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Second largest US mortgage lender UWM dumps Bitcoin payment plans
15.10.2021
United Wholesale Mortgage previously announced plans to test Bitcoin and Ether for mortgage payments in August
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...
Finance Redefined: Swindling the lender and a $100M pot, Aug. 30–Sept. 3
3.9.2021
Hackers run wild, but DeFi marches on; all covered in this weeks Finance Redefined
Second largest US mortgage lender will accept crypto payments this year
19.8.2021
Speaking during a conference call about the firm’s Q2 results, United Wholesale Mortgage CEO Mat Ishbia outlined plans to accept crypto payments this year
SEC Charges 'Defi' Lender, Governance Token Issuers Should Take Notice
6.8.2021
The US Securities and Exchange Commission (SEC) charged Cayman Islands-registered DeFi Money Market (DMM) and its top executives, two Florida men, for unregistered sales of more than USD 30m of securities using smart contracts and "so-called "decentralized finance" (DeFi)...
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
IMF Cautions Central Banks May Have to Rethink What Constitutes Reserves
18.12.2020
The IMF warns that central banks may have to rethink what constitutes their reserve currency holdings. In a recent study, the global lender points to the changing geopolitical landscape, technological advances and the impact of the Covid-19 pandemic as events likely to influence the composition...
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.”
Covid-19: IMF Urges More Stimulus Support For Non-Contact Intensive Businesses
4.11.2020
The International Monetary Fund (IMF) is encouraging countries to create money to mitigate the effects of lockdown restrictions on economies. Specifically, the international lender wants businesses and workers displaced by the pandemic related responses to get financial support as they adjust their...
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
Online Lender SoFi’s Application to Create a National Bank Conditionally Approved by US
28.10.2020
The approval, if made final, opens the door for the new bank to custody cryptocurrencies
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