Lending Financial News

25.04 / 18:25

business lending creditors Majority of creditors want Hodlnaut liquidated

Creditors of Singapore-based cryptocurrency lender have again expressed their desire to liquidate the company, which has been under judicial management since August 2022. There is no white knight investor on the horizon, interim judicial manager (IJM) Aaron Loh Cheng Lee explained in a circular updating the case.

20.04 / 13:31

business defi lending cryptocurrency investment Bankruptcy exit Time Crypto lender BlockFi is granted extra time to file Chapter 11 exit plan

BlockFi, a lender of digital assets, was given additional time to submit a bankruptcy exit plan by a New Jersey bankruptcy judge in the United States on April 19.

18.04 / 10:05

Law regulation lending Court Bitcoin Crypto lender Babel gets extended creditor protection in Singapore

Troubled cryptocurrency lending firm Babel Finance has more time to repay debts to creditors like Deribit after suspending withdrawals in 2022.

16.04 / 17:53

defi Hackers Cybersecurity lending Cybercrime Hundred Finance loses $7 million in Optimism hack

Multichain lending protocol Hundred Finance has experienced a significant security breach on the Ethereum layer-2 blockchain Optimism. According to the protocol on Twitter, the losses sit at $7.4 million.

12.04 / 17:57

Blockchain Ethereum defi lending Returns Redemptions Euler Finance opens redemptions after hacker returns funds

On April 12, Ethereum-based noncustodial lending protocol Euler Finance announced that it would open redemptions after hackers returned the vast majority of assets stolen in a $197 million flash loan exploit last month.

12.04 / 17:33

markets Ethereum DEX Altcoin lending LayerZero’s multi-chain ecosystem grows as airdrop hunters ramp up their efforts

LayerZero is a communication method that facilitates cross-chain applications. Its low-level messaging capabilities enable the development of omni-chain functionalities on top of it, such as decentralized exchanges, money market protocols and numerous other DeFi applications that can benefit from cross-chain liquidity provisions.

11.04 / 17:49

Adoption regulation lending exchanges Court legislation US share of global crypto developers fell 26% in 5 years — a16z

The share of global crypto developers based in the United States declined by 26% from 2018 to 2022, according to a report from venture capital firm Andreessen Horowitz, also known as a16z. The report, titled “State of Crypto 2023,” cited data from Electric Capital and SimilarWeb to support its findings.

27.03 / 22:19

Stablecoin defi Hackers hacks lending DAI Returns Euler Finance exploiter returns another $37.1M worth of ETH and DAI

The architect of the March 13 Euler Finance exploit returned an additional $26.5 million worth of Ether (ETH) to the Euler Finance deployer account on March 27, on-chain data shows.

27.03 / 05:45

business Blockchain defi Altcoin security Scams lending exit $4M 'exit scam' suspected as Kokomo Finance flies off radar, token plunges

Optimism-based lending protocol Kokomo Finance has been suspected of a $4 million “exit scam” that has seen user funds plucked out from the platform via a smart contract loophole.

15.03 / 10:31

Law Ethereum defi hacks lending us government UK government Euler Finance’s offer to hacker: Keep $20M or face the law

Ethereum-based noncustodial lending protocol Euler Finance is trying to cut a deal with the exploiter that stole millions from its protocol, demanding the hacker returns 90% of the funds they stole within 24 hours or face legal consequences.

14.03 / 12:17

Blockchain defi Hackers hacks lending Euler Finance blocks vulnerable module, working on recovering funds

Decentralized finance (DeFi) lending protocol Euler Finance became a victim of a flash loan attack on March 13, resulting in the biggest hack of crypto in 2023 so far. The lending protocol lost nearly $197 million in the attack and impacted more than 11 other DeFi protocols as well.

11.03 / 04:45

business lending Banks banking Silicon Valley Bankruptcy Filing shows BlockFi has uninsured $227M in Silicon Valley Bank MMMF

According to a new bankruptcy filing, defunct crypto lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund (MMMF) offered by troubled Silicon Valley Bank (SVB).

10.03 / 12:39

regulation lending Staking SEC of Thailand wants public feedback on crypto lending, staking ban

Thailand's Securities and Exchange Commission (SEC) is preparing to hold a new public hearing on a potential ban on staking and lending services in the country.

06.03 / 17:15

business regulation lending Court creditors Babel wants to repay creditors via special ‘recovery coins’: Report

Babel Finance, one of cryptocurrency lending firms shaken by the bear market of 2022, is exploring new restructuring opportunities involving minting a new token.

04.03 / 07:49

lending FTX bankruptcy Private cryptocurrencies will never replace fiat currency: Nandan Nilekani

Nandan Nilekani, cofounder and non-executive chairman of Infosys, on Friday. He said incidents like the “fall of cryptocurrency exchange FTX in the United States” have shown that private cryptocurrencies aren’t a big threat. “Because of the rise of private cryptocurrencies, central banks are thinking of digital currencies backed by them — CBDCs (central bank digital currency),” Nilekani, who was speaking at the Bharat Inclusion Summit in Bengaluru, said. Explaining the use of CBDCs, Nilekani added, “So, why do they need it? For instance, on the wholesale side, especially cross-border settlement, these currencies can further reduce costs. But private crypto currency, I don’t see it as a threat.”

03.03 / 01:43

markets Stablecoin Binance Bitfinex lending Bitcoin Bitcoin leverage ramps up as BTC's margin long-to-shorts ratio hits a record $2.5B high

Crypto traders' urge to create leverage positions with Bitcoin (BTC) appears irresistible to many people, but it's impossible to know if these traders are extreme risk-takers or savvy market makers hedging their positions. The need to maintain hedges holds even if traders rely on leverage merely to reduce their counterparty exposure by maintaining a collateral deposit and the bulk of their position on cold wallets.

01.03 / 14:15

business lending FTX Bitcoin Hodlnaut founders propose selling the firm instead of liquidation

The founders of the troubled cryptocurrency lender Hodlnaut are trying to save the business despite creditors insisting on its liquidation.

24.02 / 23:33

defi Liquidity lending DeFi ‘fragility’ causes and cures explored in highly technical Bank of Canada study

The Bank of Canada has released a working paper that examines lending protocols in decentralized finance (DeFi) with regard to sources of instability and their relation to crypto asset prices. Its findings point to potential ways to optimize DeFi lending platforms, or possibly the practical limits of decentralization.

18.02 / 23:45

defi Hackers hacks lending compensation Platypus to work on compensation plan after $8.5M attack

Decentralized finance (DeFi) firm Platypus is working on a compensation plan for user's losses after a flash loan attack drained nearly $8.5 million from the protocol, affecting its stablecoin dollar-peg.

18.02 / 01:25

business defi lending Banks MakerDAO MakerDAO voting on $100M loan participation with Florida commercial bank

Crypto lending platform MakerDAO is voting on a new proposal to bring another commercial bank into its ecosystem, strengthening the connection between decentralized finance (DeFi) and traditional finance.

09.02 / 10:01

business defi lending Bitcoin Price Crypto lender SALT makes comeback with $64.4 million funding

The crypto winter and FTX collapse has decimated the ranks of cryptocurrency lenders. Genesis, BlockFi, Voyageur Digital and Celsius Network all filed for bankruptcy in the past seven months, and the contagion may still not be over. But at least one crypto lender appears to be on the comeback trail.

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