Loan | Crypto

Metaplanet has secured a new $130M Bitcoin-backed loan to add BTC, expand its options income business and support share buybacks, even as it reports large unrealized losses and launches Mars and Mercury preferred shares to address a market discount to its Bitcoin reserves. The post Metaplanet Doubles Down: $130M Loan to Buy More BT Despite $643M Loss – Bold or Reckless? appeared first on Cryptonews.

The U.S. Securities and Exchange Commission (SEC) has filed civil charges and sought an emergency asset freeze against First Liberty Building & Loan, LLC, a lending institution based in Newnan, Georgia, and its founder and owner, Edwin Brant Frost IV. The SEC alleges that the firm and its owner orchestrated a Ponzi scheme that defrauded […] The post SEC charges Georgia’s First Liberty Building & Loan and owner in $140M Ponzi scheme appeared first on CryptoSlate.