deploy $1.5 billion to bolster UST peg and build BTC reserves

LFG outlined that it will first loan out $750 million worth of BTC to over-the-counter trading firms to manage the capital and “help protect” UST.

How $50 Million in Loans Nearly Crashed Fantom

What happens to a crypto network when a $50 million loan gets liquidated on-chain? Well, last week Fantom gave us the alarming answer.

Coinbase Uses Goldman Sachs’ First Bitcoin (BTC)-Backed Loan Product: Report

The largest cryptocurrency marketplace in the US is using Bitcoin (BTC) as collateral to get funding from a leading Wall Street bank.

Coinbase Collateralized Bitcoin for the First BTC-Backed Loan by Goldman Sachs

Coinbase is the first crypto firm that received bitcoin-backed loans from a traditional banking giant.

Coinbase took out the first Bitcoin-backed loan from Goldman Sachs

The largest exchange in the US has taken out a loan from Goldman collateralized in Bitcoin as a Wall Street first, paving the way for others to follow. America’s largest crypto exchange Coinbase has been revealed as the mystery firm that took out Wall Street’s first Bitcoin-backed loan from Goldman Sachs.Goldman Sachs has $2.5 trillion assets under management as of 2021.Bloomberg reported on Tuesday that the Bitcoin-backed loan issued by Goldman had been taken out by Coinbase as a way to deepen ties between the crypto and tradfi world, with the head of Coinbase Institutional Brett Tejpaul stating that: “Coinbase’s work with Goldman is a first step in the recognition of crypto as collateral which deepens the bridge between the fiat and crypto economies.”The dollar value of the loan has not been disclosed, but it was collateralized by a portion of Coinbase’s total holdings of 4,487 Bitcoin, worth around $170 million today.

MicroStrategy may explore 'future yield generation opportunities' on 95,643 BTC holdings

As of March 31, MicroStrategy held a total of 129,218 BTC, which the firm reported had a carrying value of roughly $2.9 billion. Business intelligence firm MicroStrategy said it will consider opportunities for yield generation on 95,643 “unencumbered” Bitcoin (BTC) held by its subsidiary MacroStrategy.In MicroStrategy’s report for the first quarter of 2022 released on Tuesday, the firm said it “may conservatively explore future yield generation opportunities on unencumbered MacroStrategy bitcoins” as a consideration following a $205 million BTC-collateralized loan issued by Silvergate Bank in March.

HashStack Addresses DeFi Loan Collateralization Inefficiences And Improves Asset Utilization

Hashstack aims to disrupt and improve the appeal of decentralized borrowing and lending.

Global Investment Bank Goldman Sachs Offers Its First Bitcoin-Backed Loan

Global investment bank Goldman Sachs has reportedly offered its first-ever loan backed by cryptocurrency.

Banking Giant Goldman Sachs Launching Its First-Ever Loan Collateralized by Bitcoin (BTC)

Banking and financial services titan Goldman Sachs is making its first-ever loan grant to a borrower fully backed by leading digital asset by market cap Bitcoin (BTC).

Singapore’s Cake DeFi Launches New Loan Service, Accepting Crypto as Collateral

Customers of Cake DeFi platform will now be able to get cash loans by placing their cryptocurrencies as collateral.

Goldman Sachs Offers Its First Bitcoin-Backed Loan

Wall Street banking giant Goldman Sachs has announced its first-ever lending facility that has been backed by Bitcoin.

Investment Giant Goldman Sachs Offers the First Bitcoin-backed Lending Loan

Goldman Sachs announced to offer the first bitcoin-backed lending loan, lenders might make use of the bitcoin they own as cash collateral for this loan.

Goldman Sachs offers first Bitcoin-backed loan as Wall Street embraces crypto

Goldman Sachs has offered its first Bitcoin-backed loan, showing further signs of increased interest in cryptocurrency from Wall St institutions. Goldman Sachs has offered its first Bitcoin-backed loan, in a major step forward for institutional cryptocurrency adoption on Wall St. A spokeswoman from Goldman told Bloomberg that the multinational investment bank had lent cash collateralized by Bitcoin (BTC) owned by the borrower for the first time in Goldman Sachs’ history.

Home sweet hodl: How a Bitcoiner used BTC to buy his mom a house

The story of the 28-year-old engineer who took a loan out against his Bitcoin to pay for his mom’s house. There’s a special bond between mothers and their sons.

Uncollateralized DeFi mortgage taken out on Austin condo via Teller

An Austin resident is a proud homeowner after securing a loan denominated in USDC stablecoin over the Polygon network by using their credit score. A new homeowner has bought an apartment in Austin, Texas through a program that allows crypto holders to take out traditional uncollateralized mortgages based on their credit scores.The USDC.homes crypto mortgages platform issued its first crypto loan to an Austin resident who bought a $680,000 condo with a $500,000 loan issued in USD Coin (USDC) stablecoin over the Polygon (MATIC) network.

