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The responsibility behind a crypto lender’s asset listing
16.10.2021
With the lack of regulation and common standards, a lot depends on crypto companies’ social responsibility and blockchain-based CSR
Securities Watchdogs File Orders Against Crypto Lender Celsius
18.9.2021
A news release published by the New Jersey government web portal indicates that the cryptocurrency lending platform Celsius has been sent a cease and desist order from the New Jersey Bureau of Securities. Furthermore, the Texas State Securities Board has ordered Celsius to appear at a hearing...
Kentucky Regulators Crack Down on Blockfi Interest-Bearing Accounts
31.7.2021
The crypto lender Blockfi is now dealing with regulators from five states as Kentucky has joined the fray against the firm’s Blockfi Interest Accounts (BIAs). On July 30, Blockfi shared a statement on Twitter that explained the Kentucky Department of Financial Institutions (DFI) has sent...
New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender
29.7.2021
On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained that the company has been “engaged in a productive discourse” with U.S. regulators. Prince further said the New Jersey Bureau of Securities had extended the state’s previous order to September 2. Meanwhile...
Crypto lender Celsius has paid out $250M in rewards
15.2.2021
The crypto rewards platform has seen tremendous growth over the past three months
Canadian Crypto Lender Ledn Raises $2.7M for Emerging Markets Expansion
8.2.2021
After growing in Latin America, the firm wants to bring its micro-loans and stablecoin savings features to other emerging markets
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 Lender BlockFi Registers Bitcoin Trust With SEC
29.1.2021
BlockFi is the latest firm to go up against Grayscale's behemoth bitcoin trust
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
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
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
Leaked Recordings Suggest Crypto Lender Babel Leveraged Users’ Funds in Longing Bitcoin
2.10.2020
Leaked recordings suggest crypto lender Babel Finance leveraged some user funds to long bitcoin and faced potential default risks during this year’s Black Thursday market crash
Visa Adds Crypto Lender Cred to Fast Track Payments Program
8.9.2020
Decentralized lending platform Cred is the latest crypto firm to join Visa’s Fintech Fast Track Program with the goal of scaling faster
Pomp’s Morgan Creek Leads $50M Investment in Crypto Lender BlockFi
20.8.2020
BlockFi’s Bitcoin reward card is inching forward
Genesis Reports Q2 Crypto Loans Spiked 118% to $1.4 Billion Amid Rising Yield Farming Interest
5.8.2020
Genesis Capital said Tuesday that its total number of loans outstanding more than doubled to $1.4 billion for the second quarter to June, up from $649 million three months earlier. The crypto lender, which targets institutional investors and wealthy individuals, added over $2.2 billion in...
What Crypto Lender Celsius Isn’t Telling Its Depositors
28.7.2020
Like all lending, the crypto kind carries risk. Celsius may be taking more of it than depositors, who have loaned it more than $1 billion, fully realize
Crypto Lender Nexo Enters Prime Broker Race, Enlists Chainlink for Audits
8.7.2020
Nexo is preparing to enter the prime brokerage space with Chainlink-powered audits that will bring more transparency to its operations
Crypto Lender BlockFi Says Monthly Revenue Up 100% After Bitcoin Halving User Boost
2.7.2020
BlockFi said it's seen a surge in revenue since the bitcoin halving and the launch of its mobile app