Loans


Finance

BlackRock Gives Bankrupt Bitcoin Miner Core Scientific New $17M Loan

BlackRock, which already was Core's largest shareholder, previously held $37.9 million of the miner's secured convertible notes.

BlackRock headquarters (Shutterstock)

Finance

Bitcoin Miner Core Scientific's Lender Wants to Give Miner $72M to Avoid Bankruptcy

Investment bank B Riley said most of the struggling miner's issues are "self-imposed and can be corrected."

Core Scientific CEO Mike Levitt (Danny Nelson/CoinDesk)

Markets

Crypto Trader Auros Global Misses Payment on DeFi Loan as FTX Contagion Spreads

The company missed payment on a 2,400 wrapped ether loan worth $3 million from a M11 Credit pool on Maple Finance.

(Leon Neal/Getty Images)

Finance

Bitcoin Miner Iris Energy Faces Default Claim on $103M of Equipment Loans

The company has said it will default on the debt Tuesday unless it can reach a restructuring agreement with its lender.

El bear market afectó los precios de minería de bitcoin. (Marko Ahtisaari/Flickr)

Finance

Latinoamericanos acuden a créditos cripto en medio de una alta inflación y tasas de interés exorbitantes

El sistema bancario tradicional y la inestabilidad económica dificultan la obtención de créditos en América Latina, pero los préstamos cripto están prosperando en toda la región.

Las tasas para los préstamos de los bancos tradicionales aumentaron exponencialmente, lo que potenció el crecimiento de plataformas de préstamos cripto. (Unsplash)

Finance

Bank Run at NFT Lender BendDAO Prompts Attempt to Avert Another Liquidity Crisis

Faulty auction mechanics highlighted the downside of letting people borrow money against their Bored Apes.

A Bored Ape owner searches for upside without risking auction liquidation. (Danny Nelson/CoinDesk)

Finance

Marathon Doubles Loan Borrowing Capacity to $200M as Mining Rigs Sit Idle

The firm doubled its credit from Silvergate Bank even as Marathon's operations are facing severe downtime and delays.

MARA Holdings CEO Fred Thiel, at the Bitcoin conference in Miami (CoinDesk)

Finance

Three Arrows Capital Founders Break Their Silence, Look to Move to Dubai: Report

The beleaguered duo discussed how one of the most successful crypto funds went from being a prominent trading desk to owing creditors $2.8 billion.

Su Zhu of Three Arrows (CoinDesk)