The toll of crypto lenders who are feeling the pinch continues unabated. Coinbase-backed Vauld is the latest crypto lender to freeze withdrawals, as the crypto winter endures, bringing the industry to...
Tag: lending
Coinbase-Backed Lending Platform Suspends Withdrawals, Looking to Restructure
The cryptocurrency market downturn continues taking its toll, and lending companies are feeling the heat across the board. Another crypto lender to cease transactions is Vauld. According to a blog pos...
Celsius token records double-digit gains despite lending platform turmoil
Cryptocurrency lending platform Celsius’ ongoing controversies regarding the sustainability of the business appear to have little impact on the network’s native token Celsius (CEL) which has soared de...
Embattled Crypto Lending Platform Celsius Lays Off 150 Workers – crypto.news
Cryptocurrency lending platform Celsius has fired about a quarter of its workforce, days after assuring customers that it is working hard to fix its withdrawals and liquidity issues, according to repo...
DeFi Lending Platform “Wing Finance” Rolls Out Its New NFT Pool
Wing Finance, a decentralized lending platform, has successfully launched a non-fungible token (NFT) pool, offering highly competitive APR rates. The new functionality will support the first six blue-...
FTX US Closing In on $240,000,000 Deal To Buy Crypto Lending Platform BlockFi
FTX US is close to acquiring US-based lending platform BlockFi in a deal worth hundreds of millions of dollars. According to BlockFi CEO Zac Prince, pending shareholder approval, the lending platform ...
Crypto Lending Platforms Under Immense Stress As Court Orders 3AC Liquidation
Multiple events in the last two months have seen various crypto lending platforms come under fire from both a liquidity and investor confidence angle. The first which had been the LUNA collapse had be...
Alkemi Joins Forces with Ledger to Bring DeFi Lending & Borrowing to Ledger Live – crypto.news
Alkemi and Ledger have inked a partnership deal that has now made it possible for millions of Ledger users across the globe to enjoy decentralized finance (DeFi) lending and borrowing right from their...
Alkemi Team-up With Ledger Live For Enhancing DeFi Lending
4 hours ago | 2 mins read Defi News Ledger Live has received more than $50 million in gross deposits. Alkemi Network is connecting CeFi and DeFi to create an institution-grade liquidity network. Alkem...
Alkemi integrates Ledger Live to bring DeFi lending to over 1.5M Ledger users
Alkemi Network, a platform designed to help bridge DeFi and CeFi via an institutional-grade liquidity network, has announced integration with major hardware wallet maker Ledger to bring DeFi lending b...
NFT Lending Pool XCarnival Loses Nearly $4M in Exploit
A hacker exploited a smart contract in non-fungible token (NFT) lending pool XCarnival, stealing nearly $4 million from the platform. The hacker has since accepted a 1,500 ETH bug bounty from the team...
ECB’s Christine Lagarde Proposes A MiCA 2.0 To Cover Bitcoin, Staking, And Lending ⋆ ZyCrypto
Advertisement     President of the European Central Bank, Christine Lagarde, speaking with the European Parliament on Monday, has called on Lawmakers to start working ...
Uncollateralized lending faces Crypto Winter: Some fare better than others
The ripple effects of Celsius, Babel Finance, and 3AC’s liquidity crisis continue to shake up DeFi. Maple Finance announces they are halting withdrawals, while TrueFi, in a show of strength and stabil...
FTX Reportedly Planning To Buy Stake in Crypto Lending Firm BlockFi
Exchange News The total sum being discussed has not been made public yet. The company sold its stake in 3AC and reduced 20% of its personnel this month. Wall Street Journal reports that well-known cry...
Crisis in crypto lending shines light on industry vulnerabilities
The crypto market has entered a bearish phase as prices of major cryptocurrencies have fallen to a four-year low. The current downturn in the crypto market has driven several crypto firms to go out of...
ECB President Lagarde: Crypto Staking and Lending Must Be Regulated
European Central Bank president Christine Lagarde argued for regulation of crypto activities including staking and lending, in remarks before the European Parliament this week. Speaking as chair of th...
