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Thailand Joins Singapore in Banning Crypto Lending Services
4.7.2023
Amid increased global scrutiny on crypto exchanges, Thailand joins Singapore among Southeast Asian countries to ban retail lending and staking services.
The Thai Securities and Exchanges Commission announced a ban stopping crypto exchanges from offering lending and staking services to retail...
Singapore's Monetary Authority Enforces Crypto Lending and Staking Ban for Retail Investors
4.7.2023
Singapore's chief financial watchdog has decided to enforce a ban on lending and staking for retail customers.
On July 3, the Monetary Authority of Singapore (MAS) revealed a set of new requirements for what it calls "Digital Payment Token (DPT) service providers".
These rules are meant...
South Korean crypto lending firm Delio under investigation by regulators
30.6.2023
The firm allegedly denied having any exposure to troubled sister lending firm Haru Invest before suspending transfers earlier this month
Solana-Based Crypto Lending Platform Jet Pivots to Fixed-Rate Term Lending
22.6.2023
The project's new model uses an order book to match borrowers and lenders, relying on a market-based mechanism to set interest rates
Crypto lender Delio to resume withdrawals after counterparty contagion
19.6.2023
"We will come up with a plan to recover the loss," said company officials
Rehypothecation May Be Common in Traditional Finance, but It Will Never Work With Bitcoin
10.5.2023
Applying rehypothecation onto bitcoin or crypto ignores the fundamental essence of these assets arising from a core bitcoin innovation, Christopher Calicott writes
Bankrupt Crypto Lending Firm Celsius Targeted for Acquisition by Apollo and NovaWulf
9.5.2023
Apollo Global Management is reportedly part of a bid by crypto investment firm NovaWulf to acquire the bankrupt crypto lender Celsius Network.
On April 30, Celsius named several companies interested in buying the lender, including NovaWulf, Fahrenheit LLC, and the Blockchain Investment Recovery...
ByBit joins crypto exchanges offering crypto lending services
2.5.2023
Dubai-based cryptocurrency exchange ByBit rolls out cryptocurrency lending service, joining a handful of major exchanges that offer interest-bearing lending facilities
Belgian Crypto Lender Bit4You Suspends Activities After Service Provider Declared Insolvent
27.4.2023
Bit4You learnt of CoinLoan's insolvency on April 24 and that it no longer has the necessary registration as a digital asset custodian
Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield
20.4.2023
The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm
Credit Agency Giant TransUnion Starts Delivering Credit Scores for Crypto Lending
20.4.2023
TransUnion, one of the largest credit agencies in the U.S., will provide off-chain credit scores for blockchain-based loan applications in a way that maintains the privacy of consumers
M11 Credit Restarts Crypto Lending on Maple Finance After FTX Fallout – Here's What You Need to Know
6.4.2023
Blockchain-based financing firm M11 Credit has resumed crypto lending on the decentralized credit marketplace Maple Finance.
The news of the resumption of service was announced in a Twitter thread from M11 Credit on Wednesday, where the firm also said it had upgraded its underwriting...
M11 Credit Resumes Crypto Lending on Maple Finance After FTX-Spurred Pause
5.4.2023
The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse
Bankrupt Crypto Lending Platform BlockFi Faces Potential $227 Million Loss in Uninsured Funds at Silicon Valley Bank – What's Going On?
11.3.2023
Bankrupt crypto lender BlockFi has $227 million in uninsured funds stuck in an account maintained by failed lender Silicon Valley Bank.
According to a March 10 filing by the Justice Department, BlockFi has $227 million parked in a money market mutual fund, which isn’t insured by the Federal...
SEC of Thailand wants public feedback on crypto lending, staking ban
10.3.2023
Thailand's securities regulator believes that crypto firms should not be allowed to deploy users’ deposits and provide lending services
Wormhole Bridge Exploiter Supplies $46M to Crypto Lending Platform Maker, Buys Wrapped Ether
13.2.2023
The exploiter is probably earning yields on staked cryptocurrency
Potential Buyers Are Showing Interest in Embattled Crypto Company Hodlnaut
6.2.2023
Potential buyers have shown interest in the embattled cryptocurrency lending company Hodlnaut and its claims against now-bankrupt digital asset exchange FTX.
According to a Monday report by Bloomberg, “various parties who are interested in acquiring” the Singapore-based crypto platform have...
Genesis Capital’s fall might transform crypto lending — not bury it
28.1.2023
TradFi firms with expertise in risk management may soon “fill the void” left by bankrupt crypto lenders, a Duke finance professor predicts
Unredacted Financial Documents Show Blockfi’s $1.2 Billion Connection With FTX, Alameda Research
25.1.2023
Unredacted documents mistakenly sent to the bankruptcy court indicate that the now-defunct crypto lender Blockfi had more than $1.2 billion tied up with FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi’s exposure to the bankrupt crypto firm FTX was more than what...
Crypto Firm Nexo Pays Out $45 Million in Settlement with SEC, Shutters Lending Product
20.1.2023
Crypto lending company Nexo has agreed to pay a total of $45 million to US regulators to settle claims that it failed to register the sale of its Earn Interest Product (EIP).
According to two separate statements by the US Securities and Exchange Commission and the North American Securities...