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Celsius judge says court may look to UK consultation paper in absence of US guidance
17.10.2022
Judge Martin Glenn says U.K. legal principles may be “persuasive” in the absence of U.S. legal precedents in the complex case of the crypto lending platform’s bankruptcy
Binance launches $500M lending project to support crypto miners
17.10.2022
The loans will be provided to “blue-chip” Bitcoin miners who could back their bids with physical or digital assets
Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry
16.10.2022
Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled that Binance Pool intends to launch cloud mining products. Leading Exchange Binance Looking...
Texas authorities object to Voyager's disclosure statement in its current form
15.10.2022
The Texas state authorities, SSB and DOB, argued that Voyager fails to explain the methodology used to calculate the average coin prices, among others
TrueFi's $4M Bad Debt in Limbo Shows Risk of Crypto Lending Without Collateral
13.10.2022
Decentralized lending protocol TrueFi’s experience with loan defaults reveals its recourse for recovering bad debts: old-school solutions that can be time-sapping and costly, such as taking borrowers to court
Solana-Based Defi Protocol Mango Markets Loses $117 Million in Hack, Exploit Allegedly Revealed in Project’s Discord in March
12.10.2022
According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol. An analysis of the hack published by Certik explains that the attacker manipulated the price of the project’s native token...
Crypto Lending Platform Moon Mortgage Raises $3.5M Seed Round
11.10.2022
The platform will allow investors to use their crypto as collateral for financing real estate investments
DefiLlama founder moves to NFT lending to tackle liquidity constraints
10.10.2022
The anonymous creator, 0xngmi, has developed a new protocol allowing users to become liquidity providers for their nonfungible token collections
Scammers Are Targeting Cryptocurrency Scam Sites to Hijack Their Targeted Audience
7.10.2022
Cryptocurrency scam sites are being targeted by other scammers to hijack their traffic and their possible earnings. A recently detected threat actor, named Water Labbu, is manipulating the users that are drawn to these sites as a source of revenue, injecting a malicious script as a tool...
Crypto Lending Firm Ledn to Acquire Canadian Fund Manager Arxnovum
6.10.2022
Toronto-based crypto lending firm Ledn has agreed to acquire Canadian crypto exchange Arxnovum, according to a press release
DeFi Platform Ribbon Finance's Unsecured Lending Product Sees Crypto Firms Folkvang and Wintermute Borrow Over $10M
6.10.2022
Ribbon's Lend, which went live on Monday, allows institutions to borrow funds without having to lock in collateral
FTX’s $1.4B bid on Voyager Digital assets: A gambit or a way out for users?
5.10.2022
FTX has bid $1.4 billion for Voyager Digital’s assets, looking to provide users a way out if they move to its platform, but there are risks
Bankrupt Crypto Lender Celsius’ Asset Sale Is Scheduled, Sources Say FTX CEO May Bid
4.10.2022
According to a filing published by the U.S. Bankruptcy Court for the Southern District of New York, the crypto lending firm Celsius has been given a final bid deadline of October 17, 2022. Following the bankruptcy court’s final bid deadline, a sale hearing is scheduled for November 1....
Celsius founder reportedly withdrew $10M before bankruptcy filing: FT
3.10.2022
The details of the withdrawal will reportedly be part of upcoming court filings, and it's possible the founder and former CEO of the crypto platform could be forced to pay it back
The Post-Terra Era: Incentivising Innovation and Longevity Through Regulation
2.10.2022
Vincent Chok is the CEO of First Digital Trust, a Hong Kong-based technology-driven financial institution powering the digital asset industry and servicing financial technology innovators including blockchain clients, payments companies, and virtual banks.__________...
Read More: The Post-Terra...
US Tennis Player Serena Williams’ VC Firm Leads Ugandan Fintech’s $12.3 Million Pre-Series A Funding Round
2.10.2022
The Uganda-based digital lending fintech startup, Numida, has said it will start offering its services to micro, small, and medium-sized enterprises in other African countries. Numida’s plans to offer its services to businesses beyond Uganda’s borders came shortly after it...
NEXO risks 50% drop due to regulatory pressure and investor concerns
30.9.2022
Analysts fear NEXO price could come under pressure if regulatory action in the United States begins to intensify
Celsius Creditors Move to Subpoena Lending Firm Equities First for $439M Collateral Repayment
30.9.2022
Celsius said that Equities First still owes its $439 million
Nexo ‘surprised’ by state regulators' actions, says co-founder
29.9.2022
Kalin Metodiev emphasized that Nexo has been navigating through conversations with regulators for the past couple of years to ensure compliance, and was surprised that this news was “thrown out there in public.”
Maple Finance CEO: Separating risk from lending saved DeFi from market crash
29.9.2022
DeFi crypto lending has operated as intended through the crypto winter because transparency kept it in line and business activities were siloed, according to Maple Finance’s Sid Powell