Crypto users split on taking out loans to buy Bitcoin dips
Some crypto investors are willing to risk extensive financial obligations for a chance to get into Bitcoin. Taking on debt is a complex personal decision that should not be entered into without great care and financial consideration. With Bitcoin's (BTC) recent return to all-time price highs, some moonstruck Bitcoiners have begun taking out bank loans to increase their position on the asset. While this may seem like a short road to riches for some, others view such financial moves as foolish, given the inherent volatility in the space.In a Friday tweet from Peter McCormack, the What....
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While non-fungible token (NFT) collectibles have become a hot commodity over the last 12 months, a number of NFT owners are taking loans out against their NFTs. This month, a project called Nftfi has facilitated $25.6 million in NFT loans so far, and last month the lending marketplace recorded nearly $50 million in NFT loans.
NFT Lending and Borrowing Continues to Grow
NFTs have become a billion-dollar industry during the last year and a popular blockchain technology use case. Even though sales have slid in recent times amid the crypto market downturn, NFTs are still selling for....
The QuickSwap community has decided to split the platform’s native token, QUICK. Reacting to the upside in the last hour and past 7-days, QUICK could see more upside as the Polygon-based decentralized exchange moves to increase its level of adoption. Related Reading | QuickSwap Asks The Community, To Split or Not to Split QUICK Token? At the time of writing, QuickSwap (QUICK) trades at $225 with a 2.6% and 31% profit in 24-hours and one week, respectively. QUICK has seen its largest profits, on low timeframes on March 19 and 20, as the community inclined to split the token in 1:1000....
Kenyans using popular money transfer service M-Pesa to get bank loans can longer do so. The bank involved suddenly cut the service following a legislation update. M-Pesa Loans ‘On Hold For Now’. Kenya Commercial Bank (KCB) gave neither warnings nor comments on the move. The decision followed the enactment of the country’s new Banking (Amendment) Act 2016....
Since January 3, 2009, the Bitcoin network has been functional for 99.98662952015% of the time. However, the protocol has had a few hiccups along the way and on a few occasions, the chain split into two. Most people are well aware of the Bitcoin Cash split that took place on August 1, 2017, but the first time the Bitcoin chain split was 11 years ago on August 15, 2010. Strange Block 74,638 4,019 days ago on August 15, 2010, the Bitcoin community had a problem which was dubbed the “overflow bug.” What was also called a “malicious event” or “Strange block....
The dream of every borrower is to get loans without collateral and Flash loans in DeFi allow you to fulfill that dream. If you’ve been denied a loan application for lack of security, you’ll understand the accompanying frustrations. Some of the traditional financial institutions can be hardcore when it comes to loans. But who needs […]