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Solana-Based 'DeFi' Lender Solend Goes for Whale Hunting and Backpedals Instantly
20.6.2022
A new proposal put forward by Solana (SOL)-based borrowing and lending service Solend to disapprove the takeover of the protocol's largest account following huge backlash from the community has passed with an overwhelming majority of votes.
The new proposal, dubbed SLND2, asked to invalidate...
Celsius 'In Dialogue' With 'Regulators & Officials', Gets Quieter About Its Operations
20.6.2022
In a most recent update, troubled major crypto lender Celsius (CEL) did not provide any indications of when it expects to stabilize its liquidity and operations, but stressed its focus on its work with "regulators and officials" while limiting communication with its clients....
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Crypto lender Babel Finance halts withdrawals due to liquidity pressures
17.6.2022
Hong Kong-based asset manager Babel Finance is the latest crypto lending firm to signal the growing crisis of the cryptocurrency lending industry amid the bear market
Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’
16.6.2022
According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sources note that Citigroup was hired by Celsius to help...
Texas securities regulator investigates Celsius over withdrawal suspension: Report
16.6.2022
Reports from different media outlets in the last week also suggested the Celsius Network has lost major backers and onboarded new attorneys amid a volatile crypto market
Self-Custody Is More Than a Feature – Dennis Jarvis, CEO of Bitcoin.com
16.6.2022
While markets are going up, people get more comfortable putting their cryptoassets into trusted third parties such as centralized exchanges and centralized lending platforms that promise increasingly enticing returns. The good times never last, though. As markets peak and monetary policy tightens...
Crypto Lending Platforms 'Should Be Regulated': Former CFTC Chairman
15.6.2022
“A lot of people have losses who didn't understand the risks they were taking,” former Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad said on CoinDesk TV’s “First Mover,” following the freezing of account withdrawals on crypto trading platform Celsius
NEXO price drops 40% in three days on rumors of ties to 'insolvent' crypto fund
15.6.2022
Nexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations
Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship
15.6.2022
Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring lawyers. Basically, hiring restructuring and insolvency attorneys...
Iowa regulator orders BlockFi to pay $943K over alleged unregistered securities offering
14.6.2022
The IID ordered BlockFi to pay an administrative fine as well as cease and desist “from making any untrue statement of material facts regarding securities.”
Ethereum crashed by 94% in 2018 — will history repeat with ETH price bottoming at $375?
14.6.2022
ETH's latest plunge could bring more pain despite expectations that $1,200 should hold
Celsius Tops Up More Collateral to Avoid Loan Liquidation, Faces ETH Squeeze
14.6.2022
The troubled crypto lending and borrowing company Celsius (CEL), which on Monday halted withdrawals due to “extreme market conditions,” is adding more collateral for a loan on the MakerDAO (MKR) decentralized finance (DeFi) protocol to avoid liquidation. At the same time, the company is facing...
Crypto Lending Company Blockfi Cuts Staff by 20%
13.6.2022
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince...
Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH
13.6.2022
ETH managed a sharp rebound after falling to $950. But the ETH/USD bearish continuation setup could have it revisit it
Celsius Insolvency Rumors Swirl After Company Pauses Withdrawals, Nexo Offers to Buy Firm’s Assets
13.6.2022
On Monday, June 13, 2022, the crypto economy dropped below the $1 trillion region, as a great majority of crypto assets have lost between 10% to 25% during the last 24 hours. Meanwhile, the crypto community has been discussing the cryptocurrency lending application Celsius as rumors of insolvency...
Crypto Lending Service Celsius Pauses Withdrawals, Citing 'Extreme Market Conditions.'
13.6.2022
The company will also pause its swap and transfer products, according to a blog post. It did not provide a timeline for resuming withdrawals
Ethereum price enters 'oversold' zone for the first time since November 2018
12.6.2022
Ether's price rebounded by nearly 400% after its RSI turned oversold the last time. Will this time be different?
How to Earn Passive Income from NFTs: 4 Ways That Already Work
11.6.2022
You probably aren’t yet aware of this but non-fungible tokens (NFTs) represent an untapped passive income-generating opportunity.
Read on to learn how you can earn passive income with NFTs using a variety of methods that actually work.
The convergence of NFT technology and decentralized...
DeFi contagion? Analysts warn of 'Staked Ether' de-pegging from Ethereum by 50%
9.6.2022
Liquid staking firms could default on their Ether obligations if "the Merge" does not happen
TrueFi launches on Optimism, expanding access to on-chain credit
7.6.2022
Several projects have launched on Optimism this year with the goal of giving users instant transactions and lower gas fees