SMARTLend is a hybrid ROI DApp project that is built on the Binance Smart Chain Network. The developers behind the project chose the Binance Smart Chain network for its larger audience, cheaper transa...
Tag: lending
Babel Finance lost over $280 million in proprietary trading with customer funds
Babel Finance, the troubled Asian crypto lender that abruptly halted client withdrawals last month, suffered heavy losses due to proprietary trading with customer funds, according to its restructuring...
Layer by Layer Issue 41: Avalanche, Algorand, and Polkadot
July 28, 2022, 10:29PM EDT • 20 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridge...
Pat Toomey blames the SEC for crypto lending platform crisis
According to Senator Pat Tomey, famous for his vocal support for the crypto industry, the United States Securities and Exchange Commission (SEC) could have prevented the loss of $12 billion in assets ...
Clearpool launches uncollateralized stablecoin lending on Polygon
Clearpool, an uncollateralized stablecoin lending protocol, has expanded to Polygon, according to an announcement on Thursday. Clearpool provides uncollateralized USDC loans to institutions using dece...
Clearpool Has Launched Uncollateralized Lending on Polygon
Clearpool has announced the launch of its uncollateralized lending on Polygon, the scaling solution for Ethereum. The launch gives users an improved experience and higher capital efficiency. The innov...
First Ever Uncollateralized Institutional Lending Marketplace Coming To Polygon
– Advertisement – The First Ever Uncollateralized Institutional Lending Protocol Is Coming To The Decentralized Marketplace On Polygon. Clearpool, the first DeFi protocol for uncollatera...
Clearpool Scales Uncollateralized Lending Marketplace to Polygon
Institutional borrowers prefer to pay higher interest on unsecured loans than keep their collateral locked up Launching on Polygon will “allow Clearpool to scale, through enhancements in capacity, tra...
U.S. Senator Pat Toomey Blames SEC for Crypto Lending Products Fallout
U.S. senator Pat Toomey recently wrote a letter to Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), concerning the Commission’s approach to regulations governing companies t...
Bitmain Partner Antalpha Unveils Lending Products for Miners
The firm has about $700 million of client’s assets on its balance sheet and doesn’t leverage its internal assets, Liao said. The company believes it is in a good position to evaluate miner...
Klaytn Network’s Leading Lending Protocol Launches KLAP Token
Klaytn, the metaverse-friendly blockchain, has just gained another sub-token. On July 25 Klaytn Lending Protocol, better known as KLAP, launched its governance token for users of the decentralized app...
Klaytn Lending Platform KLAP Launches Its Native Token
Klaytn Lending Application (KLAP) has released its native token. The second largest dApp on the Klaytn blockchain, KLAP grew to become the leading lending and borrowing protocol within days of its May...
Klaytn Protocol KLAP to Launch KLAP Token to Power DeFi Lending
Seoul, South Korea, 26th July, 2022, Chainwire KLAP (Klaytn Lending Application), a DeFi protocol operating on the Klaytn blockchain, is set to launch its native token. The KLAP token will be made ava...
Voyager Digital Chapter 11: Analyzing FTX’s Proposal
July 25, 2022, 1:06PM EDT • 3 min read Quick Take FTX Trading, West Realm Shires and Alameda partnering together to purchase Voyager’s digital assets and digital asset loans Offer excludes all loans i...
CEO of Silvergate Bank Remains Bullish on Bitcoin Lending but Cites Short-Term Pain for Crypto
Silvergate Bank CEO said that their Bitcoin lending continues to grow strongly while referring to the recent market volatility as a good stress test. Last week, Bitcoin and the broader cryptocurrency ...
Silvergate CEO anticipates near-term crypto hardship but is upbeat on bitcoin lending
Silvergate Capital, a crypto-focused bank, believes that the bear market affecting the whole crypto industry is not over yet. Furthermore, their CEO feels the effects could get adverse in the coming q...
Silvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending
Shares of Silvergate are down 42% this year, though they’ve jumped 33% over the last week. The VanEck Digital Transformation ETF (DAPP), which holds a basket of various crypto stocks including exchang...
