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Chaos at MarginFi Shakes up Solana DeFi's Borrow-and-Lend Landscape
11.4.2024
Solend and Kamino were the biggest winners in the Solana DeFi landscape
Decentralized Platform Aave Wins Community Votes to Onboard PYUSD Stablecoin
11.1.2024
Source: AdobeStock / Sundry Photography Aave, a decentralized platform that allows users to borrow/lend crypto, might consider adding PayPal’s PYUSD stablecoins to its Ethereum pool. The platform proposed its plans to integrate PYUSD stablecoin in December, seeking community vote. The voting window...
SBF Testifies in Hearing, Claims Alameda Research had Right to “Borrow” Funds
27.10.2023
Disgraced FTX founder Sam Bankman-Fried took the stand for the first time in his landmark fraud trial without the jury present. With numerous pieces of evidence and lines of testimony in contention between the prosecution and the defense, Judge Kaplan sent the jury home early Thursday in order...
Swiss Bank Offers Clients Crypto Lending Product
18.10.2023
Swiss online bank Dukascopy has introduced a new lending product that enables customers to borrow against their cryptocurrency. The solution allows users to receive 50% of the value of their digital assets in fiat currency while retaining their original crypto investments. Switzerland-Regulated...
Shiba Inu wallets begin $SHIB accumulation, Maker and Borroe.Finance surge in value
12.9.2023
In the cryptocurrency world, recent developments have caught the attention of investors. Shiba Inu ($SHIB) has seen a resurgence in investor confidence after Shibarium’s relaunch, while Maker ($MKR) has surged due to changes in its DAI savings protocol. Meanwhile, Borroe.Finance ($ROE) is making...
Coinbase to Wind Down Lending Program Over Coming Months
20.7.2023
Coinbase Borrow, a program that allowed customers to receive fiat loans of up to $1 million against as much as 30% of their bitcoin (BTC) holdings, will be shutting down over the coming months as the company focuses its resources on products that “customers care about most,” a spokesperson said
Today in Crypto: NY Proposes Bill to Allow Stablecoin Payments for Bail Bonds, Franklin Templeton Plans Second Blockchain Fund, Circle Won't Hold Treasurys Past June, Bittrex Allowed to Borrow $7M
11.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: NY Proposes Bill to Allow Stablecoin Payments for Bail Bonds, Franklin Templeton Plans Second Blockchain...
Coinbase to Cease New Loan Issuance Through Bitcoin Borrow Service
4.5.2023
Global crypto giant Coinbase has announced plans to shutter its loan services.
Effective May 10, Bloomberg reports, Bitcoin-backed loans will cease to be available to customers.
The exchange emphasized a focus on prioritizing offerings of utmost importance to clientele, resulting in continuous...
Coinbase to cease issuing new Bitcoin-backed loans via Borrow service
4.5.2023
The service allows users to borrow up to $1 million with no credit check, provided they post Bitcoin as collateral
Coinbase to Stop Issuing New Loans Via Coinbase Borrow
4.5.2023
May 10 is the final day customers will be allowed to take out new loans through Coinbase Borrow
Bitcoin Drops Below $28K as Options Expire, Traders Borrow WBTC From Aave
31.3.2023
WBTC is the largest tokenized version of bitcoin and can be swapped on a 1:1 basis for BTC
NFT investor accidentally burns $135k CryptoPunk trying to borrow money
25.3.2023
While going through the unfamiliar process of wrapping NFTs, Riley accidentally sent the asset to a burn address, permanently deleting the NFT from circulation
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
18.3.2023
After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit...
Celsius Custody customers finally begin withdrawals 263 days after freeze
3.3.2023
Celsius users with funds held in its custody program have finally begun to withdraw funds, but users report delays due to a backlog of requests
MetaLend has deployed on Ronin to borrow and lend against NFTs
3.2.2023
Ronin Network recently announced the launch of MetaLend on its mainnet. MetaLend is primarily known for helping Axie Infinity users get loans for in-game assets. The assets include land and axies directly associated with the Ronin wallets. In addition, MetaLend develops software that lets users...
Court permits Core Scientific to borrow $70M to replace existing loan
31.1.2023
Investment bank B. Riley is already a Core Scientific creditor and tried to provide funds before the Bitcoin miner filed for Chapter 11
Bitcoin Miner Core Scientific to Borrow $70M From B. Riley
31.1.2023
The firm said the loan will enable it to replace an existing facility and give it "up to 15 months runway and significant flexibility."
10 practices crypto can borrow from TradFi to better protect customers
17.1.2023
The crypto industry would be wise to learn from and adopt the proven principles and processes TradFi relies on to protect consumers
Celsius amasses 30 potential bidders for its assets, withdrawal motion approved
21.12.2022
The bankrupt lender is set to hold auctions for its assets in January, while it's been given the green light to return some customer funds
US Trustee Plans to Appoint an Examiner to FTX Case, While SBF Describes Strange Margin Trading Practices
2.12.2022
On Dec. 1, 2022, an attorney for the U.S. Trustee submitted a written letter to Delaware bankruptcy court officials that seeks to establish an independent examiner to investigate the FTX Chapter 11 bankruptcy proceedings. The U.S. Trustee explained in the letter that FTX’s collapse...