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Nalezeno "crypto lending": 298

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

The Credit Crunch Is Not the End of Crypto Lending

20.7.2022
It is a mistake to view Bitcoin’s success as a trade-off against the creation of credit. Its future depends on it, says our columnist, a partner at Castle Island Ventures

California regulator investigating crypto interest accounts

13.7.2022
The regulator also said in its view that certain crypto interest account providers were providing unregistered securities, such as BlockFi and Voyager

California Is Investigating ‘Multiple’ Crypto Lending Companies

12.7.2022
The state’s Department of Financial Protection and Innovation is looking at whether firms that have suspended customer withdrawals and transfers have violated its laws

Keyfi Founder Sues Celsius — Says Crypto Lender’s Entire Portfolio Had ‘Naked Exposure to the Market’

8.7.2022
On July 7, 2022, the pseudonymous non-fungible token (NFT) collector known as “0xb1” published a Twitter thread that discusses the collector’s true identity and his relationship with the crypto lending firm Celsius. According to 0xb1, otherwise known as Jason Stone, his team...

Virginia county Fairfax commits $35M to Van Eck crypto lending fund

6.7.2022
Fairfax County continues its cryptocurrency investment endeavors through VanEck crypto lending fund, exploring the world of yield farming through the asset manager

Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld

6.7.2022
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore...

Crypto Lender Vauld Suspends Withdrawals, Company Is Discussing ‘Restructuring Options’ With Advisors

4.7.2022
On July 4, the crypto lending company Vauld announced it suspended withdrawals, trading, and deposits after disclosing the firm is “facing challenges.” While not naming any specific companies, the Singapore-based cryptocurrency lending platform and exchange mentioned “financial...

Midas․Investments Wants to Bridge the Gap With CeDeFi Strategies

1.7.2022
PRESS RELEASE. Crypto investment platform Midas Investments has reported that it has created an infrastructure that is designed with built-in, automated tools and strategies that don’t require investors to master the nature of trade within the volatile decentralized finance market....

Surprise twist as BlockFi receives Money Services License in Iowa

29.6.2022
Despite a significant fine from Iowa’s regulator just two weeks earlier, BlockFi has scored itself a license in the state

Celsius Stories Littered With ‘People Familiar With the Matter’ Sources, Report Claims Lender Struggles With Arguments Over Bankruptcy

28.6.2022
The embattled crypto lending platform Celsius has kept withdrawals and transfers frozen since June 12 and told the Celsius Network community that the “process will take time.” Since then, Celsius users are wondering why they are still receiving weekly rewards, and reportedly...

Not the best week for crypto lending: Law Decoded, June 20-27

28.6.2022
The Celsium failure continues to draw attention to the lending issues from regulators and community

Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice

25.6.2022
After the crypto lending platform Celsius halted operations on June 12, at 10:10 p.m. (ET), two days later the Wall Street Journal (WSJ) quoted “people familiar with the matter” who said Celsius was hiring restructuring lawyers. At the time, the WSJ said Celsius was looking to hire...

5 Risks to Know Before Using Centralized Crypto Lending Platforms

25.6.2022
Crypto lending has been one of the most prominent activities in crypto markets. The activity has developed over the years with several crypto lenders emerging to meet the demand for crypto loans. ... Read More: 5 Risks to Know Before Using Centralized Crypto Lending Platforms

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

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

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...