Crypto lending app CoinLoan completes attack tests from Blaze to enhance security » CryptoNinjas
CoinLoan, a licensed crypto lending platform, recently partnered with Blaze Information Security (Blaze), a cybersecurity firm with an international presence. The goal of the collaboration with Blaze ...
Binance Had ‘Very Minimal’ Exposure to Collapsing Crypto Lending Companies, Says CEO Changpeng Zhao
The CEO of Binance is answering questions about its risk exposure in the wake of several large crypto lenders collapsing. In a new interview with CNBC’s TechCheck, Binance head Changpeng Zhao explains...
SEC Chair Gary Gensler Says Crypto Lending Firms Fall Under Agency’s Jurisdiction
U.S Securities and Exchange Commission (SEC) Chair Gary Gensler says crypto lending firms fall under the dominion of the regulatory agency. In a new interview with CNBC, Gensler says the way digital a...
Crypto Lending Firm Vauld Owes Creditors Over $400 Million
20 mins ago | 2 mins read Defi News $34 million is apparently owing to Vauld’s biggest individual retail creditor. Based on court records and an affidavit, Vauld possesses $287.7 million. Singapore-b...
SEC Working to Register Crypto Lending Providers Under Securities Laws
The United States Securities and Exchange Commission (SEC) is working to register crypto lending firms under regulatory purview if they operate like investment companies, according to SEC chair Gary G...
Gensler Says SEC Should Regulate Crypto Lending Companies
Key Takeaways SEC chair Gary Gensler told CNBC today that crypto lending firms fall under the scope of the securities regulator. He noted that crypto lending firms offer returns as high as 10% and com...
Silvergate Q2’22 Earnings Update
July 20, 2022, 3:35PM EDT • 3 min read Quick Take Market intelligence series includes our latest on Celsius, Voyager and BlockFi Silvergate Capital closed at $79.60 per share, reflecting a +22.4% rall...
Zharta Closes Its Seed Round Raising $4.3 Million To Grow NFT Lending
Advertisement     Zharta, a unique lending blockchain protocol, is excited to announce the closing of its seed funding round that raised $4 million to serve the next g...
SEC boss is working to register crypto lending firms to ‘protect the public’
The United States Securities and Exchange Commission (SEC) chairman said that the agency is actively seeking to get some ‘so-called’ cryptocurrency lending organizations legally registered if they ope...
Goldman Sachs settles first security lending deal on blockchain worth ‘hundreds of millions’
Investment banking giant Goldman Sachs (NYSE: GS) in collaboration with the distributed ledger-based tokenization platform HQLAx has announced the execution of the first agency securities lending tran...
RociFi – a new DeFi primitive for under-collateralized lending
Christopher Brookins is the co-founder of RociFi, a new DeFi primitive for under-collateralized lending. In order to borrow on RociFi, users must mint an ERC-1155 token, NFCS (Non-Fungible Credit Scor...
The Credit Crunch Is Not the End of Crypto Lending
But were they? If their victory condition is “no credit is ever extended based on a crypto asset ever again,” they guarantee a loss. Yes, the lending industry has taken a hit, but it certainly won’t c...
SEC Chairman Talks On Failed Lending Platforms, Regulatory Framework, Future Of Crypto
SEC chairman Gary Gensler discussed various topics at the “Balance of Power” show. Gensler said the regulator will continue to build a regulatory framework. Gensler believes if crypto sta...
Zharta Raises $4.3 M to Speed Growth in Instant NFT Lending
Lisbon, Portugal, 20th July, 2022, Chainwire DeFi company Zharta, has secured seed funding from leading Web3 VCs and strategic investors to accelerate its growth to meet customer demand and go to mark...
Crypto Lending Platform Celsius Discloses A New Recovery Plan
Crypto lending platform Celsius Network had filed for bankruptcy on July 13. A month prior to that the crypto lender had ceased withdrawals along with transfers from accounts. Celsius representatives ...