Solana (SOL) made a remarkable comeback after sliding into single digits back in December 2022. Solana price jumped by 112% in the last 30 days to trade at $25, at the press time. However, the SOL net...
Tag: lending
Solana-based Everlend shutters operations amid shrinking lending market
Decentralized finance (DeFi) lender Everlend Finance shut down its operations on Feb. 1, citing the liquidity crunch in the lending market. The Solana-based protocol said that it decided to close its ...
Ex Terra crypto lending protocol Mars Hub launches mainnet
Mars Hub has deployed its mainnet on the Cosmos blockchain. MARS token holders on Terra Classic to receive airdrop. After a tumultuous baptism of fire as the Terra ecosystem collapsed in upon itself, ...
DeFi protocol Archimedes raises $4.9 million in seed funding
Archimedes, a decentralized lending and borrowing protocol focused on leverage, raised $4.9 million in a seed funding round. Hack VC led the round, with Uncorrelated Ventures, Truffle Ventures, ...
Credit Suisse Reportedly Assigns Zero Lending Value To Adani Group Bonds Following Hindenburg Allegations
Topline Credit Suisse has assigned zero lending value for bonds issued by Adani Group’s listed subsidiaries, Bloomberg reported on Wednesday, a move that will deepen concerns for the beleaguered India...
The UK finally reveals plan to regulate crypto trading and lending
The UK government introduced a new crypto regulatory framework via a consultation paper published by the Treasury on Wednesday with stricter rules for investing and trading. Top of the agenda for the ...
Genesis Capital’s fall might transform crypto lending — not bury it
Is crypto lending dead, or does it just need better execution? That’s a question asked with more urgency in the wake of Genesis Global Capital Jan. 19 bankruptcy filing. That, in turn, followed the de...
Will Genesis Bankruptcy Transform Crypto Lending Business?
Genesis Global Capital, one of the industry’s leading crypto lenders, filed for bankruptcy protection on January 19, 2023. Digital Currency Group wholly owns the Crypto lending firm. The crypto lende...
New York Sues Crypto Lending Network Celsius and Its Former CEO
The state of New York and its attorney general Leticia James are suing former crypto lending network Celsius for allegedly engaging in fraud and misusing customer funds. New York Comes Down Hard on Ce...
Aave set to launch third version of its crypto lending protocol on Ethereum
DeFi lending platform Aave is set to launch the third version of its protocol on Ethereum after a successful DAO vote. Aave v3 on Ethereum will be launched with support for seven assets: wrapped...
Four RWA lending protocols rank among top 10 lending apps with largest collected interest
Four Real-World Asset (RWA) lending protocols ranked among the top ten Defi lending protocols that collect the largest sum of 180-day cumulative interest fees paid by users, according to crypto influe...
Mars, a Terra Lending Protocol to Launch Its Mainnet
Mars Hub announced the launch of an independent Cosmos application chain on January 31, 2023. Mainnet will go live with 16 Genesis validators. Anyone who held MARS at the time of the snapshot will re...
Gemini lays off 10% of its staff amid Genesis and DCG lending crisis
Crypto exchange Gemini laid off 10% of its staff, The Information reported, citing a message that was sent to employees on Monday. Poor macroeconomic conditions and “unprecedented fraud...
The Big Banks Want Their Lucrative Lending Back
(Bloomberg) — Editor’s Note: Welcome to Credit Weekly, where Bloomberg’s global team of reporters will catch you up on the hottest stories of the past week while also offering you a peek into wh...
The Federal Home Loan Banks System is lending to cryptocurrency
According to a report that was published by The Wall Street Journal on January 21, the Federal Home Loan Banks System (FHLB) of the United States is reportedly lending billions of dollars to two of th...
Terra lending protocol Mars to launch mainnet
The original Terra lending protocol, Mars Hub, announced the launch of its independent Cosmos application chain on Jan. 31, along with the issue of MARS tokens to users who hold it during the two snap...
