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2 More Crypto Platforms Pause Withdrawals as Liquid Global and Salt Lending Cite Exposure to FTX
15.11.2022
On Nov. 15, 2022, the crypto exchange Liquid Global revealed that it has suspended fiat and crypto withdrawals “until further notice.” The same day, customers leveraging the crypto lending platform Salt were also informed that Salt has paused withdrawals and deposits. Furthermore, the crypto lender...
Liquidity Crunch Spreads to Crypto Lending as Institutional Borrowers Max Out Credit Pools
9.11.2022
Multiple crypto investment firms received a “warning” label on lending protocol Clearpool for draining almost the maximum amount of credit from their credit pools
Moola Market attacker returns most of $9M looted for $500K bounty
19.10.2022
The attacker has scored about a half-million dollar “bug bounty” after choosing to return a majority of the cryptocurrency they exploited from the Celo-based lending protocol
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
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
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
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
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
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.”
Thai SEC Proposes Banning Crypto Businesses From Staking and Lending Activities
17.9.2022
The Thai Securities and Exchange Commission (SEC) has proposed banning businesses from engaging in crypto staking and lending activities. The regulator is seeking public comments on the proposal, noting that the purpose of this prohibition is “to provide greater protection to investors...
Crypto Lending Compmany Celsius Files for Permission to Sell Its Stablecoin Holdings
16.9.2022
Celsius currently owns 11 forms of stablecoins totaling approximately $23 million, according to disclosures
Thai SEC intends to ban crypto lending in the country
15.9.2022
The Securities and Exchange Commission of Thailand is preparing to take radical measures in the aftermath of the summer’s crypto lending platforms’ crashes
Crypto Investor BnkToTheFuture Agrees to Buy Salt to Add Crypto Lending
2.9.2022
The platform also plans to work with companies in financial distress on possible ways out of their predicaments
Ripple counsel: SEC's shakedowns leave consumers holding the bag
30.8.2022
The response comes as Ripple Labs and other critics believe the SEC has overstepped its mark on the enforcement of the crypto space
Celsius Network is bankrupt, so why is CEL price up 4,000% in two months?
13.8.2022
Takeover rumors and an ongoing short squeeze help CEL price rally but is there enough momentum for more upside?
Crypto lending platform Hodlnaut suspends services due to liquidity crisis
8.8.2022
Hodlnaut avoided 3AC exposure and earlier denied ever buying UST, but several reports and on-chain data have shown that the lending firm at one point owned over $150M worth of UST
USD 6.8B Pension Fund to Invest in Crypto Lending Market
4.8.2022
Indicating that some major financial players have not been scared away from cryptoassets by the ongoing market downturn, the Fairfax County Retirement Systems, a US pension fund with assets totaling USD 6.8bn, has unveiled it is looking to invest in crypto lending markets to ramp up...
Singapore High Court Grants Crypto Lender Vauld Temporary Protection From Creditors
3.8.2022
Singapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring,...
Coinbase, Kraken Back Crypto Lending Platform CLST in $5.3M Seed Round
27.7.2022
Crypto lending and borrowing platform CLST has attracted investment from the venture arms of Coinbase, Kraken and Luno for its seed funding round