Grocery courier Boxed Inc. said Tuesday it might file for bankruptcy as it continues to explore a possible sale of the business less than two years after going public through a merger with a special-p...
Tag: Lenders
Voyager Liquidates 400,000,000,000 Shiba Inu on Coinbase As the Embattled Lender’s Selling Spree Gathers Steam
New data reveals that bankrupt crypto lender Voyager Digital just moved hundreds of billions of meme token Shiba Inu (SHIB) from Coinbase. According to the blockchain-tracking platform Lookonchain, Vo...
High Prices And Risky Credit May Steer Buyers To Older Used Cars; Dealers, Lenders Adjust
1986 Ford F-150 pickup truck Photo: Ford By process of elimination, older used cars are becoming the purchase of last resort for bargain-hunting shoppers and those with subprime credit scores, analyst...
Star Banker’s Disappearance Surprises Even China’s State Lenders
(Bloomberg) — The disappearance of Chinese banker Bao Fan has surprised even some of his state-owned lenders, several of which are asking his firm for more information as they assess their expos...
Alameda Seeks to Recover $446M in Crypto Paid to Voyager After Lender’s Bankruptcy
Voyager had 10 different loan sheets with Alameda at the time it filed for bankruptcy, the filing said. In various filings in September and October 2022, Voyager claimed it held FTT (an exchange token...
UK Treasury outlines plans for regulating crypto exchanges and lenders
The UK Treasury published a consultation paper, which sets out plans to regulate crypto trading platforms and lenders as part of its financial services roadmap. The consultation is open for com...
Saudi Central Bank To Experiment With CBDC Alongside Fintech Lenders And Companies
As the adoption of digital assets continues to grow widely, entities are following suit while aiming to use digital assets in their own way. In today’s news, the Saudi Central Bank (SAMA) unveiled its...
U.S. mortgage lenders gave crypto banks billions of dollars: Report
Join Our Telegram channel to stay up to date on breaking news coverage According to a Jan. 21 article in the newspaper, the Federal Home Loan Banks System (FHLB) of the United States is financing bill...
What is happening at Nexo? Crypto lender’s offices raided
What is happening Nexo? Crypto lender raided Crypto lender Nexo had its offices raided in Bulgaria Thursday, in what is cryptocurrency’s latest tussle with the law. Are you looking for fast-news, hot-...
Crypto Miners Aren’t Giving Lenders Their Money Back
Of all the people or companies in the crypto space, lenders likely have it worse than anyone or anything. They are the ones giving money to the crypto companies that are now failing or struggling to s...
Ellison and Wang admit misleading lenders with Bankman-Fried
FTX trouble begins to clear the air as more accounts come forward with their statements. Caroline Ellison, the former Chief Executive Officer of Alameda Research, pleaded guilty recently, admitting th...
Best Bad Credit Loans Guaranteed Approval With No Credit Check From Top 3 Direct Lenders Of 2023
Glendale, CA –News Direct– Blue Ribbon Media It is time to say goodbye to 2022 and welcome 2023 with as much enthusiasm and celebrations as we can. However, being around the year’s e...
Caroline Ellison tells court she knowingly misled lenders: Bloomberg
Caroline Ellison, the former CEO of Alameda Research, told a federal court in New York that she knowingly misled lenders about how much the firm had been borrowing from the collapsed FTX crypto exchan...
Alameda’s Ellison Says She, Bankman-Fried Agreed to Mislead FTX Lenders
(Bloomberg) — Former Alameda Research CEO Caroline Ellison said she and FTX co-founder Sam Bankman-Fried knowingly misled lenders about how much the now-bankrupt trading firm was borrowing from ...
SBF: FTT Issues for FTX Lenders?
Rumors are circulating on Twitter regarding a possible issuance of the FTT token to repay Sam Bankman Fried‘s (SBF) creditors after the failure of FTX. Obviously, this news has sparked much discussio...
Galaxy Digital gets 60% off Celsius assets after crypto lender’s bankruptcy
Galaxy Digital, Mike Novogratz’s crypto-focused financial services firm, announced Friday that it had won an auction to purchase GK8 from insolvent cryptocurrency lender Celsius Network. Price lower t...
