Lending Financial News
21.06 / 13:14
Blockchain
Altcoin
lending
Celsius warns community about fake accounts, pauses Twitter spaces and AMAs
A week after it started its withdrawal freeze, crypto lending platform Celsius Network warned the community of a rise in fake social media accounts claiming to be affiliated with the company.
21.06 / 08:23
business
lending
Crypto lending platform Babel Finance reaches counterparty debt agreement
Hong Kong-based crypto lending firm, Babel Finance, has eased some of its immediate liquidity troubles by reaching debt repayments agreements with some of its counterparties.
20.06 / 17:05
cryptocurrency
lending
Financial Services
Babel Finance to Repay ‘Some Debts’ and ‘Ease Its Short-term Liquidity Pressure’
Crypto-financial services provider Babel Finance claims to have reached certain “preliminary agreements” with “major” and “relevant” players on the repayment period of “some debts” – easing its short-term liquidity pressure.
20.06 / 11:53
wallet
lending
governance
community
Solana-Based 'DeFi' Lender Solend Goes for Whale Hunting and Backpedals Instantly
A new proposal put forward by Solana (SOL)-based borrowing and lending service Solend to disapprove the takeover of the protocol's largest account following huge backlash from the community has passed with an overwhelming majority of votes.
20.06 / 08:11
Altcoins
lending
Celsius
Celsius 'In Dialogue' With 'Regulators & Officials', Gets Quieter About Its Operations
In a most recent update, troubled major crypto lender Celsius (CEL) did not provide any indications of when it expects to stabilize its liquidity and operations, but stressed its focus on its work with "regulators and officials" while limiting communication with its clients.
17.06 / 14:37
Blockchain
lending
Bitcoin
restrictions
Finblox withdrawal restrictions trigger concerns from the community
Finblox, a crypto-staking platform backed by Three Arrows Capital (3AC) has paused reward distributions and tightened its withdrawal limits. Following this, community members expressed concerns over their assets, with some calling for transparency and bringing up decentralization.
16.06 / 09:17
business
Law
lending
YouTube
class action
BitBoy founder threatens class action lawsuit against Celsius
Just two weeks after appearing in an ask me anything (AMA) with Celsius founder Alex Mashinsky, crypto Youtuber Ben Armstrong has announced he intends to file a class action lawsuit against the lending platform and its chief executive.
15.06 / 09:17
business
Blockchain
defi
lending
Su Zhu’s cryptic statement as rumors swirl of 3AC liquidations and insolvency
Su Zhu, the co-founder of Singapore-based crypto venture capital firm Three Arrows Capital (3AC) has put out a cryptic statement on Twitter in response to swirling rumors that the company is battling against insolvency.
14.06 / 23:51
Law
regulation
lending
Iowa regulator orders BlockFi to pay $943K over alleged unregistered securities offering
The Iowa Insurance Division, or IID, a regulator responsible for many securities sales in the state, has fined crypto lending firm BlockFi more than $943,000 after allegedly offering and selling unregistered securities.
13.06 / 18:19
markets
Ethereum
lending
Uniswap
Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH
Ethereum's native token Ether (ETH) fell to as low as $950 on Uniswap—a decentralized crypto exchange— this June 13, about 20% lower than its spot rate across other exchanges.
13.06 / 07:49
Ethereum
defi
lending
Aave
Withdrawals
Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused
Crypto staking and lending platform Celsius may be dealing with its rumored liquidity crisis by unstaking $247 million worth of Wrapped Bitcoin from Aave and sending it to FTX exchange.
08.06 / 00:05
business
lending
Scalability
layer2
TrueFi launches on Optimism, expanding access to on-chain credit
Unsecured lending protocol TrueFi has become the latest project to launch on Optimism, Ethereum’s popular layer-2 scaling solution, in a move that’s expected to boost demand from non-institutional lenders.
20.05 / 07:55
business
defi
Liquidity
lending
Mashinsky says ‘Sharks of Wall Street’ circling around Celsius and other projects
The CEO of crypto lending and staking platform Celsius Alex Mashinsky believes “the Sharks of Wall Street” can smell blood in the water and are causing instability at several crypto projects.
13.05 / 12:11
Blockchain
defi
Liquidity
lending
defi protocols
Exploit
DeFi protocols declare losses as attackers exploit LUNA price feed discrepancy
The seemingly endless freefall of Terra (LUNA) affected two decentralized finance (DeFi) protocols due to a price discrepancy, as the Chainlink price feed for LUNA gets suspended over extreme market conditions.
09.05 / 15:19
Stablecoin
lending
Terra
Bitcoin
Luna Foundation Loans Out BTC to Defend Bitcoin Peg, Faces Community Backlash
The Luna Foundation Guard (LFG), the entity tasked with holding bitcoin (BTC) as part of the reserves backing the TerraUSD (UST) stablecoin, has loaned out USD 750m worth of BTC to a trading firm “to help protect the UST peg.” Confronted with what this really means, Terra (LUNA) founder Do Kwon claimed that the LFG is not seeking to exit its BTC position.
27.04 / 06:41
defi
Polygon
lending
Uncollateralized DeFi mortgage taken out on Austin condo via Teller
A new homeowner has bought an apartment in Austin, Texas through a program that allows crypto holders to take out traditional uncollateralized mortgages based on their credit scores.
26.04 / 05:05
21.04 / 06:27
Adoption
lending
Credit Suisse
Bitcoin Suisse adopts decentralized Liquity as lending product
Bitcoin Suisse has begun offering decentralized finance (DeFi) services to its clients with the addition of the Liquity protocol to its product lineup. It allows customers to post Ethereum (ETH) collateral in the protocol to mint and borrow the Liquity Dollar (LUSD) stablecoin.
15.04 / 20:09
NFT
Investing
Non-fungible tokens
lending
NFTfi Eyes Massive Growth for NFT Lending; CryptoPunks, BAYC & Art Blocks Most Common Collateral
NFTfi, a company in the non-fungible token (NFT) lending industry, expects to see massive growth in the sector, where crypto holders get a chance to earn yields on their capital, or potentially secure a digital art piece from top collections like CryptoPunks at steep discounts.
15.04 / 06:39
business
defi
lending
KYC
reputation
Reputation DAO: Would you give up privacy for unsecured loans in DeFi?
An ambitious new decentralized autonomous organization (DAO) has built a data service for lending platforms that records a user’s financial reputation to reduce the amount of collateral needed for a loan.
12.04 / 22:37
business
lending
Celsius announces only transfers from accredited US-based investors will be able to earn rewards
Crypto lending firm Celsius Network has announced it will be launching a custody solution for users based in the United States in response to discussions with local regulators.
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