The order reportedly came on the same date with Voyager Digital issuing a notice of default to 3AC for its failure to pay its 15,250 Bitcoin and 350 million USDC…
Continue ReadingSOL’s interim upside target is near $47, up about 20% from its current price. Solana (SOL) continued its recovery trend on June 28 while inching closer to triggering a classic…
Continue ReadingThe Celsium failure continues to draw attention to the lending issues from regulators and community. Due to Celsius Network’s withdrawal suspension in mid-June, the very topic of crypto lending made…
Continue ReadingCelsius CEO Alex Mashinsky wasn’t trying to leave the U.S. last week but has continued to work on recovering liquidity and operations, the company has claimed. Troubled crypto lending firm…
Continue ReadingInterestingly, Ethereum has not reclaimed its all-time high against Bitcoin since June 2017 despite the NFT craze. Ethereum’s native token Ether (ETH) has declined by more than 35% against Bitcoin…
Continue ReadingRestructuring, bankruptcy, buyouts… media outlets are swarming with different reports on the next steps Celsius may take. Crypto lending platform Celsius Network has reportedly onboarded advisers from a management consulting…
Continue ReadingReportedly, ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday. Crypto exchange FTX is reportedly in talks to acquire…
Continue ReadingTraders brace for more bad news after headlines revealed that Voyager Digital had lent $655 million to Three Arrows Capital. Is another crypto market sell-off on the way? The Singapore-based…
Continue ReadingThe CEO of Swan Bitcoin, Cory Klippsten, criticizes Celsius Network and other centralized crypto lending platforms, warning of possible market contagion. Swan Bitcoin CEO Cory Klippsten believes that the liquidity…
Continue ReadingLeading crypto lending firms and hedge funds have run into trouble due to the market turmoil but more so because of their unchecked reckless decision-making process. The crypto market has…
Continue Reading“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms. Crypto lending platform Nexo, says that its strong balance sheet…
Continue ReadingChristine Lagarde introduced a “MiCa II” idea to cover the issues yet untouched by European regulators A week after the major American crypto lending platform Celsius had to freeze the…
Continue ReadingThird-party custodians like Celsius failing is a reminder of one of the most basic principles of crypto; not your keys, not your coins. After one week of pausing user withdrawals,…
Continue ReadingBear markets are much more brutal for crypto lenders than cryptocurrency firms that don’t leverage users’ deposits, according to one Bitcoin analyst. The ongoing bear market on cryptocurrency markets is…
Continue ReadingHong Kong-based asset manager Babel Finance is the latest crypto lending firm to signal the growing crisis of the cryptocurrency lending industry amid the bear market. Hong Kong-based asset manager…
Continue ReadingReports from different media outlets in the last week also suggested the Celsius Network has lost major backers and onboarded new attorneys amid a volatile crypto market. The Texas State…
Continue ReadingNexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations. The price of Nexo (NEXO) continued to fall on June…
Continue ReadingThe IID ordered BlockFi to pay an administrative fine as well as cease and desist “from making any untrue statement of material facts regarding securities.” The Iowa Insurance Division, or…
Continue ReadingETH‘s latest plunge could bring more pain despite expectations that $1,200 should hold. Ethereum‘s native token Ether (ETH) is showing signs of bottoming out as ETH price bounced off a…
Continue ReadingA deep look into Celsius network’s design and the events of recent weeks with its yield-generating strategies that culminated in a halt of bitcoin withdrawals. The below is a free,…
Continue ReadingETH managed a sharp rebound after falling to $950. But the ETH/USD bearish continuation setup could have it revisit it. Ethereum‘s native token Ether (ETH) fell to as low as…
Continue ReadingEther’s price rebounded by nearly 400% after its RSI turned oversold the last time. Will this time be different? Ethereum‘s native token Ether (ETH) entered its “oversold” territory this June…
Continue ReadingLiquid staking firms could default on their Ether obligations if “the Merge” does not happen. The next big crypto crash could be around the corner due to Lido Staked Ether…
Continue ReadingSeveral projects have launched on Optimism this year with the goal of giving users instant transactions and lower gas fees. Unsecured lending protocol TrueFi has become the latest project to…
Continue ReadingSome stablecoins have failed to deliver the dollar’s stability to crypto traders long before TerraUSD’s collapse. The recent collapse of the once third-largest stablecoin, TerraUSD (UST), has raised questions about…
Continue ReadingConflicting Bitcoin derivatives data shows leverage traders bullish, while pro traders fear a deeper correction below $29,000. This week the stock markets began to flash a little green and Bitcoin…
Continue ReadingDecentralized routes of lending and borrowing through smart contracts are allowing DeFi finally to overthrow the traditional finance sector. The world of decentralized finance (DeFi) is gradually expanding to encompass…
Continue ReadingThough the protocol offers an arguably lucrative yield of 4% per year, it’s only available to accredited investors as of now. On Monday, decentralized finance, or DeFi, protocol Compound Treasury…
Continue ReadingSwyftx, one of Australia‘s largest crypto exchanges, has become the first local exchange to offer users zero-fee yields on cryptocurrency deposits. Swyftx exchange will begin offering interest-bearing yields on a…
Continue ReadingThe bull market may be over, but that doesn’t mean traders have to stop investing. Here are a few ways to invest in crypto even during a bear market. For…
Continue ReadingBitcoin as an asset is a perfect form of collateral and will likely be used to provide financial backing for mortgages and other forms of debt. Bitcoin 2022 hosted a…
Continue ReadingOnly “verified accredited investors” in the United States will be able to add coins to their Earn accounts starting on April 15 while users outside the country will be unaffected.…
Continue ReadingThe borrower and the lender are two distinct actors in the crypto lending transaction. Borrowers put up cryptocurrency as collateral to secure a loan from a lender. The COVID-19 pandemic…
Continue ReadingThe virtual currency, which employees have reportedly dubbed ‘Zuck Bucks’, will be aimed at use in the metaverse. Social media giant Facebook’s parent company Meta is reportedly planning to introduce…
Continue ReadingWaves founder Sasha Ivanov says Alameda Research is behind the ongoing WAVES price decline. Neutrino Dollar (USDN), a stablecoin issued through Waves-backed Neutrino protocol, lost its U.S. dollar-peg on April…
Continue ReadingInstead of storing cash under the mattress, Bitcoin users can transfer their funds into stablecoins and lend them out for a high interest rate. Occasionally, you’ll read a news item…
Continue ReadingAAVE price broke from its long-term downtrend after the launch of Aave v3 added support for six different blockchain networks in the DeFi space. The decentralized finance (DeFi) market has…
Continue ReadingNew Jersey’s move is just the latest in a series of orders and complaints against crypto-based interest-bearing account issuers in the United States. The New Jersey Bureau of Securities has…
Continue ReadingTHORChain reveals plans to launch Terra’s UST-like native stablecoin and “Thorfi.” THORChain (RUNE) could continue its upward momentum in the coming weeks even as it treads inside a classic bearish…
Continue ReadingThe company has found a strong niche in the DeFi sector, with projects like Aave and Compound among its biggest clients. Crypto-focused financial modeling platform Gauntlet has achieved unicorn status…
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