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Crypto Lender Ledn Sees Strong Q1 Performance with $690M in Loans, Driven by US Spot Crypto ETF Adoption
9.5.2024
Crypto lender Ledn revealed loans statistics for the first quarter on Thursday, surpassing all previous quarters since its inception in 2018.
The post Crypto Lender Ledn Sees Strong Q1 Performance with $690M in Loans, Driven by US Spot Crypto ETF Adoption appeared first on Cryptonews
Ledn First-Quarter Loans Top Record $690M as Lending Market Snaps Back
9.5.2024
Crypto lender Ledn processed more than $690 million in loans during the first quarter, its most successful quarter since the firm's inception in 2018
Hedgey Finance Suffers Dual Exploits, Losing $44.7 Million in Funds
19.4.2024
Hedgey Finance exploits have rocked the DeFi platform, resulting in a $44.7 million loss. Hackers targeted the Token Claim Contract across Ethereum and Arbitrum networks, utilizing flash loans to drain funds. Explore the aftermath, ongoing investigations, and the platform's response to these...
Homium Raises $10M and Tokenizes Home Equity Loans on Avalanche
16.4.2024
The loans are currently live in Colorado and plan to extend to other states
Curve Founder Nearly Liquidated During Weekend Crypto Crash
16.4.2024
Curve's founder has 30% of the entire CRV supply trapped in loans on the brink of liquidation.
The post Curve Founder Nearly Liquidated During Weekend Crypto Crash appeared first on Cryptonews
Ethereum-based loans witness increased liquidation in April
15.4.2024
In the initial two weeks of April, Ethereum-based loans witnessed growing liquidation, whereas crypto prices made a reasonable comeback after a very recent selling-off. In the case of Ethereum, it seemingly encompasses almost the entire lending scenario. As per The Block’s data dashboard, almost...
Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans
10.4.2024
The Central Bank of Nigeria has barred the use of foreign exchange as collateral for local currency loans. In its April 8 letter addressed to banks, the CBN warned of severe consequences for banks that fail to comply with the latest directive. Halting the Slide of the Naira Hamstrung by ongoing...
China’s Shandong Province Introduces Digital Yuan Loan for Entrepreneurs
11.3.2024
Shandong Province offers entrepreneurs digital yuan loans, indicating China's push for digital economy amidst discussions on legal frameworks at the ongoing national legislative conference.
The post China’s Shandong Province Introduces Digital Yuan Loan for Entrepreneurs appeared first...
Crypto Lender Ledn Now Offers ETH-Backed Loans to Meet Growing Demand
28.2.2024
Canada-based Ledn announced Wednesday that it now offers loans backed by Ether, in response to significant client demand for the service. They begin with an annual interest rate starting at 10.4%.
The post Crypto Lender Ledn Now Offers ETH-Backed Loans to Meet Growing Demand appeared first...
Bankrupt Crypto Lender Genesis Moves to Settle with NY Attorney General
9.2.2024
Bankrupt lender Genesis on Thursday settled a lawsuit with New York Attorney General Letitia James over its now-defunct Earn program. The Earn program, operated jointly with Gemini Trust, offered customers up to 8% interest on crypto loans. But it was suspended amid the crypto market downturn...
Tether’s ‘Record-Breaking’ Q4 Profit Partly Attributed to Gold and BTC Price Appreciation
1.2.2024
In the last quarter of 2023, Tether Holdings Limited registered a “record-breaking net profit of $2.85 billion.” Overall, the stablecoin issuer’s net profit in 2023 topped $6.2 billion. Tether’s secured loans ($4.8 billion), which are collateralized by highly liquid...
Controversy Arises as Genesis Creditors Challenge DCG’s Claim of Full Debt Repayment
10.1.2024
Genesis Global Source: AdobeStock / Timon Digital Currency Group (DCG) is facing allegations from an ad hoc group of lenders, claiming that DCG has not fulfilled its repayment requirements to its bankrupt subsidiary, Genesis Global. Despite DCG’s recent announcement on X that it had fully...
Blockchain-Based Private Credit Surges 55% as Companies Seek Financing Amid Rising Interest Rates
18.12.2023
Image Source: Pixabay More companies are turning to blockchain-based private credit as they seek financing amid increasing interest rates, leading to a significant surge in this sector. According to RWA.xyz, a platform that tracks debt, active private loans through digital ledgers have risen...
Deutsche Bank-backed Taurus Partners With Teylor To Tokenize SME Loans In Germany
14.12.2023
Source: Pixabay Taurus, a Swiss crypto custody firm supported by Deutsche Bank, has entered into a partnership with Teylor, a fintech lending platform based in Zurich and specializing in the German SME marketplace. In a statement published on Thursday, the companies said that the collaboration aims...
Deutsche Bank-Backed Taurus Starts Tokenizing German SME Loans
14.12.2023
Crypto custody specialist Taurus has partnered with lending company Teylor
Crypto Lending Firm Ledn Offers Low-Risk Custodied Loans
6.12.2023
Cryptocurrency lending company Ledn is offering customers crypto-backed loans where all the assets remain locked up with a qualified custodian, as the company adapts its centralized finance approach to a post-FTX world
Crypto Loans Platform Nexo Integrates Koinly to Ease User Tax Obligations
1.12.2023
Source: iStock Images Nexo, a lending platform that provides instant crypto loans, has partnered with Koinly to simplify user’s tax reporting. Effective November 30, 2023, the collaboration enables Nexo users to easily generate tailored crypto tax reports. A company statement said that...
Genesis Reaches Settlement With Parent Company DCG in $620M Lawsuit
29.11.2023
Source: AdobeStock / Timon The beleaguered crypto lender Genesis and its parent company, Digital Currency Group (DCG), have reached a settlement that could end the protracted lawsuit aimed at recovering $620 million in repayments from DCG. DCG Commits to Settling $324.5M in Loans by April According...
Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit
29.11.2023
Digital Currency Group has over $320 million left to repay, according to Genesis, and the deal would see that remaining sum repaid by April next year
Investment Advisor Two Prime Sees $2B in Demand for Bitcoin-Backed Loans
8.11.2023
"We have seen about $2 billion in demand for bitcoin-secured loans since we started offering them in September, " Two Prime's Alexander Blume said