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Safe’s Safenet wants to bring Visa-like payments network to crypto

[Dec 4 5:57 AM] Safenet aims to be a layer connecting existing blockchains and allowing users to interact with any chain through a single account.

California revokes BlockFi’s lending license 2 years after bankruptcy

[Nov 8 10:01 AM] Bankrupt and now defunct BlockFi has entered into a settlement agreeing to the license revocation and to cease unsafe practices.

Crypto for Advisors: The Growth of Bitcoin as Collateral

[Sep 26 3:00 PM] As traditional investment products face declining yields, savvy asset managers must consider emerging opportunities within the cryptocurrency space to meet growing client demand.

SEC Charges Abra With Unregistered Sales of Crypto Asset Securities

[Aug 26 7:16 PM] The U.S. Securities and Exchange Commission (SEC) has filed settled charges against Plutus Lending LLC, operating as Abra, for failing to register the offers and sales of its crypto asset lending product, Abra Earn. The SEC also accused Abra of…

Ledn secures industry-first $50M Bitcoin-backed syndicated loan

[Aug 20 1:00 PM] Ledn’s groundbreaking $50 million Bitcoin-backed loan, syndicated by Sygnum, is set to transform retail lending and institutional crypto finance.

Crypto for Advisors: Bitcoin and Lending

[Aug 8 3:00 PM] Bitcoin’s emergence in collateral structures has the potential to revolutionize the lending landscape. Its ability to mitigate credit risk amid escalating uncertainties highlights its transformative power.

Crypto Lender Ledn Handed Out $1.16B Worth of Loans in First Half of 2024

[Aug 1 1:00 PM] The platform witnessed a 29.8% jump in retail lending between the first and second quarters.

Wall Street's Cantor Fitzgerald to Open Bitcoin Financing, Lending Business

[Jul 27 10:06 AM]

New York Recovers $50 Million From Gemini — Bans the Exchange From Crypto Lending in the State

[Jun 15 10:21 AM] New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were…

Crypto Lender Nexo Submits $3 Billion Damages Claim Against Bulgaria

[Jan 25 11:30 PM] The cryptocurrency lending platform Nexo has submitted a $3 billion arbitration claim against the Republic of Bulgaria, following a raid on its office in 2023 and a subsequent probe by the Bulgarian Prosecutor General’s Office. Nexo alleges that…

Stablecoins Can Help Fix the Current Lending Market

[Jan 3 10:45 AM] The Global Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kincaid, of Cicada Partners.

7 Predictions About the Crypto Lending Landscape in 2024

[Dec 19, 2023 2:17 PM]

Swiss Bank Offers Clients Crypto Lending Product

[Oct 17, 2023 9:00 PM] Swiss online bank Dukascopy has introduced a new lending product that enables customers to borrow against their cryptocurrency. The solution allows users to receive 50% of the value of their digital assets in fiat currency while retaining their…

Tether Calls Out WSJ ‘Tabloid Style’ Reporting, States Outlet ‘Disregarded’ Reporting Banking Industry Woes

[Sep 22, 2023 1:30 PM] Tether, the company behind the issuance of USDT, the largest stablecoin in the crypto market, has called out the latest report of the Wall Street Journal (WSJ) on the rise of its loan portfolio. The company stated that traditional banking…

Crypto Lenders Caused Crypto Contagion Last Year. How Is the Industry Rebuilding?

[Sep 6, 2023 11:33 AM] After bankruptcies tore apart the crypto lending, the industry is attempting to rebuild in a sustainable and accountable manner.

Coinbase Exchange Tells Borrowers That They Have Four Months To Pay Back

[Jul 21, 2023 10:30 AM] Coinbase, America’s largest crypto exchange, is winding down its Borrow program and has given borrowers four months to repay their loans.  Coinbase To Shut Down Borrow Program The Coinbase Borrow program allowed eligible Coinbase customers in…

Solana-Based Crypto Lending Platform Jet Pivots to Fixed-Rate Term Lending

[Jun 22, 2023 12:50 PM] The project's new model uses an order book to match borrowers and lenders, relying on a market-based mechanism to set interest rates.

Rehypothecation May Be Common in Traditional Finance, but It Will Never Work With Bitcoin

[May 10, 2023 1:26 PM] Applying rehypothecation onto bitcoin or crypto ignores the fundamental essence of these assets arising from a core bitcoin innovation, Christopher Calicott writes.

Belgian Crypto Lender Bit4You Suspends Activities After Service Provider Declared Insolvent

[Apr 27, 2023 10:25 AM] Bit4You learnt of CoinLoan's insolvency on April 24 and that it no longer has the necessary registration as a digital asset custodian.

Credit Agency Giant TransUnion Will Deliver Credit Scores for Crypto Lending

[Apr 20, 2023 6:00 AM] TransUnion, one of the largest credit agencies in the U.S., will provide off-chain credit scores for blockchain-based loan applications in a way that maintains the privacy of consumers.

M11 Credit Resumes Crypto Lending on Maple Finance After FTX-Spurred Pause

[Apr 5, 2023 1:10 PM] The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.

Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis

[Jan 18, 2023 2:30 PM] According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Securities and Exchange Commission…

BlockFi sues FTX's Bankman-Fried over shares in Robinhood

[Nov 28, 2022 6:27 PM] BlockFi is demanding Bankman-Fried’s investment company turn over its shares in Robinhood as collateral it agreed to pay as part of a pledge agreement.