Generative Data Intelligence

Tag: credit facility

Top 10 Biggest Crypto Failures of 2022

This year has been a tough one for the crypto industry. From Bitcoin’s wild price swings to the implosion of major exchanges, it’s been...

BlockFi Review: Is BlockFi Safe, Legit, and Worth Your Time? [Updated 2022]

BlockFi is a cryptocurrency-focused wealth generation platform that offered a suite of products, such as the BlockFi credit card, a BlockFi custodial wallet, and...

Fintech Funding: Curve receives $1B credit facility

Card and financial app Curve has secured a $1 billion USD credit line from Swiss bank Credit Suisse, the company announced Tuesday.  London-based Curve,...

EVERTEC Announces Refinancing of Credit Facilities

SAN JUAN, Puerto Rico–(BUSINESS WIRE)–EVERTEC, Inc. (NYSE: EVTC) (“EVERTEC” or the “Company”) today announced that the Company successfully refinanced its existing credit facilities on...

Funding Societies Thailand Surpasses THB 1 Billion in Loan Disbursements

Funding Societies a Southeast Asian Small and Medium Enterprises (SME) digital financing platform, announced that its Thai business has reached THB 1 billion (US$...

The ‘DEF CON Scenario’: Investors Eye Digital Currency Group After FTX’s Implosion

As FTX collapsed — and the tide came in — builders, investors, aficionados and just about anyone with a passing interest in cryptocurrencies wondered:...

Barry Silbert Addresses Genesis Liquidity and DCG’s Debt

Digital Currency Group (DCG) CEO Barry Silbert has addressed concerns about its subsidiary Genesis’s loan book and DCG’s ongoing debt to Genesis. In a letter...

Silbert downplays liquidity crisis, expects $800M revenue in 2022 for DCG

Following rumors of potential contagion from FTX, Digital Currency Group (DCG) CEO Barry Silbert sent shareholders a memo on Nov. 22...

Crypto Lender Genesis Is On The Chopping Block As Contagion Continues

Coinsmart. Europe’s Best Bitcoin and Crypto Exchange.Click Here Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here. Source: https://bitcoinmagazine.com/business/crypto-lender-genesis-contagion-continues

Confidential Doc Reveals Genesis Sought $1B Emergency Loan From Investors: WSJ

Crypto lending firm – Genesis – reportedly sought an emergency loan of $1 billion from investors before notifying its clients of suspending redemptions...

Singapore MAS proposes to ban cryptocurrency credits

Crypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested.

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