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Swan Bitcoin CEO against crypto lenders: Users are way under-compensated for the risk
23.6.2022
The CEO of Swan Bitcoin, Cory Klippsten, criticizes Celsius Network and other centralized crypto lending platforms, warning of possible market contagion
Crisis in crypto lending shines light on industry vulnerabilities
23.6.2022
Leading crypto lending firms and hedge funds have run into trouble due to the market turmoil but more so because of their unchecked reckless decision-making process
Nexo hires Citibank to advise on acquisitions during market turmoil
23.6.2022
“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms
Nexo Eyes Potential M&A Targets as Crypto Market in ‘State of Fear’
22.6.2022
As the crypto market has entered “a state of fear,” and “nobody can say” whether the bottom is already behind us, major crypto lender Nexo (NEXO) is eyeing possibilities to acquire troubled companies, according to its co-founders....
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Celsius’ crisis exposes problems of low liquidity in bear markets
22.6.2022
Third-party custodians like Celsius failing is a reminder of one of the most basic principles of crypto; not your keys, not your coins
Voyager Digital Secures Credit Line from Alameda, May Send Three Arrows a Notice of Default
22.6.2022
Voyager Digital Holdings, an owner of a crypto platform, announced today that they entered into a multi-million credit line agreement with Alameda Ventures, but also that they may issue a notice of default to major crypto hedge fund Three Arrows Capital (3AC) for failure to repay...
ECB head calls for separate framework to regulate crypto lending
22.6.2022
Christine Lagarde introduced a “MiCa II” idea to cover the issues yet untouched by European regulators
SEC’s Peirce Says Crypto’s Lack of ‘Bailout Mechanism’ Is a Strength; FTX CEO as a 'White Knight'
22.6.2022
One of the most crypto-friendly members of the American regulatory Securities and Exchange Commission (SEC) has claimed that the bear market could boost sustainability in the industry – stating that she wouldn’t bail out ailing crypto companies even if she could....
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Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet
21.6.2022
The crypto lender Blockfi detailed on Tuesday that the company secured a $250 million line of credit from FTX. Blockfi’s CEO Zac Prince announced on Twitter that the company will use the capital to bolster Blockfi’s “balance sheet and platform strength.” Blockfi Obtains...
BlockFi Secures USD 250M Credit Facility from Bankman-Fried's FTX
21.6.2022
Major crypto lender BlockFi said it secured a USD 250m loan from the FTX exchange in an attempt to bolster its balance sheet.
The revolving credit facility, which is a type of credit, "are intended to be contractually subordinate to all client balances across all account types (BIA, BPY & loan...
Celsius token CEL rises 300% in one week amid a GameStop-like 'short squeeze' event
21.6.2022
The crypto lending platform's Insolvency risks puts CEL price at risk of a 70% drop
CEL Token Soars as Celsius Shareholder Proposes Recovery Plan, Celsius Pays Compound
21.6.2022
The troubled crypto lending and borrowing company Celsius’ CEL token jumped today, as a company shareholder proposed a recovery plan, and Celsius made a USD 10m payment to the decentralized finance (DeFi) platform Compound (COMP).
A couple of good news related to Celsius seem to have led to...
Solend Puts Forward 3rd Proposal that Would Reduce Borrow Limit to USD 50M
21.6.2022
Solana (SOL)-based borrowing and lending service Solend has put forward yet another proposal in a bid to mitigate the threat of the whale wallets at risk of liquidation.
Called SLND3, the latest proposal would introduce a per-account borrow limit of USD 50m. It would also gradually liquidate...
Crypto lending platform Babel Finance reaches counterparty debt agreement
21.6.2022
The firm emphasized that it will “actively fulfill its legal responsibilities to customers and strive to avoid further transmission and diffusion of liquidity risks.”
Bibel Finance to Repay ‘Some Debts’ and ‘Ease Its Short-term Liquidity Pressure’
20.6.2022
Crypto-financial services provider Babel Finance claims to have reached certain “preliminary agreements” with “major” and “relevant” players on the repayment period of “some debts” – easing its short-term liquidity pressure.
Per today’s notice by the company,...
Read More: Bibel Finance...
Ex-Sushi CTO Raises $8M for NFT Lending Platform Astaria
20.6.2022
The platform, led by CEO Justin Bram of DeFi vet Joseph Delong, aims to provide instant liquidity for your JPEGs and should be available to the public by September
Crypto lending can still survive bear market, analyst says
20.6.2022
Bear markets are much more brutal for crypto lenders than cryptocurrency firms that don’t leverage users’ deposits, according to one Bitcoin analyst
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