“On the one hand, there is smart contract risk, there is protocol risk,” said Alex Thorn, head of firmwide research at Galaxy Digital, a crypto investment bank. “Also, lending in DeF...
Tag: lender
DeFi Lender Inverse Finance Drained for $1.6M
Ethereum-based DeFi lending protocol Inverse Finance suffered yet another hack. Peckshield was the first to observe the flash loan attack following which it revealed that the attacker carried out an e...
Crypto fund Three Arrows Capital faces potential insolvency after lender liquidation
The future of crypto hedge fund Three Arrows Capital hangs in the balance as the firm faces potential insolvency after being liquidated by its lenders. According to well-placed sources, the investment...
Crypto lender Celsius mulls possible restructuring amid financial woes: WSJ
Crypto lender Celsius has hired lawyers from Akin Gump Strauss Hauer & Feld LLP as it mulls its financial options after halting withdrawals this past weekend, according to the Wall Street Journal....
Withdrawals And Transfers Have Been Halted By Cryptocurrency Lender Celsius Due To Extreme Market Conditions
Celsius, whose investors include stablecoin issuer Tether International, growth equity firm WestCap Group, and Canadian pension fund Caisse de Dépôt et Placement du Québec, writes, We are making this ...
Crypto lender BlockFi cuts staff by ‘roughly 20%’
Crypto lending firm BlockFi said Monday that it is laying off “roughly 20%” of its staff. In a blog post, penned by co-founders Zac Prince and Flori Marquez, the company cited “marke...
Crypto top lender Celsius pauses withdrawals
Celsius, a popular cryptocurrency lending platform, announced on Monday that it was suspending all withdrawals, adding to the market’s already-stressed state. Cryptopolitan recently covered a post the...
What Analysts Are Saying After Crypto Lender Celsius Paused Withdrawals; BTC Drops Below $23K
Bitcoin was recently trading at about $22,500, down more than 16% over the past day. As for major altcoins, the question wasn’t whether they were in the red but by how much. Ether, the second la...
Major Crypto Lender Celsius Suspends Withdrawals, Bitcoin Drops To 18-Month Low
Topline Major crypto lending platform Celsius on Monday announced it was suspending all withdrawals due to “extreme market conditions,” triggering a major selloff in the cryptocurrency market with Bit...
Crypto Lender Celsius Stops Withdrawals, Fuels Market Slump
(Bloomberg) — Crypto lender Celsius Network Ltd. paused withdrawals, swaps and transfers on its platform, fueling a broad cryptocurrency selloff and prompting a competitor to announce a potentia...
Major Crypto Lender Celsius Suspends Withdrawals, Bitcoin Drops Below $25,000
Topline Major crypto lending platform Celsius on Monday announced it was suspending all withdrawals due to “extreme market conditions,” triggering a major selloff in the cryptocurrency market with Bit...
Crypto Lender Nexo Plans To Acquire Celsius’ Remaining Assets
Cryptocurrency lending platform, Nexo has come forward to put an acquiring offer in front of its competitor Celsius. Earlier, Celsius announced that it will be halting all its services between the acc...
Offering High Yields, Crypto Lender Celsius Token Falls In the Wake of Terra Collapse
– Advertisement – Celsius Just Dipped By 32% Due To Ripple Effects After Terra Collapse. Terra’s woes appear to affect other crypto projects in the industry. Apparently, Celsius, which is ...
Crypto-financial Lender Babel Finance Secures $80m in Series B Funding, Valuated up to $2Bn
Hong Kong-based crypto-financial lender Babel Finance has raised $80 million in Series B funding at a valuation of $2 billion. In this round of funding, investors include Times Capital and 10T Holding...
DeFi lender left with $35 million bad debt after quoting depegged stablecoins at $1
Scream, a DeFi lending protocol on Fantom, has incurred $35 million in bad debt after failing to adjust the price of two stablecoins that lost their US dollar peg. The two stablecoins in question are ...
DeFi lender incurs $35 million loss after pricing depegged stablecoins at $1
Scream, a Fantom-based Defi lending protocol, has sustained $35 million in bad debt after neglecting to change the prices of two stablecoins that dropped their US dollar peg – Fantom USD (fUSD) ...
Over $80 Million Stolen From DeFi Lender Rari Capital
The decentralized finance lender Rari Capital was exploited over the weekend, with over $80 million swiped. Fei Protocol, which merged with Rari last year, offered the anonymous attacker a bounty of $...
DeFi Lender Fei Protocol Suffers $80M Security Breach
Fei protocol, an Ethereum-based decentralized exchange, has suffered an extensive security breach a year after it merged with RAri Capital, a lending and borrowing protocol, smart contract analysis fi...
Bison Bank Is the First Portuguese Lender to Gain Local Crypto License
The Portuguese central bank, the Banco de Portugal, granted a license to Bison Bank on Thursday that will allow the lender to operate as a virtual asset service provider (VASP). The license will allow...
Crypto Lender Nexo Unveils Digital Asset Prime Brokerage Unit
Dubbed Nexo Prime, the proprietary prime brokerage platform will focus on catering to institutional, corporate, and high-net-worth investors. It aims to provide them with all the tools necessary to tr...
Crypto Lender Nexo Committed to Foster Web3 Adoption with $150 Million Nexo Ventures Arm – crypto.news
Nexo, an all-in-one, regulated cryptocurrency platform that allows users to store their digital assets recently announced the launch of Nexo Ventures, a Web3-focused investment arm. What Is Nexo Ventu...
Crypto Lender Nexo Launches $150M Ventures Arm for Web3 Projects
Startups that partner with Nexo Ventures will have access to wide in-house FinTech expertise and development resources. Nexo, one of the leading digital assets lenders in the crypto ecosystem, has lau...
Crypto Lender BlockFi Says Client Data Leaked In Security Breach
Crypto lending platform BlockFi said on Saturday that an unauthorized third party had gained access to some of its customer data. Personal information including names, emails and phone numbers for a “...
Russian banks are so broke the biggest lender just got the go-ahead to issue digital assets like crypto
The impact of sanctions and the collapse of the Russian ruble after the invasion of Ukraine has some Russian banks turning to the crypto market for a boost. Like the biggest one. That is Sberbank, Rus...
Russia’s Largest Lender Sberbank Secures License to Issue, Exchange Digital Assets
Russia’s central bank granted the country’s largest lender Sberbank a license to issue and exchange digital assets. The latest move opens new avenues for the nation’s economy hammered by western sanct...
Bitcoin Is Recovering as $60 Million Short Returned to Lender
Arman Shirinyan Traders return a $60 million lend after closing 2,743 BTC short on Bitfinex Contents Strong shorting activity Bitcoin’s movement in the rangebound As the quiet days on the market...