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Loans
El Salvador Plans to Offer Crypto-Based Loans for SMEs
The government will launch a first line of $10 million provided by the Solana-based lending platform Acumen in the first quarter of 2022.
Miner Bitfarms Raises $100M Bitcoin-Backed Loan From Galaxy Digital
The miner has already made an initial $60 million drawdown with a six-month term at an interest rate of 10.75%.
Maple Finance Launches First DeFi Syndicated Loan for Alameda Research
Think of it as an “on-chain crypto SPAC,” said founder Sid Powell.
Marathon Digital to Raise $500M in Convertible Notes
The bitcoin miner will use the proceeds to buy bitcoin and bitcoin miners.
Argo Blockchain Secures $25M Bitcoin-Backed Loan From Galaxy Digital
The loan will be used to fund continued expansion of the company’s data center in West Texas.
Australian Lending Startup Loda Gets $15M to Further Crypto Collateralization Efforts
Loda is among the first of its kind in the country that allows users to borrow Australian dollars against crypto, its CEO said.
Anchorage to Offer Ethereum-Backed Loans Through BankProv
This is the first time Anchorage has extended ETH-backed loans through a traditional, FDIC-insured bank.
Gemini Exchange Users Can Now Earn Interest on Dogecoin
The U.S.-based exchange also added sushiswap, injective and polygon, bringing the total of interest-earning cryptocurrencies to 32.
Crypto.com Expanding Payment Card to Australia After Becoming Visa Principal Member
Crypto.com is now a principal member of Visa's Australia network.
Blockchain-Based Lender Figure Technologies Applies for US National Bank Charter
If granted, the charter would replace the blockchain-based lender's hodgepodge of state licenses with a single nationwide regulator.
