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BlockFi faces regulatory heat, a sign of possible crypto lending regulations?
1.8.2021
The crypto lending giant BlockFi is facing regulatory scrutiny from a handful of states in America ahead of a proposed public listing
Celsius users to receive yield from its $200M Bitcoin mining investment
1.7.2021
“There’s nothing better than building a factory that makes Bitcoin,” said Celsius CEO, Alex Mashinsky
Sequoia-Backed Onchain Custodian To Set Up New Crypto Lending Business
12.5.2021
Source: Adobe/Андрей Яланский
The Singapore-headquartered digital asset custody provider Onchain Custodian (ONC) is about to strengthen their positions in crypto lending and borrowing business, according to ONC Co-Founder and Chief Operating Officer (COO), El Lee.
There is a novel company in...
Nexo Sued for ‘Unlawful’ Liquidation of Clients’ Collateral XRP Amid SEC’s Ripple Lawsuit
6.4.2021
Crypto lending firm Nexo is facing a class-action lawsuit filed by an XRP investor for “unlawfully” suspending the use of the cryptocurrency as collateral without giving notice to clients and subsequently liquidating the tokens. This happened following the lawsuit filed by the U.S....
Crypto lending firm BlockFi raises $350M in new funding round
11.3.2021
The company is now valued at $3 billion
Gemini Partners With Crypto Lender Genesis to Offer 7.4% Yield on Customer Deposits
2.2.2021
The product is part of Gemini’s attempt to bring in new crypto investors with bank-like products
Crypto Lending Heats Up, Jihan Wu Steps Down, FinCEN News + More
26.1.2021
Jihan Wu. Source: a video screenshot, Youtube, Bitcoin.com - Official Channel
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto lending news
Full-service crypto prime broker Genesis said...
Why Celsius Thinks CEL Won’t Receive the Same SEC Treatment as XRP
15.1.2021
In an interview with CoinDesk TV, CEO Alex Mashinsky explained why CEL has drawn recent interest from altcoin investors
Here’s What Happened at Crypto Lender Cred’s Latest Bankruptcy Hearing
19.12.2020
Judge John Dorsey of the Delaware Bankruptcy Court rejected a motion to appoint a Chapter 11 trustee to oversee Cred’s restructuring
Aave Launches V2 in Bid to Make Borrowing Against Volatile Assets Less Risky
3.12.2020
DeFi platform Aave has rolled out its second version, with several features that should make it more flexible and more capital efficient
BlockFi Announces Early 2021 Launch for Bitcoin Rewards Credit Card
1.12.2020
BlockFi CEO Zac Prince said it will be the first credit (not debit) card in the cryptocurrency industry
Leading Japanese Financial Firm SBI Holdings Rolls Out Crypto Lending Services
24.11.2020
A subsidiary of SBI Holdings said it's launched a service allowing users to ‘lend’ bitcoin to the firm and earn an interest at the rate of 1% annually in return
Bad Loans, Bad Bets, Bad Blood: How Crypto Lender Cred Really Went Bankrupt
12.11.2020
Cred’s bankruptcy filing mainly blames fraud by an outside party. The full picture painted by former employees is more complex, and highlights the risks of the budding crypto lending market
Celsius reports it's doubled its crypto holdings to $2.2B in six months
10.11.2020
Centralized crypto lending platform Celsius claims to have doubled its crypto holdings in just six months and now boasts $2.2 billion in assets under management
Crypto Lender Cred Files for Bankruptcy
8.11.2020
In October, the lender published a cryptic letter saying that it has experienced “irregularities” in the handling of “specific” corporate funds by a “perpetrator of fraudulent activity.”
Genesis Doubles Crypto Loan Issuance for the Third Quarter to $5.2 Billion
1.11.2020
Crypto lender Genesis provided $5.2 billion in new loans in the third quarter of 2020, more than double its previous record of $2.2 billion in the preceding quarter. Issued to corporate borrowers such as hedge funds and trading firms, the loans are mainly denominated in bitcoin (BTC), ether (ETH)...
Crypto Lender Celsius Taps Horizen for ‘Proof of Reserves’ Proof of Concept
30.10.2020
The proof-of-reserves pilot would take information that appears on Celsius’ website and have it fed from a public Horizen sidechain instead
Crypto Lending Boom, JustLink vs. Chainlink, USD 1m DeFi Bounty + More News
30.10.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Crypto adoption news
Full-service crypto prime broker Genesis said that its lending business added over USD 5.2bn in new originations in...
ETH Gobbles Up Larger Share of Genesis Loan Book as Trading Firms Feast on DeFi Summer
30.10.2020
Genesis Trading saw the share of bitcoin in its loan portfolio drop – mainly due to demand for liquidity mining on DeFi protocols
Celsius Network founder gifts wife 15 million CEL tokens
28.10.2020
Alex Mashinsky has gifted his wife Krissy 15 million CEL tokens worth $20 million for her birthday