Kraken Launches US Crypto Borrowing With Up To 3x Buying Power

Kraken has launched Kraken Borrow US for eligible customers in 48 states. Users can borrow against supported assets to buy additional crypto, with total buying power of up to three times eligible collateral value. The product has no fixed repayment deadline or minimum payment, but interest and liquidation risk still apply. **ID:** B25-01 **Site:** Bitcoinist […]

Fed’s Hammack: High inflation complicates economic planning

Persistent high inflation may lead to unpredictable interest rate changes, affecting economic stability and strategic business decisions globally. The post Fed’s Hammack: High inflation complicates economic planning appeared first on Crypto Briefing.

EU faces September 30 clock to decide future of DeFi loans

The European Banking Authority has asked the European Commission to examine new MiCA rules for crypto firms that connect customers to DeFi loans. Its September 24 response calls for a cost-benefit analysis of possible duties for intermediated borrowing and lending, and for crypto-asset service providers (CASPs) that give clients access to DeFi lending through interfaces […]

Cybercriminal Directed $2.6M Crypto Heist From Prison: Prosecutors

A cybercriminal and organized crime boss masterminded a plot to steal over $2.6 million in cryptocurrency while incarcerated at Edinburgh’s Saughton prison, prosecutors said this week. Plotting Behind Bars A cybercriminal operating from inside a Scottish prison directed an organized crime gang in a series of home invasion attempts targeting millions of dollars in cryptocurrency, […]