A five-member committee of creditors of bankrupt hedge fund Three Arrows Capital (3AC) has been formed today, according to three sources with knowledge of the matter. The committee is comprised of Dig...
Tag: lending
Crypto lender Celsius loaned $75 million to Three Arrows Capital
Crypto lender Celsius loaned $75 million to collapsed hedge fund Three Arrows Capital (3AC). Documents obtained by The Block show that Celsius made two loans in the stablecoin USDC to 3AC. One loan ...
Crypto lender Genesis lent $2.36 billion to Three Arrows Capital
Genesis Asia Pacific Pte Ltd, a division of the crypto lender owned by Digital Currency Group, lent $2.36 billion to collapsed hedge fund Three Arrows Capital (3AC). Earlier reports have stated that...
US-Based Lending Firm Owes $439,000,000 to Embattled Crypto Firm Celsius: Report
A troubled crypto brokerage that recently filed for bankruptcy says they are owed hundreds of millions of dollars by a US-based private lending firm. According to a new report by the Financial Times (...
Domain Money CEO on responsible crypto asset management and where failed lenders went wrong
Episode 64 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Adam Dell, founder and CEO of Domain Money. Listen below, and subscribe to The Scoop on Apple, Spot...
Celsius bankruptcy documents claim $1.2 billion balance sheet gap
Beleaguered crypto lender Celsius has claimed a $1.2 billion hole in its balance sheet, according to new documents filed as part of its newly declared Chapter 11 bankruptcy in New York. Chapter 11 ban...
Ripple to Explore New NFT Use Cases as It Backs NFT Lending Start-up
Tomiwabold Olajide XLS-20 standard proposed by Ripple aims to make NFT creation on XRPL highly compact and effective Ripple General Manager Monica Long is enthusiastic about the unveiling of new NFT u...
Troubled Crypto Lending Platform Celsius Files For Bankruptcy
After weeks of speculation and rumors, lawyers representing crypto lending platform Celsius have officially notified regulators the company is filing for Chapter 11 bankruptcy protection. “This ...
Shaky Cryptocurrency Lending Platform Celsius Files for Chapter 11 Bankruptcy – crypto.news
In a media statement published late on Wednesday, Celsius Co-Founder & CEO Alex Mashinsky said, “This is the right choice for our team and organization.” “To guide Celsius through all this procedu...
Celsius lending firm vows to recover after a bankruptcy filing
Celsius, a cryptocurrency lending platform, has filed for Chapter 11 bankruptcy. The lender filed for bankruptcy around two months after halting functions such as withdrawals, swaps, and transfers bec...
Torches, the Lending Protocol on KCC Opens TOP Mining with Up to 900% Mining Rate
Singapore, July 15, 2022 – Torches Finance, the decentralized lending protocol, announces the official launch of TOP (Torches Point token) Mining. By participating in the “Supply & Borrow”, users ...
Why This Cardano Based Lending Platform Records A 20% Up In TVL
Data from DeFi Llama records a massive increase in the total value locked (TVL) of FluidTokens, a Cardano-based lending protocol. This blockchain deployed its smart contract capabilities in late 2021 ...
Multiple U.S. Crypto Lending Firms Under Investigation by California Regulator – crypto.news
Amid the latest troubles faced by some major cryptocurrency lenders following the crypto market downturn, the California Department of Financial Protection and Innovation (DFPI) is looking into multip...
Multiple crypto lending companies under the scanner by DFPI investigating –
The California Department of Financial Protection and Innovation (DFPI) is one more state controller in the United States that started an examination against crypto Organizations offering revenue bea...
What’s Wrong With Centralized Crypto Lending?
Crypto lenders need to be clear about how customer funds will be treated in the event of bankruptcy, even before they file The current market downturn has exposed holes in some projects, but it also m...
