Lending Financial News

01.08 / 21:29

Trading security lending Nexo: Crypto Platform with Security at the Forefront

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29.07 / 11:41

regulation SEC lending Pat Toomey blames the SEC for crypto lending platform crisis

According to Senator Pat Tomey, famous for his vocal support for the crypto industry, the United States Securities and Exchange Commission (SEC) could have prevented the loss of $12 billion in assets by investors who trusted Celsius, a crypto lending platform, that froze their deposits in June.

26.07 / 08:27

BLOCK defi lending Terra Luna Luna Investors shifting toward lower-risk crypto yields: Block Earner GM

Block Earner, an Australian fintech company, says the fall of Terra Luna in May has led to “positive surprises” for his company, with investors beginning to find their way toward the lower-risk crypto yield products they offer.

22.07 / 14:15

defi regulation lending Leverage Terra 3AC founders reveal ties to Terra founder, blame overconfidence for collapse

The founders of tainted crypto hedge fund Three Arrow Capital (3AC), which filed for bankruptcy in the first week of July, have finally resurfaced after five weeks of no known whereabouts.

22.07 / 14:05

Grayscale lending Terra Bitcoin 3 Reasons Why 3 Arrows Capital Failed, Per Its Founders

There were at least three major factors that lead to the collapse of the fund, according to the founders of Three Arrows Capital (3AC) Su Zhu and Kyle Davies.

22.07 / 10:49

business Liquidity lending CeFi BlockFi had $1.8B in outstanding loans in Q2: Report

Centralized crypto lender BlockFi disclosed that as of the end of Q2, it had $1.8 billion in outstanding loans from institutional and retail investors and $600 million in “net exposure.”

19.07 / 06:43

business Blockchain lending Bankruptcy Lawyers rights Celsius lawyers claim users gave up legal rights to their crypto

Celsius’s 1.7 million registered users across over 100 countries gave up title to the crypto they deposited into Earn and Borrow accounts, according to the firm’s lawyers.

15.07 / 17:03

markets lending Aave DeFi token Aave faces major correction after soaring 100% in a month

The price of Aave (AAVE) has more than doubled in a month, but its bullish momentum could be reaching a point of exhaustion.

15.07 / 11:05

MARKET Altcoins lending CEL CEL Jumps While Celsius’ Bankruptcy Protection Filing Reveals a Billion-Dollar Hole in Balance Sheet

More troubling news is coming out regarding Celsius (CEL), as its so-called Chapter 11 bankruptcy protection filing on July 14 has revealed a deficit of close to USD 1.2bn for the crypto lender.

15.07 / 06:25

business lending Court Bankruptcy Celsius bankruptcy Celsius bankruptcy filings show a company in deep trouble

Celsius’ bankruptcy filing has revealed some unpleasant surprises about the state of the crypto lending platform, including a $1.2 billion deficit formed largely as a result of user deposits.

14.07 / 07:17

Altcoins lending CEL saga CEL Crashes as Celsius Enters New Chapter of Its Saga and It's Restructuring

After reportedly returning all of its debt to DeFi lending protocols, troubled crypto lender Celsius (CEL) said it has initiated voluntary Chapter 11 proceedings in the US in an attempt to stabilize its business. CEL dropped following the announcement.

12.07 / 11:53

lending Aave Compound Celsius Debt Now Down to Around USD 120M After Aave, Compound Repayments

Troubled crypto lender Celsius(CEL) appears to have no intention of being frozen out of the crypto world – and is continuing to take action to avoid possible insolvency as it has been hurriedly repaying the debts it owes.

11.07 / 22:13

business lending Bankruptcy recovery Customers Voyager can't guarantee all customers will receive their crypto under proposed recovery plan

Following Voyager Digital filing for bankruptcy on Tuesday, the crypto lending firm said its recovery plan was aimed at preserving customer assets but did not explicitly state it would be able to return all equivalent funds to affected users.

08.07 / 08:43

Blockchain Stablecoin defi lending Aave to launch overcollateralized stablecoin called GHO

Decentralized finance (DeFi) giant Aave has unveiled plans to launch an overcollateralized stablecoin called GHO, subject to the community DAO’s approval.

06.07 / 18:17

defi lending Decentralization Compound DeFi is ‘Designed to Avoid This Bullshit,’ Compound Founder Says About Crypto Bailouts

Decentralized finance (DeFi) protocols “don’t need to get bailed out,” and were “designed specifically to avoid this bullshit,” the founder of DeFi protocol Compound (COMP), Robert Leshner, has said.

06.07 / 10:07

business lending Bankruptcy recovery Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan

Days after pausing trading, withdrawals and deposits, crypto exchange Voyager Digital is filing for bankruptcy under Chapter 11 in the Southern District Court of New York.

06.07 / 05:49

business defi lending Loans MakerDAO voting on collaborating with a traditional bank

MakerDAO is voting on a proposal that will bring a traditional bank into its ecosystem for the first time, allowing the bank to borrow against its assets using decentralized finance (DeFi).

05.07 / 16:39

Exchange lending M&A Investment Troubled Vauld May Be Acquired and Come Under ‘Nexo Umbrella’

Singapore-based crypto lender Vauld may get acquired by major crypto lender Nexo (NEXO).

04.07 / 11:29

business defi lending Bitcoin Withdrawals Lost Keys lost in the Vauld: Singapore crypto exchange freezes withdrawals

Crypto contagion claims another casualty. In a statement, Singapore-based crypto exchange Vauld has made the “difficult decision to suspend all withdrawals, trading and deposits on the Vauld platform with immediate effect.”

02.07 / 08:39

lending M&A FTX suspensions Crypto Turmoil: 3AC Files for Bankruptcy, FTX and BlockFi Agree, Suspensions at Voyager

Multiple important news reached the market as another week of harsh crypto winter neared its end, providing more clarity on where some major industry players stand.

01.07 / 23:15

business Investments lending Deal Option BlockFi announces deal with FTX US, including 'option to acquire' for $240M

FTX US has inked a deal with BlockFi that will give the crypto derivatives exchange the option to purchase the lending firm.

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