The biggest crypto lender in Asia- Matrixport, aims to raise funding of $100 million amidst the recent FTX turmoil. Is crypto lending still popular? When the crypto bear market is at its extreme, and ...
Tag: lending
Matrixport looking to raise $100M amid industry-wide lending crisis
Singapore-based Matrixport is out to raise funds. The firm, which is among the largest crypto-lenders in Asia, is seeking a funding of $100 million amid a brutal market for lenders as the crypto-indus...
Crypto lender Matrixport seeks $100M funding despite lending crisis
Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in the process of raising $100 million in funding despite the ongoing crypto market crisis. Lead investors have already c...
Crypto Lending Platform Matrixport Seeking $100M Fundraise
10 seconds ago | 2 mins read Defi News Financial backers have pledged at least $50 million to the crypto lender. Jihan Wu, a crypto billionaire, established Matrixport Technologies. Matrixport Technol...
Singapore Launches Probe Into Crypto Lending Platform Hodlnaut
32 mins ago | 2 mins read Defi News With the collapse of the Terra ecosystem earlier this year, Hodlnaut allegedly lost $190M. Singaporean authorities have tightened their control over the country’s c...
Genesis’ Lending Arm Halted Withdrawals After Failing To Raise $1B
Exchange News Genesis said the 3AC debt “negatively impacted” the liquidity of its lending arm. The firm said it will have to halt withdrawals from its lending arm on Wednesday. According to a report ...
What the Genesis Loan Suspension Teaches Us About Crypto Lending
Genesis Global Trading, one of the largest crypto lenders and institutions, announced November 16 that they would “temporarily suspend redemptions and new loan originations in the lending busine...
Gemini Dollar Lending Rates Spiked as High as 73% on Aave Amid Genesis Freeze
Gemini Dollar lending rates on decentralized finance (DeFi) lending protocol Aave soared as high as 73% on Wednesday after Gemini announced that withdrawals from its Earn product may be delayed due to...
Gemini Earn Warns Customers of Likely Withdrawal Delays Due to Genesis Lending Pause
Crypto exchange Gemini warned customers today that there may be delays for withdrawals on its Earn product. The delays are due to Genesis Global Capital’s announcement today that it would pause ...
Genesis Suspending Client Withdrawals for Lending Arm Citing ‘FTX Impact’
On Wednesday morning, Genesis announced to clients that it would pause withdrawals from its lending arm, citing “unprecedented market turmoil” due to the now-bankrupt crypto exchange FTX. ...
Binance Unveils New Crypto Miner Lending Pool
Binance – the world’s largest and most powerful digital currency exchange – is pulling back the curtain on a new $500 million crypto mining lending pool so miners and new projects have access to the f...
$2.8B Crypto-Focused Lending Firm Genesis Halts Withdrawals Fearing A FTX-Induced Bank Run ⋆ ZyCrypto
Advertisement     Genesis Global Capital, the crypto lending unit for crypto investment bank Genesis Trading has decided to halt withdrawals in the wake of the FTX col...
Crypto lending unit Genesis is halting customer withdrawals – crypto.news
According to the latest reports, crypto brokerage Genesis suspends redemptions at its lending unit. The organization says that abnormal withdrawal requests cause that halt in the wake of the bankrupt ...
Bitcoin Extends Losses as Genesis’s Lending Arm Halts Withdrawals
Alex Dovbnya Genesis has halted redemptions as well as new loan originations at its lending arm Prominent cryptocurrency firm Genesis has suspended customer withdrawals at its lending arm. Derar Islim...
Crypto Lending Arm of Genesis Suspends Withdrawals
8 hours ago | 2 mins read Defi News Genesis will go into further depth about its strategy with clients next week. Its derivatives division has around $175 million stashed up in its FTX trading account...
Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations – Bitcoin News
Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive of...