Cardano’s Decentralized Lending Protocol Soars Nearly 55,000% in Total Value Locked (TVL) In One Month
– Advertisement – One of Cardano’s decentralized finance (DeFi) platforms is having an impressive rally in the amount of Total Value Locked (TVL) on the platform in the past 30 days. Acco...
a16z and Variant lead $18 million round into DeFi lending protocol Morpho
DeFi lending protocol Morpho has raised an $18 million round led by Andreessen Horowitz (a16z) and Variant via a native token sale in exchange for USDC. According to an announcement, other investors i...
‘Multiple’ Crypto Lending Firms Are Under Investigation, Says California Regulator
California Department of Financial Protection and Innovation (DFPI) announced on Tuesday that it is investigating several firms nationwide that provide customers with interest-bearing crypto-asset acc...
Tether Liquidates Crypto Used As Collateral by Controversial Digital Asset Lending Project
Stablecoin issuer Tether (USDT) says it has liquidated assets used as collateral by beleaguered crypto lending platform Celsius Network (CEL). Tether notes in a new announcement that its portfolio inc...
Lending Implosion Forces Regulatory Scrutiny in Texas and Alabama
Authorities in Texas and Alabama are widening their inquiry into the collapse of crypto-lending companies, Voyager Digital and Celsius Network. According to a Bloomberg report, the inquiry of the stat...
UK government explores DeFi with a focus on staking and lending
Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week. This past week, the De...
Troubled Crypto Lending Firms Investigated by Securities Regulators from Texas and Alabama
Alex Dovbnya State securities regulators have started investigating the embattled crypto companies that went underwater during the recent market turmoil State securities regulators in Alabama and Texa...
Lawsuit Against Crypto Lending Celsius Network
On Thursday, a former investment manager at Celsius Network filed a lawsuit against the cryptocurrency lender, alleging that it had frozen customer funds and had rigged the price of its own cryptocurr...
VanEc’s Crypto Lending Fund Grants $35m Investments from 2 Fairfax Retirement Funds
VanEck, a global investment manager that provides Exchange Traded Fund and Mutual Funds, announced that it has granted a $35 million direct investment from two Fairfax County retirement funds in Virgi...
Virginia Retirement Systems Invest in VanEck’s Crypto Lending Fund
Two retirement systems in Fairfax County, Virginia, distributed $35 million into VanEck’s cryptocurrency lending fund. The administrative region has experience in the digital asset industry since year...
Virginia county Fairfax commits $35M to Van Eck crypto lending fund
Virginia county Fairfax has begun investing a portion of a $35 million allotment into a cryptocurrency lending fund managed by global asset managers VanEck. The firm announced that it had received an ...
Nexo Looking To Acquire Distressed Crypto Lending Platform Vauld: Report
Crypto lender Nexo is announcing intentions to buy another lending platform in the industry as markets continue to struggle. According to a Reuters report, a new statement from the London-based Nexo s...
Crypto Controls Needed in Lending Sector to Stem Depression, Expert Says
For depression and crashes to be averted in the crypto market, regulation and capital controls are needed to govern fast-growing trading platforms, according to Rand Low, a quantitative risk modeller ...
Voyager Shares Drop 34% As Crypto Lending Platform Suspends Transaction
Voyager Digital, a provider of digital currency trading services, saw its shares plunge 34% on Tuesday after the company said it was limiting some of its services due to “unprecedented” market conditi...
Vauld Crypto Trading and Lending Firm Suspends Withdrawals – crypto.news
Vauld has announced the suspension of fund withdrawals, deposits, and all trading activities on its platform. The firm says the crypto market downturn has brought serious financial challenges upon it ...
Crypto Lending Firm Vauld Suspends Transactions After $198 Million Worth of Withdrawals
As it considers restructuring options, Singapore-based cryptocurrency lender Vauld has suspended all deposits, trading, and withdrawals from its platform. Since June 12, when the cryptocurrency market...
Crypto Lending Platform Vauld Halted All Withdrawals
3 hours ago | 2 mins read Editors News Vauld has raised around $27M from investors to expand its platform. The company hired Kroll Pte Limited as a financial advisor. Vauld intends to apply a moratori...