Alex Dovbnya Genesis, a leading digital asset management company, has issued a letter from its interim CEO Derar Islim regarding the issues faced by its lending arm Genesis, a subsidiary of the Digita...
Tag: lending
Crypto lender Genesis says it needs more time to figure out lending crisis solution
Crypto lender Genesis told clients on Wednesday that it’s continuing to work toward finding a solution for its troubled borrowing and lending unit but that it will need more time to do so. ...
SushiSwap Discontinues Lending Protocol and Token Launchpad
3 hours ago | 2 mins read Defi News CTO Matthew Lilley tweeted that Kashi had a lot of design issues. Lilley stated that the “breadwinner” of the organization is the exchange side. SushiSwap, a decent...
SushiSwap abandons launchpad and lending protocol as financial struggles surface
Ethereum-based DeFi platform Sushiswap has announced the plan to axe their token launchpad and lending protocol from their service offering. The Sushiswap group has been facing severe financial proble...
SushiSwap to Shut Lending Protocol Kashi And Token Launchpad Miso
DeFi protocol SushiSwap has announced it would be shutting down its lending protocol, Kashi, and its token launchpad, Miso. The company stated that it had come to its decision due to a number of reas...
SushiSwap Axes Lending Protocol and Token Launchpad
Ethereum-based decentralized finance (DeFi) protocol SushiSwap has made the decision to shut down Kashi, its lending protocol, and Miso, its token launchpad. Founded in 2020, SushiSwap allows customer...
From FTX to the Merge, 2022’s defining moments
2022 was defining for crypto, albeit not in a good way. Greed and exuberance took hold only to unravel in spectacular fashion. The year started with attention on the timing of The Merge, which b...
Crypto Lending Firm Genesis Global Halts Redemptions
Genesis Global Capital – a crypto lending company – has suspended all redemptions and related activity as it’s now one of the latest firms to be feeling the heat and buzz caused by the collapse of FTX...
Bringing community-based solutions to crypto lending can solve trust issues
A type of decentralized finance (DeFi) that allows investors to lend their crypto tokens in return for regular interest payments, the crypto lending space comprises both centralized and decentralized ...
The Digital Asset Lending Landscape
This report takes stock of the market structure and landscape of digital asset lending. It also gives insights into the state and outlook for its regulation. Section 1 provides an overview on th...
Finterest Raises $1.5 Million Seed Round to Build Crypto Lending Protocol
Investors Include Polychain and 9Yards Capital to Support Finterest’s Mission of Bringing Transparency to the Blockchain UNION CITY, Calif.–(BUSINESS WIRE)–Finterest, the first crypto lending protocol...
Maple Finance Debt Indicates Crypto Lending Risks
The emergence of Maple Finance brought a different approach to the entire process. This bold DeFi lending protocol requires no deposit of extra crypto tokens as collateral for borrowing. In the decent...
Middle East Digital Lending Summit 2022 to support Digital Lending Credit Wave
The recently concluded inaugural edition of the Middle East Digital Lending Summit last December 6, 2022, at Pullman Dubai Creek City Centre, Dubai, United Arab Emirates, promised to open a potential ...
Leading crypto trading and lending firm ends Chelsea sponsorship
Amber Group has terminated a sponsorship deal with Chelsea football club and has also cut its workforce again in order to survive the crypto winter. Amber Group, one of the leading trading and lending...
Crypto Lending Platform Nexo Introduces Ethereum Smart Staking
5 hours ago | 2 mins read Defi News Nexo’s Ethereum Smart Staking allows users to convert ETH for Nexo Staked ETH. It offers staking incentives of between 4% and 12% APY, paid out in NETH. Following t...
Price Controls in Illinois Speak to The Limits of the Fed’s Rate Machinations
On March 23, 2021 Illinois legislators imposed an interest rate ceiling of 36 percent on all non-bank and non-credit union loans under $40,000. The stated intent was to reduce the burdensome cost of i...
Crypto Lending Giant Nexo To Suspend U.S. Operations
On Dec 5, crypto lender Nexo announced that it would discontinue operations in the United States within the next few months. The company specifically mentioned that it would immediately cut off access...
Orthogonal Trading defaults on $36 million of loans on Maple Finance
Orthogonal Trading has defaulted on $36 million of loans on crypto lending protocol Maple Finance after the investing firm’s funds became tied up on bankrupt exchange FTX. The default at...
Cronos-Based Algorithmic Lending Protocol Rug Pulls $600K From Users
CroLend, presenting itself as an algorithmic, autonomous lending protocol built on top of the Cronos network, has deleted all social media pages, the website doesn’t work, and its TVL has been drained...
Gemini gets governing approval in Italy and Greece in between the lending suspension
Gemini, a crypto exchange founded by the Winklevoss brothers carries on to develop in Europe, publicizing new regulatory acceptance in Italy and Greece. Gemini has been listed as a digital currency o...
Gemini exchange gets regulatory approval in Italy and Greece amidst lending halt
Gemini continues its expansion in Europe, announcing new regulatory approvals in Italy and Greece. Gemini infiltrates the Italian and Greek market The Italian and Greek regulators have approved Gemini...
Gemini exchange approved in Italy and Greece despite lending troubles
Gillian Lynch, head of Gemini exchange Ireland and EU, has announced regulatory approvals to operate in Italy and Greece. The news is a relief at a time when the FTX contagion is spreading through the...
Gemini gets regulatory greenlight in Italy, Greece amid lending halt
Winklevoss brothers’ cryptocurrency exchange Gemini continues expanding in Europe, announcing new regulatory approvals in Italy and Greece. Gemini has registered as a virtual currency operator with It...
Kaiko launches market data product tracking Aave, Compound and MakerDAO: Exclusive
Crypto data firm Kaiko announced the launch of a product tracking market data for DeFi lending and borrowing protocols on Ethereum. The Paris-based firm’s new data product will track Aave,...
Compound Finance to impose lending caps in light of failed Aave exploit
Users of decentralized finance lending platform Compound Finance have passed a proposal to restrict the maximum borrowing of 10 tokens on the protocol. The proposal put forth by financial modeling fir...
Crypto Lending Platform BlockFi Files For Chapter 11 Bankruptcy
11 seconds ago | 2 mins read Defi News Several layoffs and withdrawal halt were witnessed on a regular basis post-FTX crash. More than 100,000 people are listed as creditors in the bankruptcy petition...
Aave Freezes Multiple Lending Markets Citing Volatility Concerns
The decentralized lending protocol AAVE has temporarily disabled its lending markets for multiple Ethereum-based tokens facing excess volatility and low liquidity. The 17 frozen assets include various...
Crypto Lending Firm BlockFi Files for Chapter 11 Bankruptcy, Citing FTX Collapse
Crypto lending platform BlockFi is officially filing for bankruptcy after weeks of rumors surrounding the firm’s connections to FTX. Today, BlockFi announced its voluntary Chapter 11 filing, naming th...
Aave temporarily freezes lending markets to fend off further attacks
The lending markets were frozen right after its governance members passed a vote that aims to temporarily freeze assets considered to be volatile and have low liquidity. The assets included in the lis...
Aave pauses lending markets for 17 Ethereum-based tokens
Decentralized lending protocol Aave has temporarily frozen lending markets for 17 tokens in an effort to protect itself from taking on bad debt due to future market manipulation attacks. Aave i...
Crypto Lending Platform Freeway Halts Customer Withdrawals
It’s happened again, folks. Another digital currency exchange has decided to halt all withdrawals, thus preventing its customers from gaining access to their assets. This time around, the company in q...