Genesis Halts Withdrawals for its Lending Arm Following FTX’s Collapse
Crypto brokerage firm Genesis Global Trading has paused withdrawals for its lending business, which has been impacted by the FTX crisis. The company blamed large withdrawals from customers due to the ...
Genesis Trading’s lending unit halts customer withdrawals
Genesis Global Capital, the lending arm of digital assets platform Genesis Trading, has halted all redemptions as well as loan originations, parent company Digital Currency Group announced on Wednesda...
Crypto Lending Firm SALT Halts Withdrawal Post FTX Crisis
4 hours ago | 2 mins read Defi News SALT said it would honor on-chain deposits in a letter to consumers. The firm suspended withdrawals until further notice. Following the FTX led effect through the c...
Genesis Halts Crypto Lending, Blames ‘FTX Implosion’
The lending division of cryptocurrency asset manager Genesis moved Wednesday morning in New York to put a halt to customer redemptions and new loan originations. The decision stemmed from the building...
FTX was custodian for majority of tokens on DeFi lending platform Oxygen
DeFi prime brokerage Oxygen said FTX acted as the custodian for the majority of the tokens on its ecosystems, adding that it has sought legal help. “Whilst FTX Group did not hold any equit...
Online Investing Platform BnkToTheFuture Drops Plan to Acquire Crypto Lender Salt Lending Due to FTX Exposure
“Bnk To The Future announces that its previously announced non-binding letter of intent with SALT Blockchain, Inc. (SALT) has terminated due to SALT’s position with FTX and for failing Bnk To Th...
2 More Crypto Platforms Pause Withdrawals as Liquid Global and Salt Lending Cite Exposure to FTX – Bitcoin News
On Nov. 15, 2022, the crypto exchange Liquid Global revealed that it has suspended fiat and crypto withdrawals “until further notice.” The same day, customers leveraging the crypto lending platform Sa...
A New Dawn of Blockchain Lending with Nolus
DeFi has made significant progress towards being a blockchain-based tech offering a system of financial rails parallel to traditional financial infrastructure. To scale up the digital innovation ecosy...
California Finance Regulator Revokes BlockFi’s Lending License
“BlockFi’s announcement, made on November 10, 2022, from its Twitter account @BlockFi, acknowledged that it cannot ‘operate business as usual’ given the ‘lack of clarity on the...
FTX Potential Fall May Send a Blow to Crypto Lending Firm Hodlnaut
Hodlnaut is similar to crypto lenders Celsius, Three Arrow and Voyager Digital. Hodlnaut, a crypto lender based in Singapore, suffered another setback on its way to recovery when it emerged that it h...
Justin Sun Moved $6M Stablecoins From TrueFi Lending Pools Before FTX-Alameda Bankruptcy
Justin Sun, founder of the Tron network and a one-time, potential savior of the insolvent crypto exchange FTX, moved $6.1 million in stablecoins from decentralized lending protocol TrueFi, which is am...
California moves to suspend BlockFi’s lending license in state
California’s Department of Financial Protection and Innovation issued a notice to suspend crypto lender BlockFi’s license in the state for 30 days pending an investigation into the company...
Crypto Lending Platform BlockFi Announces Withdrawal Freeze, Blames ‘Lack of Clarity’ at FTX and Alameda Research
In the latest sign of fallout from the collapse of the digital asset exchange FTX, crypto lending platform BlockFi now says it has stopped allowing its customers to withdraw funds. The company just po...
Maple Finance Lending Pool Delegate ‘Identified a Number of Key Weaknesses’ Tied to FTX’s Alameda Research – Bitcoin News
According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthog...
Friktion offers under-collateralized crypto lending for institutional clients
Friktion, a Solana-based portfolio management platform, debuted a crypto lending product for institutional clients who are in the market for access to higher yields in the DeFi space. The compan...
5 Facts About Cryptocurrency Lending Worth Knowing
Become informed about important facts regarding cryptocurrency lending including the types of crypto-loans and the risks involved. Cryptocurrency Lending Facts You Should Be Aware Of The cryptocurrenc...