5 / 6 Relevant items tagged with #Lending

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Hodlnaut founders propose selling the firm instead of liquidation

[Mar 1, 2023 5:11 AM] Despite Hodlnaut creditors insisting on the firm’s liquidation, the founders keep trying to save the business and sell it to potential investors.

DeFi ‘fragility’ causes and cures explored in highly technical Bank of Canada study

[Feb 24, 2023 2:15 PM] Researchers affiliated with Canada’s central bank identified weak points in DeFi lending protocols and reported on the potential they saw for mitigating them.

Platypus to work on compensation plan after $8.5M attack

[Feb 18, 2023 2:31 PM] According to the DeFi protocol, different parties, including legal enforcement officials, are currently involved in the funds’ recovery process.

MakerDAO voting on $100M loan participation with Florida commercial bank

[Feb 17, 2023 3:50 PM] Florida's Cogent Bank is proposing a $100 million participation in loans to MakerDAO's RWA Master Participation Trust.

Crypto lender SALT makes comeback with $64.4 million funding

[Feb 9, 2023 12:19 AM] The crypto lender froze withdrawals in mid November. It will resume operations in Q1 2023 buoyed by a Series A recapitalization.

Hodlnaut works with potential buyers to sell firm and FTX claims: Report

[Feb 6, 2023 3:54 AM] Hodlnaut’s court-appointed judicial managers are reportedly in the process of signing non-disclosure agreements with the potential buyers.

Genesis unsecured creditors' committee appointed

[Feb 4, 2023 1:20 PM] The seven-member committee will represent the creditors in court, having the right to participate in the reorganization plan.

Solana DeFi protocol Everlend shuts down over liquidity issues

[Feb 2, 2023 10:30 AM] With FTX's ripple effect on market liquidity, Everlend is closing its doors and urging clients to withdraw funds.

U.K. Details Plan To Regulate Bitcoin, Cryptocurrency Industry

[Feb 1, 2023 12:26 PM] The United Kingdom has released its first consultation on crypto trading and lending regulation within the country.The United Kingdom has released its plans to regulate the cryptocurrency industry within the country.The announcement highlights that…

Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius

[Jan 31, 2023 2:00 PM] The court-appointed examiner found many intentional and unintentional shortcomings at the bankrupt crypto lender dating back to its founding.

New York financial regulator investigates Gemini over FDIC claims: Report

[Jan 30, 2023 2:00 PM] Many Gemini Earn users reportedly claimed assets in their accounts had been protected by the Federal Deposit Insurance Corporation.

Aave deploys V3 on Ethereum after 10 months of testing on other networks

[Jan 27, 2023 3:18 PM] The new version includes features that developers believe will increase capital efficiency and lower gas fees

Solana DeFi project Friktion shuts down its user platform

[Jan 27, 2023 12:30 PM] Friktion is urging its customers to withdraw assets from the protocol as the front-end shuts down.

New 'Celsius token' may be used to repay creditors: report

[Jan 24, 2023 3:30 PM] It was suggested that the token could be part of a reorganization that would turn it into a publicly traded, U.S. regulated company.

Genesis bankruptcy case scheduled for first hearing

[Jan 22, 2023 2:03 PM] The first hearing in Genesis Capital’s bankruptcy case will be held on January 23, according to court filings.

Crypto Lender Genesis Files For Chapter 11 Bankruptcy

[Jan 20, 2023 2:03 PM] The embattled crypto lender has filed a slew of voluntary bankruptcy notices in order to restructure itself.Genesis’s two lending subsidiaries, Genesis Global Capital and Genesis Asia Pacific, have filed for Chapter 11 bankruptcy. According to the…

Defi Lending Sector Experiences Major Shake-Up: 71% of Total Value Locked Evaporates in 12 Months

[Jan 17, 2023 12:30 PM] Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit…

Troubled crypto lender Vauld gets extended creditor protection

[Jan 17, 2023 3:52 AM] The company claims that the negotiations with potential crisis managers entered the “advanced stage.”

Nexo sues Cayman Islands financial regulator over VASP license

[Jan 16, 2023 1:15 PM] The crypto lender claimed that the Cayman Islands Monetary Authority had placed “too much weight” on regulators' enforcement actions in its decision to deny registration.

Hodlnaut creditors reject the restructuring plan, prefer liquidation

[Jan 13, 2023 5:08 AM] Hodlnaut downplayed its exposure to the Terra ecosystem, but an investigation into the embattled crypto lender shows it lost $190 million in the Terra crash.

Bitcoin Can Be Super Collateral If Lenders Understand Its Value

[Jan 9, 2023 7:00 PM] The frequent implosion of crypto lending platforms is rooted in their mismanagement and failure to respect bitcoin’s true value.This is an opinion editorial by Max Keidun, the CEO of peer-to-peer bitcoin exchange Hodl Hodl.The bitcoin lending space…

BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11

[Jan 9, 2023 2:45 PM] The company claimed that no members of the BlockFi management team had withdrawn any crypto from the platform since October 2022.

Crypto lender Genesis lays off 30% more staff: Report

[Jan 5, 2023 2:32 PM] Genesis announced in August that it planned to cut its then 260-person workforce by 20%, with CEO Michael Moro moving into an advisory role.

Crypto Contagion Lesson For Lenders: Stay Out Of Bitcoin Mining

[Jan 3, 2023 7:00 PM] The collapse of two giant crypto lending businesses that also mined bitcoin yields a few interesting lessons.“Contagion” is the most popular word in crypto after the disastrous fallout of the past year. And dominos keep falling as investors…

Gemini’s Cameron Winklevoss Insists Digital Currency Group Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert

[Jan 3, 2023 9:30 AM] Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47 days since withdrawals from Genesis had been halted. In…

Bringing community-based solutions to crypto lending can solve trust issues

[Dec 20, 2022 5:00 AM] The crypto lending space is plagued with trust and security concerns, but crypto lending platform BNPL Pay offers an innovative community-based lending solution.

Nexo leaving US, says country lacks clear regulations

[Dec 5, 2022 3:00 PM] The crypto lending platform says it will no longer accept new registrations, and operations for existing customers will eventually be wound down.

INX submits bid for Voyager Digital's assets

[Nov 30, 2022 11:33 AM] FTX US won a $1.4-billion bid to purchase Voyager’s assets in September, but with the firm filing for bankruptcy, the funds were once again up for grabs.

Gemini gets regulatory greenlight in Italy, Greece amid lending halt

[Nov 30, 2022 6:06 AM] Winklevoss’ Gemini exchange received the latest regulatory approvals days before its lending product Gemini Earn faced major issues.

Crypto lender Matrixport seeks $100M funding despite lending crisis

[Nov 25, 2022 4:31 AM] Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise.