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Bitcoin is not only a digital asset but also a powerful financial tool that can be used as collateral to secure loans. This allows Bitcoin holders to access liquidity without selling their holdings. Here’s a step-by-step guide on how to use Bitcoin as collateral for a loan. 1. Understand How Bitcoin-Backed Loans Work Bitcoin-backed loans are a type of secured loan where Bitcoin is used as collateral. The borrower deposits Bitcoin with a lender in exchange for cash, while the lender holds the cryptocurrency as security until the loan is repaid. 2. Choose a Reputable Crypto Lending Platform Several platforms…

A family in Mogosiek, Bomet County, is devastated after losing their 20-year-old son, Brian Moi, who was allegedly stabbed to death by a smokie vendor. Brian’s father, Geoffrey Ngetich, shared with Newshub.co.ke that the tragic incident occurred when his son accidentally knocked over a portion of kachumbari (a mixture of tomatoes, onions, and peppers) belonging to the vendor. What started as a minor accident quickly escalated into a deadly confrontation. How Did Brian Moi Lose His Life?According to his father, Brian had gone to buy an egg from the vendor. In a moment of carelessness, he knocked over the kachumbari…

Cryptocurrency scams have become a growing concern as more people engage in digital asset investments. Scammers are constantly finding new ways to steal crypto by tricking individuals into sending their funds to compromised wallets or giving away sensitive personal information. To safeguard your crypto holdings, it’s essential to be aware of the different types of scams targeting cryptocurrency users and understand how to spot them early. Key Takeaways Types of Cryptocurrency Scams Cryptocurrency scams can generally be divided into two categories: Social Engineering Fraud One of the most common types of scams involves psychological manipulation, where scammers build trust with…

On average, adding a 16-year-old driver to a full coverage policy costs about $3,824 per year. To find the most affordable car insurance for young drivers, the best approach is often to add them to a parent’s or guardian’s existing policy. This method can help lower the premium. Additionally, certain discounts designed specifically for young drivers can make the insurance costs more manageable. Car insurance for teenagers and young drivers can be quite costly, mainly because they are viewed as high-risk due to their inexperience behind the wheel. Unfortunately, this means that insuring them often comes with a high price…

In recent years, cryptocurrency has revolutionized many aspects of finance, including lending. Crypto loans offer a unique way for crypto holders to leverage their digital assets without selling them. By using their cryptocurrency as collateral, borrowers can access funds with lower interest rates compared to traditional loans. This has opened doors for many individuals looking for a cost-effective way to borrow money while keeping their assets intact. What Are Low-Interest Crypto Loans? A low-interest crypto loan is a type of loan where the borrower pledges their cryptocurrency (such as Bitcoin, Ethereum, or other altcoins) as collateral to secure the loan.…

Borrowing against your cryptocurrency holdings is an effective way to access liquidity without selling your assets. This strategy is useful for investors who want to hold onto their crypto while utilizing its value for immediate financial needs. In this guide, we will explain how to borrow USDT, USDC, or BTC using your existing crypto holdings as collateral. Step 1: Choose a Crypto Lending Platform Several platforms allow users to borrow stablecoins or Bitcoin using their crypto assets. Some of the most popular lending platforms include: Each platform has different interest rates, loan-to-value (LTV) ratios, and terms, so it’s essential to…

The National Empowerment Network of People Living with HIV/AIDS in Kenya (NEPHAK) has officially written to the U.S. government, urging an extension of the 90-day waiver for the President’s Emergency Plan for AIDS Relief (PEPFAR). The organization stressed that an extended waiver would allow for a well-structured and responsible transition plan to ensure continued support for beneficiary countries. In a statement issued on Sunday, February 16, NEPHAK appealed to U.S. authorities to reconsider their approach while realigning financial aid. They emphasized the need for an extended waiver to enable affected countries to collaborate on a strategic transition that safeguards healthcare…

President William Ruto and Prime Cabinet Secretary Musalia Mudavadi have announced a fresh round of government appointments through a gazette notice, filling key positions in various state agencies. One of the notable appointments was that of Captain Kungu Muigai, a cousin of former President Uhuru Kenyatta. His appointment comes just weeks after a court nullified his membership in the Kenya Cultural Centre Council. Now, he has been promoted to serve as the Chairperson of the same council for a two-year term. Mudavadi, who also serves as the Cabinet Secretary for Gender, Culture, the Arts, and Heritage, played a crucial role…

Deputy President Kithure Kindiki has openly acknowledged the challenges facing Kenya’s Social Health Authority (SHA) and has called on the government to recognize these issues and work towards improving the system. Speaking at various forums, including a recent event in Embu County, Kindiki emphasized the government’s commitment to refining the SHA to better serve all Kenyans. The SHA, established to provide comprehensive health coverage under the Taifa Care program, has faced criticism due to operational inefficiencies and system failures. Patients have reported difficulties in accessing medical services, with some being denied treatment despite having made the necessary contributions. In response…

Following his recent defeat in the African Union Commission (AUC) chairperson election, former Kenyan Prime Minister Raila Odinga has graciously conceded and extended his congratulations to the victor, Djibouti’s Mahamoud Ali Youssouf. The election, held on February 15, 2025, in Addis Ababa, Ethiopia, saw Youssouf secure the position after seven rounds of voting. In his concession speech, Odinga expressed gratitude to both his supporters and those who did not vote for him, emphasizing the importance of democratic processes in Africa. He stated, “I want to thank all those who voted for me and those who didn’t because of exercising their…