Warren Zeroes In On Crypto Deal Structure As $75M Loan Draws Attention
A $75 million loan backed by nearly half a billion dollars worth of a company’s own tokens is now at the center of a Senate push to get regulators involved in the Trump family’s crypto operations. The Loan That Raised Questions World Liberty Financial, the crypto project tied to US President Donald Trump and his family, reportedly used around $440 million worth of its WLFI governance tokens as collateral to borrow money through Dolomite, a decentralized lending platform. Related Reading: XRP Records Biggest Spike In Network Usage In 2 Months The transaction produced roughly $65....
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A promise of 6% returns on deposits from a crypto-linked payments platform is raising red flags in Washington — and one senator wants answers. Warren Zeroes In On The Numbers The math doesn’t add up, according to Sen. Elizabeth Warren. With the federal funds rate sitting between 3.5% and 3.75%, X Money’s advertised 6% yield […]
Global investment bank Goldman Sachs has reportedly offered its first-ever loan backed by cryptocurrency. The cash loan was collateralized by bitcoin owned by the borrower. A spokesperson for Goldman Sachs explained that the deal is interesting to the investment bank due to its structure and 24-hour risk management. Goldman Sachs and Bitcoin-Backed Loans Global investment bank Goldman Sachs has offered its first-ever cash loan backed by bitcoin (BTC), Bloomberg reported Thursday. A spokeswoman for the bank explained to the publication that the secured lending facility lent cash....
Warren Buffett’s farewell as chief executive of Berkshire Hathaway ended with a paradox that will reverberate through Bitcoin markets for months. Moments after the 94-year-old “Oracle of Omaha” confirmed that vice-chairman Greg Abel will assume the top job when 2025 draws to a close, the world’s most celebrated value investor delivered a sweeping warning about […]
The Central Bank Of Venezuela applied the announced redenomination plan for the national fiat currency, the bolivar on October 1. This redenomination implied slashing six zeroes from the currency, to make payments and currency handling easier, according to earlier statements. However, just hours after applying this measure, the bolivar lost more than 20% of its value against the U.S. dollar.
Venezuela Slashes Six Zeroes From Its Currency
The Central Bank of Venezuela, the institution that dictates the monetary policy of the country, has applied a redenomination of its fiat....
Based on reports, Senators Elizabeth Warren and Elissa Slotkin have asked three federal agencies to open probes into what they call a troubling $2 billion crypto transaction linked to US President Donald Trump’s family. Related Reading: WLFI Expands Into Payments: Debit Card + Apple Pay On The Way The letter, sent to the State Department, […]