Lending Financial News

30.12 / 21:01

business Twitter lending FTX 10 crypto tweets that aged like milk: 2022 edition

To put it lightly, it has been a wild year for the crypto sector.

15.12 / 02:53

defi lending Upgrade Maple Finance 2.0 overhaul aimed at speeding up the defaulting process

Maple Finance is a decentralized credit market powered by blockchain technology. Instead of requiring overcollaterlization of loans, it instead allows managers, called “Pool Delegates” to issue loans from its lending pools based on a set of risk-management criteria, according to the protocol’s documents.

06.12 / 00:47

business lending Nexo leaving US, says country lacks clear regulations

The crypto borrowing and lending platform Nexo plans to gradually cease operations in the United States “over the coming months,” according to a blog post on Dec. 5. Nexo has stated that the decision to leave the U.S. is “regrettable but necessary.”

30.11 / 21:17

business lending Digital Asset INX submits bid for Voyager Digital's assets

Trading platform INX has submitted a bid for an undisclosed amount to purchase the assets of crypto brokerage firm Voyager Digital.

29.11 / 15:23

defi lending Aave Aave DeFi Platform Freezes 17 Crypto Markets on Platform Due to Volatility Concerns – More Trouble on the Way?

Major decentralized lending protocol Aave has "temporarily" frozen its lending services across 17 markets citing excess volatility that could pave the way for market manipulation attempts.

29.11 / 14:11

business lending Bankruptcy BlockFi bankruptcy filing triggers a wide range of community reaction

As crypto lending platform BlockFi filed for bankruptcy, members of the crypto community reacted with mixed feedback as another platform fell during the current bear market.

18.11 / 00:13

markets lending Bitcoin Bears $600M in Bitcoin options expire on Friday, giving bears reason to pin BTC under $16K

No one can blame Bitcoin (BTC) bulls for placing bets at $20,000 and higher for the $600 million weekly options expiry on Nov. 18. After all, this level had provided a solid resistance since Oct. 25 and held for almost two weeks.

17.11 / 16:37

business lending FTX Bankruptcy The FTX contagion: Which companies were affected by the FTX collapse?

While the FTX collapse may have had a severe effect on the broader crypto market, some companies bore the brunt of the impact and were directly hit by the storm that the embattled crypto exchange brought.

16.11 / 13:33

lending FTX BlockFi Crypto Lender BlockFi Pauses Platform Activity, Prepares for Bankruptcy Amid FTX Drama

Crypto lender BlockFi has continued to pause withdrawals amid the fallout of cryptocurrency exchange FTX, saying that they are exploring all scenarios to find the best path forward.

10.11 / 01:31

business defi lending Orthogonal Credit alleged key weaknesses in Alameda’s due diligence early in 2022

Orthogonal Credit, an arm of the digital asset hedge fund Orthogonal Trading, disclosed on Nov. 9 that it pushed to close Alameda Research’s dedicated borrower pool on Maple Finance in the second quarter of 2022 after identifying “key weaknesses” in its due diligence.

26.10 / 00:41

defi Hackers hacks lending Exploit After Mango Market exploit, Compound pauses four tokens to protect against price manipulation

Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, similar to the recent $117 million exploit from Mango Market's, according to a proposal on Compound's governance forum.

19.10 / 05:21

defi Hackers hacks lending Returns Moola Market attacker returns most of $9M looted for $500K bounty

An attacker has returned just over 93% of the more than $9 million worth of cryptocurrencies they exploited from the Celo (CELO) blockchain-based decentralized finance (DeFi) lending protocol Moola Market.

19.10 / 00:03

business lending Bankruptcy Voyager Digital won’t sue its executives for incompetence, will claim insurance on them

Voyager Digital has preferred not sue its top executives for incompetence, in spite of their role in approving a huge loan to Three Arrows Capital (3AC) without adequate due diligence. That loan was a key element leading to Voyager Digital’s bankruptcy. Court papers filed Oct. 17 show that a Voyager Digital internal special committee has proposed that CEO Stephen Ehrlich and chief commercial officer (formerly chief financial officer) Evan Psaropolous keep their jobs and not be sued.

18.10 / 01:07

regulation lending Bankruptcy guidance consultation Celsius judge says court may look to UK consultation paper in absence of US guidance

The lack of crypto regulation in the United States has long complicating the lives of users and service providers, and now a judge has acknowledged the pain the judiciary feels from its absence too. Chief United States Bankruptcy Judge Martin Glenn, the judge who is leading the Celsius case, said the court will look abroad for guidance in the case.

05.10 / 07:03

business lending YouTube Bankruptcy NOT Insolvency not in 'Nexo's reality,' says co-founder during AMA

Bankruptcy or insolvency is not in “Nexo’s reality” according to the crypto lending platform’s co-founder and managing partner, Kalin Metodiev.

30.09 / 19:53

markets Altcoin lending Drop regulatory NEXO risks 50% drop due to regulatory pressure and investor concerns

Crypto lending firm Nexo (NEXO) risks losing half of its valuation by the end of 2022 as doubts about its potential insolvency grow in the market.

29.09 / 09:07

business SEC security lending Nexo ‘surprised’ by state regulators' actions, says co-founder

Kalin Metodiev, the co-founder and managing partner of crypto lender Nexo stated his firm was “surprised” by the way in which eight state regulators publicly took action against it for securities violations.

29.09 / 00:41

business Blockchain lending Genesis director to step down and move into advisory role

On Wednesday, Matthew Ballensweig, managing director of cryptocurrency broker Genesis, announced via Linkedin that he was formally leaving his post after over five years of tenure. Ballensweig is also the co-head of sales and trading. As told by Ballensweig, he has been transitioning his core responsibilities to a handful of trusted colleagues who will be taking the front-line role.

28.09 / 11:11

business defi lending FTX reportedly considers bailing out Celsius via asset bid

Crypto exchange FTX, led by crypto billionaire Sam Bankman-Fried (SBF), is reportedly considering bailing out Celsius Network by bidding on the bankrupt lender’s assets. Coincidently, the information came out the same day Alex Mashinsky resigned as the CEO of Celsius.

27.09 / 18:33

business Blockchain lending Celsius CEO Alex Mashinsky resigns

According to a new press release published on Tuesday, Alex Mashinsky, CEO of troubled crypto lender Celsius Network, has resigned effective immediately. In explaining the decision, Mashinsky wrote:

27.09 / 18:03

business lending stake acquires Nexo acquires stake in US chartered bank

Digital asset lending platform Nexo has purchased a stake in a holding company that owns a federally chartered bank in the United States — a move Nexo said will enhance its ability to serve retail and institutional clients.

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