Ethereum DeFi Project Teller Facilitates First Uncollateralized Mortgage Loan

On-chain DeFi mortgages are here.

Beanstalk Farms loses $182M in DeFi governance exploit

The stablecoin protocol saw its own governance proposal system exploited enabling the malicious actors to extract all of its $182 million in collateral. Credit-based stablecoin protocol Beanstalk Farms lost all of its $182 million collateral from a security breach caused by two sinister governance proposals and a flash loan attack.The problem for the protocol was seeded by suspicious governance proposals BIP-18 and BIP-19 issued on April 16 by the exploiter that asked for the protocol to donate funds to Ukraine.

New crypto card by Nexo allows users to pay without selling Bitcoin

Nexo has officially launched its cryptocurrency credit card in collaboration with Mastercard after announcing the project back in 2019. Major cryptocurrency loan company Nexo has officially launched a crypto-backed Mastercard card enabling users to pay for services with cryptocurrencies like Bitcoin (BTC) without selling their crypto.Nexo has partnered with Mastercard and the peer-to-peer payment startup DiPocket to launch the Nexo Card, a crypto card allowing cardholders to use their crypto as collateral rather than selling it, the firm announced to Cointelegraph on Wednesday.The card is linked to a Nexo-provided, crypto-backed credit line allowing to use of multiple assets as collateral, including but not limited to Bitcoin, Ether (ETH) and the Tether (USDT) stablecoin."The Nexo Card functions through Nexo’s crypto-backed credit lines which means that funds for your purchases come from your available credit line while your digital asset portfolio remains intact," a spokesperson for Nexo told Cointelegraph.

UK-based loan provider lets investors tokenize their fund with Securitize partnership

The bridge financing fund becomes the first UK-based company to establish such partnership with a US platform. Whitehall Capital, a London-based loan provider, struck a deal with an American digital asset securities marketplace Securitize to enable its investors to hold their units as blockchain tokens.According to an April 11 announcement, Whitehall investors will be able to use buy and sell units in the Whitehall fund via Securitize platform.

Ethereum NFT-Backed Loan Market Heats Up as CryptoPunks Owner Borrows $8.3M

The holder, who jilted auction house Sotheby’s in February, secured a sizable DAI loan on a bundle of 104 CryptoPunks NFTs.

Nasdaq-Listed Microstrategy Obtains $205 Million Bitcoin-Backed Loan to Buy More BTC

Nasdaq-listed Microstrategy has obtained a $205 million bitcoin-collateralized loan from Silvergate Bank through a subsidiary to buy more bitcoin.

MacroStrategy Secures Collateral Loan, Worth $205m from Silvergate Bank for Purchasing Bitcoin

MacroStrategy, a subsidiary of US-based MicroStrategy, has shown further interest in continuing buying and holding more Bitcoin.

MicroStrategy subsidiary will purchase Bitcoin after closing $205M crypto-collateralized loan

The price of Bitcoin is $47,806 at the time of publication, making MicroStrategy's current 125,051 BTC holdings worth roughly $6 billion. MacroStrategy, a subsidiary of business intelligence firm MicroStrategy, said it will purchase Bitcoin after obtaining a multimillion dollar loan from Silvergate Bank.In a Tuesday announcement, MicroStrategy said Silvergate issued a $205 million loan “secured by certain Bitcoin held in MacroStrategy’s collateral account.” The firm's subsidiary MacroStrategy will be using the proceeds of the loan to purchase Bitcoin (BTC), pay fees and interest related to the loan and handle general corporate expenses.“The SEN Leverage loan gives us an opportunity to further our position as the leading public company investor in Bitcoin,” said MicroStrategy CEO Michael Saylor.

MicroStrategy Takes Out $205M Bitcoin-Backed Loan to Buy More Bitcoin

A subsidiary of Michael Saylor’s MicroStrategy is leveraging its Bitcoin to buy more Bitcoin with a $205 million loan from Silvergate Bank.

MicroStrategy to Buy More BTC Following $205M Bitcoin-Collaterized Loan From Silvergate

MicroStrategy's subsidiary - MacroStrategy - wants to utilize the funds to purchase more bitcoins.

Russia and Belarus face crypto sanctions, Crypto.com hounds users for loan payments and Biden signs executive order on crypto: Hodler’s Digest, March 6-12

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week.

Nodle Wins Polkadot Parachain To Advance Decentralized Wireless Network

March 11, 2022 – San Francisco, California With 320,000 mobile downloads and moving over two billion data payloads per day, the project secured the 11th parachain slot with $42 million worth of DOTs committed to their crowd loan.