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finance

CDCROP: A Bitfarms mining facility in Washington state, U.S. (Eliza Gkritsi/CoinDesk)
DeFi Platform Maple Finance Aims to Help Struggling Bitcoin Miners With $300M Lending Pool
The DeFi platform is launching its first fully collateralized, industry-specific lending pool with up to 20% interest rate as bitcoin miners are finding it tough to raise capital.
CDCROP: A Bitfarms mining facility in Washington state, U.S. (Eliza Gkritsi/CoinDesk)

Markets Daily Podcast Cover
Crypto News Roundup for Sept. 8, 2022
With bitcoin managing to trade back above the $19K mark as some altcoins surge on the day, plus a look at what bitcoin did over the summer and where it may be going next as we approach the fall, CoinDesk’s “Markets Daily” is back with its latest news roundup.
Markets Daily Podcast Cover

Mining rigs in Plattsburgh, NY. (Fran Velasquez/CoinDesk)
Poolin, One of the World's Biggest Bitcoin Mining Pools, Acknowledges Liquidity Issues
Poolin CEO and founder Kevin Pan assured users that funds are safe and said the company might look to debt to solve its liquidity troubles.
Mining rigs in Plattsburgh, NY. (Fran Velasquez/CoinDesk)

Issues with both DeFi and CeFi need resolution (Rachel Sun/CoinDesk)
DeFi vs. CeFi in Crypto
Decentralized finance is a core value in crypto, but DeFi platforms can have a steep learning curve. Centralized finance platforms can provide an easier and more familiar point of entry for people.
Issues with both DeFi and CeFi need resolution (Rachel Sun/CoinDesk)

Man looking at currency trading app on his smart phone from his home office
Institutional Investors Are Increasingly Using Crypto Options Trading to Hedge Their Bets in Bear Market
Options trading volume has risen on crypto exchanges, and even miners are using options strategies to muddle through the current uncertain environment.
Man looking at currency trading app on his smart phone from his home office

Core Scientific CEO Mike Levitt
Bitcoin Miner Core Scientific Gets $100M Equity Financing Despite Bear Market
The miner has the right but no obligation to sell the shares to investment bank B. Riley.
Core Scientific CEO Mike Levitt

Indian Minister of Finance Nirmala Sitharaman (IMF Photo/Cliff Owen)
Indian Finance Minister Echoes Central Bank's Crypto Ban Call but Says Global Collaboration Is Required
Finance Minister Nirmala Sitharaman made her comment in answer to a series of written questions from a member of parliament about cryptocurrency legislation.
Indian Minister of Finance Nirmala Sitharaman (IMF Photo/Cliff Owen)

CDCROP: Businessmen fighting
Celsius Looks Sloppy in New Lawsuit, but So Does the DeFi Legend Suing It
While underscoring Celsius’s disregard for risk and weak controls, KeyFi’s lawsuit also casts new, unflattering light on the crypto whale known as @0x_b1.
CDCROP: Businessmen fighting

Hong Kong skyline (Ruslan Bardash/Unsplash)
Software Firm Meitu Lost Up to $52.3M in H1 Due to Slide in Crypto Prices
The app developer had bought 940.89 BTC and 31,000 ETH in spring of 2021.
Hong Kong skyline (Ruslan Bardash/Unsplash)

CDCROP: Empty Wallet
Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market
Private and publicly listed crypto miners owe up to $4 billion in debt used to finance the construction of gargantuan facilities across North America, according to industry participants and data compiled by CoinDesk.
CDCROP: Empty Wallet