Why Do Crypto Lenders Keep Blowing Up?
Before the market downturn, lending was big business for the crypto industry. Celsius, sometimes called a “neobank,” accrued over $11 billion assets on its platform. BlockFi, which recently filed for ...
FTX Contagion Hits Winklevoss Twins as Crypto Lenders Come Under Fire
(Bloomberg) — The fallout from the rapid collapse of Sam Bankman-Fried’s FTX is spreading across the crypto world, ensnaring the billionaire Winklevoss twins through a liquidity squeeze at their...
Crypto Lenders Keep Pausing Withdrawals Citing FTX Exposure
An investment firm run by bitcoin backer Simon Dixon has canceled plans to acquire embattled crypto lender SALT, which has suspended withdrawals over exposure to FTX. Dixon’s investment unit BnkToTheF...
California’s DFPI suspends this crypto lender’s license amid FTX fiasco
FTX has left several associated platforms and projects facing the heat of the community since its bankruptcy. While the consequences were restricted to ethical and monetary terms, a new decision by th...
Bankrupt Crypto Lenders Celsius Seeks Extension of Exclusivity Period
About four months after commencing voluntary Chapter 11 bankruptcy proceedings, crypto lender Celsius Network is yet to execute the much-talked-about restructuring plan. The troubled lender has now f...
2 Lenders Claim Bitcoin Miner Iris Energy Defaulted on Equipment Loans Worth $103 Million – Mining Bitcoin News
Another bitcoin mining company is dealing with financial issues as Iris Energy’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) shows the company could face default on two loan...
Housing Market Braces For Rising Layoffs ‘Soon’ As Mortgage Lenders, Home Sellers Cut Thousands Of Jobs
Topline Though the labor market’s overall resilience continues to puzzle experts, the plight of rising interest rates, which are spurring a historic plunge in home sales, could soon lead to a ra...
With new mortgages down 55%, US lenders are starting to go bankrupt — could this one factor trigger the worst surge of failures since 2008?
With new mortgages down 55%, US lenders are starting to go bankrupt — could this one factor trigger the worst surge of failures since 2008? The real estate market just can’t catch a break, with invent...
Morpho, The New Ethereum Application To Reunite Borrowers And Lenders
The post Morpho, The New Ethereum Application To Reunite Borrowers And Lenders appeared first on Coinpedia Fintech News Co-founded by Paul Frambot, Morpho is an Ethereum application that adds P2P lend...
Reuniting Borrowers and Lenders on DeFi
Well, Morpho has a thorny relationship with its pool-oriented peers. It relies on Aave and Compound pools when individual borrowers and lenders can’t be matched, but Morpho also hopes to siphon money ...
Reuniting Borrowers and Lenders
Well, Morpho has a thorny relationship with its pool-oriented peers. It relies on Aave and Compound pools when individual borrowers and lenders can’t be matched, but Morpho also hopes to siphon money ...
Celsius founder withdrew $10M weeks to crypto lender’s bankruptcy: Report
Celsius Network (CEL/USD) founder Alex Mashinsky, who recently resigned as the bankrupt crypto lender’s CEO, withdrew $10 million from the firm’s accounts just weeks before it announced a halt to all ...
Celsius: A look into the crypto lender’s ex-CEO may solve the bankruptcy puzzle
Alex Mashinsky, the single-most controversial figure in the Celsius Network [CEL] bankruptcy saga, was back in the spotlight. And this time around, the claims that haunt the executive aren’t ones that...
Here is why UK lenders halted mortgage deals with clients
Following the announcement of a “mini-budget” by UK’s finance Minister Kwasi Kwarteng last week, currency markets and the British pound have witnessed turmoil. This has pushed UK lenders Halifax, Skip...
Hodlnaut Judicial Managers Weigh Unwinding Crypto Lender’s Assets Before Ethereum Merge
According to the statement, a particular risk of the Merge, which looks set to go ahead on Thursday, relates to so-called pricing oracles, which feed data to the smart contracts that govern DeFi proto...