Lending Financial News

24.09 / 00:25

business Payments NASDAQ lending Crypto Biz: DID you see what Africa is doing with Web3?

If you’ve spent any time reading about blockchain and Web3, you know that this industry is filled with big buzzwords and half-baked concepts. But, concepts such as decentralized identity services, or DIDs, bring real meaning and utility to Web3. If you haven’t yet wrapped your mind around DID, it refers to a self-owned, independent identity that enables trusted data exchange. In other words, it puts digital identity management and administration directly in your hands instead of some third party’s.

16.09 / 14:15

business lending Court Bitcoin Celsius requests permission to sell off its stablecoins

Celsius Networks, a crypto lending company that had frozen the withdrawals in June and has been proceeding through Chapter 11 bankruptcy since July, asked the United States Bankruptcy Court for the Southern District of New York for permission to sell its stablecoin holdings. This should let the company generate liquidity to help “fund the Debtors’ operations.”

15.09 / 16:09

regulation lending Thai SEC intends to ban crypto lending in the country

The Securities and Exchange Commission (SEC) of Thailand is preparing to take radical measures in the aftermath of crypto lending platforms’ crashes experienced in Summer 2022. Thai SEC plans to prohibit crypto platforms from providing or supporting digital asset depository services.

14.09 / 01:30

business lending Celsius CEO plans to restructure firm to focus on crypto custody: Report

Crypto lending platform Celsius, currently in the middle of bankruptcy proceedings, reportedly plans to rebuild around crypto custody services.

07.09 / 22:13

business lending CeFi Voyager Digital assets auction set for Sept. 13 after being rescheduled from August

Bankrupt centralized crypto lender Voyager Digital filed a notice Tuesday with United States Bankruptcy Court for the Southern District of New York informing the court of its intention to hold an auction of its remaining assets. The auction is proposed to take place on Sept. 13 at the Manhattan office of Digital Voyager’s investment banker Moelis & Company, with a hearing to approve the results on Sept. 29. Offers for the lender’s assets have already been submitted.

02.09 / 20:17

business Funding lending Venture Capital Future Bnk To The Future eyes acquisition of crypto lender SALT

Crypto lending platform SALT has received a buyout offer from a prominent online investment platform — a move the company said could potentially enhance its product offerings and advance its mission of making digital assets more accessible to mainstream audiences.

02.09 / 14:23

markets lending Bankruptcy network CEL CEL climbs 50% as Celsius Network aims to return $50M to clients

The price of CEL soared by nearly 50% as traders assessed its parent firm Celsius Network's inclination to return a portion of the locked funds to its customers.

02.09 / 11:11

cryptocurrency MARKET lending Legal CEL CEL Rallies After Celsius Asks Court to Let it Return USD 50m+ in Crypto

31.08 / 03:51

defi Altcoin lending Smart Contracts Compound cETH market bricked by update — 7-day wait on vote to fix it

Decentralized lending platform Compound has been plagued by a code bug in a recent governance proposal to update its price feeds.

30.08 / 23:33

business lending Banks CeFi Buyback Amid crypto winter, Nexo commits additional $50M to buyback program

Crypto lending platform Nexo has increased the size of its buyback program, giving the company more discretionary ability to repurchase its native token to boost interest payments or make strategic investments in the future.

25.08 / 14:59

Stablecoin CBDC regulation lending Amendments to US commercial code differentiate crypto and ‘electronic money’

A joint committee of the United States's Uniform Law Commission (ULC) and the American Law Institute (ALI) finalized amendments to the Uniform Commercial Code (UCC), regulating the specifics of digital asset transactions and crypto-as-collateral secured financings.

24.08 / 13:41

lending Legal Three Arrows Capital Financial Singapore Court Permits Three Arrows Liquidators To Access Key Financial Records - Report

24.08 / 01:25

defi lending Bankruptcy Celsius countersues KeyFi, claims deceit and incompetence led to tens of millions in losses

Bankrupt crypto lending company Celsius countersued decentralized finance (DeFi) protocol KeyFi and its CEO Jason Stone on Tuesday in the United States Bankruptcy Court claiming Stone misrepresented himself as an expert in DeFi, and that Stone and KeyFi hadlost Celsius coins through incompetence and deceit. The suit came several weeks after KeyFi sued Celsius for allegedly failing to honor a profit-sharing agreement.

23.08 / 23:07

Law regulation lending Bankruptcy Celsius calls out Prime Trust in court, alleging firm didn't turn over $17M in crypto

Crypto lending platform Celsius Network has filed a lawsuit claiming that custodian Prime Trust failed to turn over roughly $17 million worth of cryptocurrency.

22.08 / 12:29

Blockchain NFT defi lending BendDAO contract drained overnight with 15 ETH left to pay lenders

Lending protocol BendDAO has run out of Wrapped Ether (wETH) in its contract. At the time of writing, the contract only has 15 WETH to pay lenders, and an estimated 15,000 Ether (ETH) left to be paid to lenders.

19.08 / 14:47

NFT lending Loans Nearly $55M worth of Bored Ape, CryptoPunks NFTs risk liquidation amid debt crisis

Many owners of precious Bored Ape Yacht Club (BAYC) and CryptoPunks NFTs, who used them as collateral to take out loans in Ether (ETH), have failed to repay their debts. The situation could lead up to the NFT sector's first massive liquidation event.

19.08 / 09:25

business regulation lending Bankruptcy US Trustee motions for examiner to probe Celsius’ ‘significant transparency issues’

The United States Trustee handling Celsius’ bankruptcy proceedings has called for an independent examiner to be brought in to “untangle” the embattled network’s financial affairs and business operations.

13.08 / 14:33

lending goldman sachs Pump and Dump Bankruptcy network CEL Celsius Network is bankrupt, so why is CEL price up 4,000% in two months?

Crypto lending platform Celsius Network has an approximately $1.2 billion gap in its balance sheet, with most liabilities owed to its users. In addition, the firm has filed for bankruptcy protection, so its future looks bleak.

10.08 / 13:21

regulation lending Bankruptcy Voyager Digital reportedly had deep ties with SBF-owned Alameda Research

Voyager Digital, the crypto lending firm that went bust due to the crypto contagion initiated by Three Arrow Capital’s (3AC) insolvency is currently fighting its bankruptcy court battle. The court proceedings and financial documents have shown a deep relation between the crypto lending firm and Sam Bankman Fried-owned Alameda Research.

08.08 / 10:25

cryptocurrency lending Voyager Digital Withdrawals week Big Week for Voyager Digital Clients as Cash Withdrawals About to Begin

Troubled crypto lender Voyager Digital said it plans to "restore access" to cash deposits in USD this week. Here's what the process might look like.

05.08 / 23:51

business lending Bankruptcy Withdrawals Voyager plans to resume cash withdrawals on Aug. 11

Crypto lender Voyager Digital Holdings has reported users may be able to make cash withdrawals from the app more than a month after suspending trading, deposits, withdrawals and loyalty rewards.

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