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Crypto Firm Abra Said to be Insolvent in Texas State Regulators’ Cease-and-Desist Order
16.6.2023
According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been investigating Abra, and the working group interviewed William...
South Korean Bitcoin lending platform Delio pauses withdrawals
14.6.2023
The virtual asset manager and lending platform suspended withdrawals following challenges at Haru Invest, a similar entity
Curve Finance Founder Deposits $24M CRV into Aave to Safeguard $65M Stablecoin Loan
12.6.2023
Curve Finance founder Michael Egorov has deposited $24 million worth of Curve DAO (CRV) tokens to decentralized lending platform Aave to mitigate against liquidation risk on a $65 million stablecoin loan
Louis Vuitton’s Soulbound Luxury NFTs, Apple’s Expensive Vision
9.6.2023
Sotheby’s will sell Dmitri Cherniak's “The Goose” NFT at a live auction this month, while Mercedes Benz released a collection inspired by its luxury vehicles
IMF Urges Fed to Maintain Tightening Policy Amid Inflation Concerns, Citing ‘Challenges’ Ahead
9.6.2023
On Thursday, International Monetary Fund (IMF) spokesperson Julie Kozack urged the U.S. Federal Reserve and several other central banks to maintain a restrictive monetary policy known as tightening. Kozack stated that the U.S. central bank may need to keep the federal funds rate higher “for...
Cosmos-based DeFi lending protocol Nolus joins Cointelegraph Accelerator
8.6.2023
Nolus’ DeFi lending protocol aims to onboard more people by solving collateralization inefficiencies
NFT Lending Is Trending, Raising Concerns of ‘Predatory’ Platform Behavior
7.6.2023
Amid an extended crypto winter that has cooled NFT trading, platforms like Blur, Binance and Astaria have introduced new lending options to boost liquidity. While some traders support NFTfi, others say the trend is risky
Aave Lending Protocol Moves Closer to Launching GHO Stablecoin on Ethereum Mainnet
7.6.2023
Aave Companies proposed two key features for the decentralized stablecoin in a governance post on Tuesday
Small business lending protocol Defactor tokenizes $100M in bonds
6.6.2023
The bonds are tokenized on Polygon using the ERC-3643 token standard
Blue-chip collaterals help stabilize NFT lending: Paraspace
5.6.2023
"We only support blue chip NFT to reduce the risks," said Paraspace developers
Blur Dominates NFT Lending Market With 82% of All Loan Settlements Across the Sector, Dappradar Study Reveals
27.5.2023
A recent study by Dappradar discloses the May loan volumes for non-fungible tokens (NFTs) reached a high of $375 million. The findings emphasize the significant influence of Blur within the NFT lending market, as the NFT marketplace platform constitutes 82% of the entire value settled in the...
Nike Trips Up .SWOOSH Launch While Bitcoin NFTs Soar
26.5.2023
Nike’s .SWOOSH NFT drop was filled with missteps, while a Bitcoin NFT collection topped the charts and NFT lending is gaining momentum with Binance and Astaria entering the market
Blend Seizes 82% of NFT Lending Market Share: DappRadar
25.5.2023
Since NFT lending marketplace Blend launched May 1, it has amassed 169,900 ETH, or about $308 Million in volume
Ex-Sushi CTO Led NFT Lending Platform Astaria Rolls Out to Public
25.5.2023
After months in a closed beta, the NFT lending platform has witnessed the highs and lows of its competitors in the space and aims to boost NFT market liquidity while protecting the interests of lenders and borrowers
Binance Launching NFT Loan Feature
25.5.2023
The tool, launching on Friday, will initially support Ethereum loans and NFTs from Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki and Doodles collections
Crypto Conglomerates, DeFi Targets of EU Financial Stability Watchdog Concerns
25.5.2023
Risks from smart contracts, high leverage and crypto staking and lending may imply a need for new regulations, the European Systemic Risk Board said
Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits
19.5.2023
Eurozone banks are profitable but the benefits from higher interest rates may be smaller than expected, according to the deputy head of the single currency area’s monetary authority. The official noted that while most of the tightening has been done already, more rate increases are to come. Euro...
BlockFi used customer money to buy $30M insurance, creditors claim
16.5.2023
BlockFi said last Friday that it might not generate value for creditors by selling its cryptocurrency lending platform
Crypto bank runs in 2022 catalyzed by institutional withdrawals: Research
16.5.2023
Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to heavy withdrawals and a liquidity crunch
Lending Platform Atlendis Deploys Upgrade on Polygon, Opens $2M Lending Pool for Banxa
16.5.2023
Atlendis Labs is a blockchain-based credit marketplace that offers revolving credit lines for small and medium-sized businesses and fintech firms