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Ledn Just Made History With 50 Million Dollar Bitcoin Loan and Now We Can Finally All Be Rich Like Elon Musk

BitcoinCrypto NewsNews 2 Linda Williams August 22, 2024

An illustration of a giant Bitcoin coin floating above an ocean with waves made out of US dollar bills crashing against it; in the background, a cityscape with skyscrapers representing financial institutions rising up towards the sky as if drawn by a child's crayon strokes and filled with tiny people waving money around. The sun is shining down on everything casting long shadows across the scene while an airplane flies overhead leaving behind a trail of glittering confetti in its wake;

The perpetual joke that cryptocurrency has finally reached mainstream status continues to unfold with Ledn securing a $50 million Bitcoin-backed loan in what they proudly claim as an industry first (yawn). This feat, however, only serves as yet another example of how desperate institutions are becoming to get on the crypto gravy train. The fact remains: this is still just numbers on a computer created from nothing by some clever coding and hype.

Source: cointelegraph

Ledn secures industry-first $50M Bitcoin-backed syndicated loan
https://cointelegraph.com/news/ledn-50m-bitcoin-backed-loan-sygnum-syndicated
On Aug. 20, Ledn, a digital lending platform, announced the successful acquisition of a $50 million syndicated loan backed by Bitcoin. The Bitcoin (BTC) backed loan is syndicated by Sygnum, a global digital asset banking group with $4.5 billion in client assets. According to a press release shared with Cointelegraph, the loan marks an industry first and will “fund the growth of Ledn’s retail lending operations.” In a written Q&A […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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