Lending Financial News
01.07 / 20:39
defi
lending
Aave
Federal Reserve
Crypto Selloff Proves Computer Code Leads To ‘Better Outcome’ Than Human Discretion - Arthur Hayes
Pure decentralized finance (DeFi) protocols have fared far better than the more centralized crypto lending and borrowing companies during this bear market. This proves that computer code and transparent standards give “a better outcome,” crypto essayist and former BitMEX CEO Arthur Hayes wrote.
01.07 / 08:37
01.07 / 05:39
business
Blockchain
Bitfinex
lending
Rescue
BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion
Celsius’ lead investor BnkToTheFuturehas outlined three proposals to save Celsius from bankruptcy while finding a good outcome for shareholders and depositors with funds stuck on the platform.
30.06 / 22:05
business
Liquidity
lending
FTX on the verge of purchasingBlockFi in $25M in fire sale
Cryptocurrency exchange FTX is close to purchasing digital asset lender BlockFi's remaining assets for $25 million, according to CNBC.
29.06 / 17:05
Blockchain
Adoption
lending
Africa
network
Lending network enables transparent credit history in Africa via blockchain partnership
African mobile banking platform Aella has partnered with Creditcoin Network to integrate transparent credit history by integrating all its transactions into Creditcoin’s public blockchain.
29.06 / 14:45
Ethereum
Altcoins
lending
Celsius’ Positions are Now Healthier, Three Arrows Capital Was a 'Victim of Contagion' - Nansen
Troubled crypto lender Celsius(CEL) has managed to improve the health ratio of its on-chain positions since pausing withdrawals, according to blockchain analytics platform Nansen. Meanwhile, they said, the crypto hedge fund Three Arrows Capital (3AC) was the victim of the contagion.
29.06 / 06:07
regulation
lending
fines
services
Surprise twist as BlockFi receives Money Services License in Iowa
Just two weeks after being fined by Iowa’s regulators for offering and selling unregistered securities, crypto lending platform BlockFi announced on June 28 thait has received a Money Services License in the state.
28.06 / 08:35
business
Blockchain
lending
CeFi
recovery
CoinFLEX recovery plan includes tokenized bad debt and more yields
Crypto investment platform CoinFLEX aims to rectify its liquidity shortage and restart user withdrawals by selling off bad debt through a new $47 million token offering.
28.06 / 08:35
business
Blockchain
Twitter
lending
Weekly
Crypto community confused as Celsius continues with weekly rewards
Members of the crypto community on Twitter have been left bewildered by the beleaguered Celsius Network continuing to pay weekly rewards despite pausing withdrawals two weeks ago.
27.06 / 13:51
Investing
security
lending
Nexo
5 Risks to Know Before Using Centralized Crypto Lending Platforms
Crypto lending has been one of the most prominent activities in crypto markets. The activity has developed over the years with several crypto lenders emerging to meet the demand for crypto loans.
27.06 / 11:07
business
Twitter
lending
Charity
‘Smear campaign’: Nexo responds to accusations of stealing donations, siphoning funds from charity
Cryptocurrency lending platform Nexo has hit back at what it called “fake news” and rumors that its founders were part of a charity embezzlement scandal, saying the claims are untrue and defamatory. It has issued a public cease and desist notice to the originator of the allegations.
25.06 / 00:25
business
lending
Bankruptcy
network
advisers
Celsius Network hires advisers ahead of potential bankruptcy: Report
Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting firm in advance of the company possibly facing bankruptcy.
24.06 / 23:35
business
Investments
lending
stake
FTX may be planning to purchase a stake in BlockFi: Report
Crypto exchange FTX is reportedly in talks to acquire a stake in BlockFi after the company issued a $250 million credit to the lending firm.
24.06 / 17:11
Altcoins
lending
Aave
Celsius
Lending Tokens See Broad Declines in June, But One Altcoin Stands Out
Lending and borrowing in the crypto space are facing scrutiny, with many blaming just that activity for the latest crypto market sell-off. But how have the tokens in this category really performed during the market rout?
22.06 / 17:17
Exchange
lending
FTX
Voyager Digital Secures Credit Line from Alameda, May Send Three Arrows a Notice of Default
Voyager Digital Holdings, an owner of a crypto platform, announced today that they entered into a multi-million credit line agreement with Alameda Ventures, but also that they may issue a notice of default to major crypto hedge fund Three Arrows Capital (3AC) for failure to repay its loan.
22.06 / 16:40
business
Adoption
defi
lending
Low
Celsius’ crisis exposes problems of low liquidity in bear markets
After one week of pausing user withdrawals, swaps and transfers, the firm said it was maintaining an open dialogue with regulators and officials and plans to continue working with them regarding this pause. Celsius has yet to comment on when the company is going to stabilize its operations. Celsius has also paused communications on Twitter Spaces and ask-me-anything (AMA) sessions “to focus on navigating these unprecedented challenges.”
22.06 / 11:31
MARKET
regulation
SEC
lending
SEC’s Peirce Says Crypto’s Lack of ‘Bailout Mechanism’ Is a Strength; FTX CEO as a 'White Knight'
One of the most crypto-friendly members of the American regulatory Securities and Exchange Commission (SEC) has claimed that the bear market could boost sustainability in the industry – stating that she wouldn’t bail out ailing crypto companies even if she could.
22.06 / 11:27
Blockchain
defi
solana
lending
Solana whale moves $25M of USDC debt from Solend to Mango Markets
The Solana (SOL) whale that was subjected to the potential takeover by a recent Solend governance vote has gotten in touch with the lending protocol and moved $25 million worth of USD Coin (USDC) debt to Mango Markets.
21.06 / 16:09
lending
FTX
BlockFi
Fried
BlockFi Secures USD 250M Credit Facility from Bankman-Fried's FTX
Major crypto lender BlockFi said it secured a USD 250m loan from the FTX exchange in an attempt to bolster its balance sheet.
21.06 / 14:38
defi
MARKET
lending
DAI
recovery
CEL
CEL Token Soars as Celsius Shareholder Proposes Recovery Plan, Celsius Pays Compound
The troubled crypto lending and borrowing company Celsius’ CEL token jumped today, as a company shareholder proposed a recovery plan, and Celsius made a USD 10m payment to the decentralized finance (DeFi) platform Compound (COMP).
21.06 / 13:40
defi
solana
lending
governance
Solend Puts Forward 3rd Proposal that Would Reduce Borrow Limit to USD 50M
Solana (SOL)-based borrowing and lending service Solend has put forward yet another proposal in a bid to mitigate the threat of the whale wallets at risk of liquidation.
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