Genesis’ crypto lending division declares bankruptcy in the U.S.
Join Our Telegram channel to stay up to date on breaking news coverage After being knocked out of the market along with companies like exchange FTX and lender BlockFi, the lending division of the cryp...
Genesis’ crypto lending unit filed for bankruptcy
Genesis, a crypto lending firm filed for bankruptcy protection on January 19. The company has owed almost $3.4 billion to creditors after being pitched by a market flight as well as FTX along with Blo...
Nexo Settles with SEC, Will Pay $45 Million and Kill Crypto Lending Product
It has been a tough week for Nexo Capital. On Sunday, Bulgarian authorities said they have evidence of Nexo customers using the platform for illegal activities, including laundering money, “tax offens...
Nexo Capital Fined by U.S. SEC for Unregistered Lending Offering
Nexo Capital Inc. was fined by the U.S. Securities and Exchange Commission (SEC) unregistered offer and sale of its lending product. The securities regulator said in a statement that Nexo agreed to pa...
Arch Launches Crypto Lending Product Following the 2.75Mn USD Funding
A fintech-based lending company Arch recently announced its very first financial product on January 18. Dhruv Patel, co-founder and CEO of the company, said in an interview that last year the company...
Genesis’ crypto lending businesses file for Chapter 11 Bankruptcy Protection
Genesis, along with its 2 subsidiaries, filed for Chapter 11 bankruptcy protection last Thursday following the collapse of FTX and Three Arrows Capital. The application has been filed by Genesis Globa...
Nexo pays $45 million to settle SEC and state charges for failing to register lending product
Nexo agreed to pay $45 million to federal and state agencies after being charged by the Securities and Exchange Commission for failing to register the offer and sale of its retail crypto asset lending...
Arch Launches as the First Platform to Provide Single Loans Against Alternative Assets Helping Investors Disadvantaged by Traditional Lending Services
Backed by Tribe Capital, Castle Island Ventures, Picus Capital, Global Founders Capital, and more, Arch has completed $250,000 in loans pre-launch NEW YORK–(BUSINESS WIRE)–Arch, the first lending plat...
SEC charges over Gemini, Genesis Earn program latest shot at crypto lending
The Securities and Exchange Commission’s recent charge against cryptocurrency exchange Gemini and crypto firm Genesis over a lending product is another warning shot to the industry on yield-bearing ac...
Crypto execs agree lending needs to mature, outgrow its cliquish nature to thrive
Crypto lending needs to diversify if it hopes to thrive, according to panelists speaking at the CFC Conference in St Moritz. The bull cycle of 2021 marked a period of wild exuberance that sent t...
The Absurdity of the ‘Predatory Lending’ Narrative Seen Through the Prism of Retirement
“He who understands it, earns it; he who doesn’t, pays for it.” The previous words are said to be those of Albert Einstein commenting on the genius of “compound interest,” but it’s difficult to find r...
MakerDAO set to implement parameter changes; a look at lending markets
MakerDAO has a new proposal to implement some parameter changes. The protocol has displaced Lido to regain its position as the leading DeFi protocol. In a new proposal, the Open Market Committee of th...
Singapore’s lobbyists oppose proposed blanket ban on lending crypto tokens
A crypto lobbying group based in Singapore has voiced its opposition to the proposal from the central bank to prohibit crypto firms from lending crypto tokens. On Oct. 26, Singapore’s central bank iss...
Blockchain Association of Singapore pushes back on token lending prohibition
The Blockchain Association of Singapore (BAS) opposes “overly restrictive” proposal by Central Bank of Singapore. BAS opposes proposal to ban token lending The Monetary Authority of Singapore (MAS), S...
Blockchain Association of Singapore Disagrees With Ban on Lending Tokens
5 hours ago | 2 mins read Blockchain News The Blockchain Association has spoken out against this idea, calling it “overly restrictive.” Individuals would be unable to get loans to fund the purchase of...