ECB head calls for separate framework to regulate crypto lending
A week after the major American crypto lending platform Celsius had to freeze the withdrawal option for its users, European Central Bank (ECB) president Christine Lagarde voiced her conviction on the ...
JPMorgan Lays Off Home Lending Employees As Housing Market Cools
Topline JPMorgan Chase—the nation’s largest bank—laid off hundreds of home lending employees Wednesday, Bloomberg reported, as rising mortgage rates and increased inflation continue to cool a once-hot...
Nexo and Citigroup to explore consolidation of crypto lending space
Nexo is working towards consolidation of the crypto lending space as different players explore how best to protect retail investors in the crypto market. The leading crypto firm’s efforts have seen it...
Solana Lending DAO Overturns Vote to Take Over At-Risk ‘Whale’ Wallet
The decentralized autonomous organization (DAO) governing Solend, a Solana-based lending platform, has invalidated a previous vote that would have let it access a “whale” wallet that was allegedly put...
Distressed Lending Platform Babel Finance Rescued Amid Crisis
On June 16, major cryptocurrency lending platform Babel Finance announced that withdrawals would be temporarily halted because of “unusual liquidity pressures.” Liquidity issues are currently challeng...
Crypto Lending Company BlockFi Secures $250m Revolving Credit Facility With FTX
Cryptocurrency lender company BlockFi has signed a nonbinding agreement with leading American crypto exchange FTX to secure a $250 million revolving credit facility to improve its balance sheet and st...
Solana-Based Lending Platform Votes To Seize Whale’s Funds To Prevent Instability
A leading lending platform on the Solana (SOL) blockchain says a governance proposal urging users to grant it emergency powers to potentially seize the crypto assets of its largest whale has passed. A...
NFT Lending Platform Astaria to raise $8 million in a seed funding
On one hand, established crypto companies are in shaky situations due to the liquidity crisis but potential companies are also receiving fundings – comes as a bit strange! Astaria is a non-fungi...
Crypto lending platform Babel Finance reaches counterparty debt agreement
Hong Kong-based crypto lending firm, Babel Finance, has eased some of its immediate liquidity troubles by reaching debt repayments agreements with some of its counterparties. As previously reported, t...
Astaria Raises $8m in Seed Round to Improve NFT Lending Liquidity
Astaria, an NFT lending platform unlocking instant liquidity, announced on Tuesday that it has raised $8 million in a seed round from major venture capital and angel investors. Astaria disclosed it i...
MakerDAO Pauses AAVE Lending Activities
Arman Shirinyan One of biggest DAOs in industry stops operations with lending and borrowing platform One of the most notable decentralized autonomous organizations on the market has suspended operatio...
Crypto lending can still survive bear market, analyst says
The ongoing bear market on cryptocurrency markets is too harmful to industry lenders, but the concept of crypto lending can still survive the bloodbath, according to some industry experts. Cryptocurre...
Solana-based lending Platform Solend Steps Back from Controlling the Whale Account
The broader crypto lending and the staking markets have been undergoing one of the worst crises in history amid a wave of liquidations recently. On Sunday, Solana-based “decentralized” lending platfor...
Crypto Lending Platform Babel Finance Pauses Withdrawals, Citing ‘Liquidity Pressures’
Babel Finance has become the latest crypto lending platform to suspend redemptions and withdrawals, the Hong Kong-based company said in a blog post Friday. The firm stated it was “facing unusual liqui...
Crypto Lending Platform Babel Finance Halts Withdrawals Following Celsius
3 hours ago | 2 mins read Defi News Babel Finance had a loan balance of over $3 billion by the end of 2021. It had a monthly derivatives trading volume of $800 million. Another cryptocurrency lending ...
Finblox becomes latest crypto lending platform to report difficulties
? Want to work with us? CryptoSlate is hiring for a handful of positions! Crypto savings platform Finblox posted a Twitter statement on June 16 informing users of a freeze on rewards and the impositio...