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PortuguêsFTX 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. Trading platform INX…
Continue ReadingWinklevoss’ Gemini exchange received the latest regulatory approvals days before its lending product Gemini Earn faced major issues. Winklevoss brothers’ cryptocurrency exchange Gemini continues expanding in Europe, announcing new regulatory…
Continue ReadingBitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise. Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in…
Continue ReadingHodlnaut reportedly lied about its exposure to the now-defunct Terra algorithmic stablecoin and lost nearly $190 million. Singapore-based crypto lender Hodlnaut is reportedly facing a police probe over alleged offenses…
Continue ReadingThe firm pushed Maple Finance to halt Alameda’s dedicated borrower pool earlier this year. Orthogonal Credit, an arm of the digital asset hedge fund Orthogonal Trading, disclosed on Nov. 9…
Continue ReadingCrypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested. The Monetary Authority of Singapore (MAS) is introducing proposals…
Continue ReadingCompound users can no longer use YFI, ZRX, BAT and MKR tokens as collateral for loans. Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral…
Continue ReadingCEO Stephen Ehrlich and financial head Evan Psaropolous will keep their jobs even though they okayed a huge loan to Three Arrows Capital without sufficient due diligence. Voyager Digital has…
Continue ReadingJudge Martin Glenn says U.K. legal principles may be “persuasive” in the absence of U.S. legal precedents in the complex case of the crypto lending platform’s bankruptcy. The lack of…
Continue ReadingCryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled…
Continue ReadingThe Texas state authorities, SSB and DOB, argued that Voyager fails to explain the methodology used to calculate the average coin prices, among others. The Texas State Securities Board (SSB)…
Continue ReadingThe anonymous creator, 0xngmi, has developed a new protocol allowing users to become liquidity providers for their nonfungible token collections. According to a recent Twitter post by 0xngmi, the anonymous…
Continue ReadingCryptocurrency scam sites are being targeted by other scammers to hijack their traffic and their possible earnings. A recently detected threat actor, named Water Labbu, is manipulating the users that…
Continue ReadingFTX has bid $1.4 billion for Voyager Digital’s assets, looking to provide users a way out if they move to its platform, but there are risks. In September, cryptocurrency exchange…
Continue ReadingAcquiring the assets of Celsius would imply FTX’s intent to save the lending firm, similar to what FTX US did for Voyager by securing the winning bid of approximately $1.4…
Continue Reading“I am very sorry about the difficult financial circumstances members of our community are facing,” writes Mashinsky. According to a new press release published on Tuesday, Alex Mashinsky, CEO of…
Continue ReadingBy acquiring a stake in the holding company that owns Summit National Bank, Nexo plans to expand its financial product offerings in the United States. Digital asset lending platform Nexo…
Continue ReadingDecentralized identity services could play a vital role in promoting Web3 payments in emerging markets like Africa. This week’s Crypto Biz has the latest. If you’ve spent any time reading…
Continue ReadingThe trading company will pay back the debt, which has fallen almost twice in dollar estimate, by the end of September. Quantitative trading company Alameda Research will return an estimate…
Continue ReadingThe crypto lending firm intends to get the liquidity and support its operations with the funds from the sell-off. Celsius Networks, a crypto lending company that had frozen the withdrawals…
Continue ReadingThe Securities and Exchange Commission of Thailand is preparing to take radical measures in the aftermath of the summer’s crypto lending platforms’ crashes. The Securities and Exchange Commission (SEC) of…
Continue ReadingIn its latest seed funding Infinity Exchange investors allied behind the need for an increase in more secure institutional investment. Infinity Exchange, a new platform providing institutional grade capital efficiency…
Continue ReadingBitcoin’s attributes will lead to its inevitable usage as collateral for lending, mainly due to its superiority over real estate’s properties. This is an opinion editorial by Leon Wankum, one…
Continue ReadingAlex Mashinsky reportedly made the announcement at a Sept. 8 meeting, at which Celsius discussed possible scenarios for its future after filing for bankruptcy in July. Crypto lending platform Celsius,…
Continue ReadingThe centralized crypto lender rejected an had offer from FTX after it filed for Chapter 11 bankruptcy reorganization in July after 3AC defaulted on a loan and its debts topped…
Continue ReadingSALT is one of the first crypto lending platforms to offer dollar-denominated loans collateralized by Bitcoin and Ether. Crypto lending platform SALT has received a buyout offer from a prominent…
Continue ReadingThe CEL price rally could fizzle out due to prevailing Celsius issues, including its bankruptcy. The price of CEL soared by nearly 50% as traders assessed its parent firm Celsius…
Continue ReadingADA prints modest upside moves that may run out of steam due to weak technicals and macro factors. ThCardano (ADA) market has witnessed back-to-back pieces of good news since Aug.…
Continue ReadingInfinity Exchange CEO Kevin Lepsoe says if DeFi wants more institutional adoption in crypto, it must first nail the fixed income markets. The decentralized finance (DeFi) ecosystem scored another win…
Continue ReadingSuspension of withdrawals on Celsius custody contradicts the plain language of the firm’s terms of use, a group of disgruntled creditors argued. The bankrupt cryptocurrency lender Celsius is facing more…
Continue ReadingThe Bitcoin lender has sought advice from Citigroup on how to acquire distressed crypto firms amid the bear market. Crypto lending platform Nexo has increased the size of its buyback…
Continue ReadingHodlnaut froze withdrawals and all other services on its platform on Aug. 8, citing a liquidity crisis and turbulent market conditions. Singapore-based crypto lending firm Hodlnaut was placed under interim…
Continue ReadingAn ongoing debt crisis at lending platform BendDAO is also increasing the risks of the NFT bubble going bust. OpenSea, the world’s largest nonfungible token (NFT) marketplace, has witnessed a…
Continue ReadingMajority of the DeFi tokens in the top-100 had a mixed week as several tokens traded in red while a few others managed to make double-digit gains. Welcome to Finance…
Continue ReadingCelsius Network’s bankruptcy proceedings have highlighted that the firm has misrepresented many of its assets with deep complexities in its operations. The Celsius Network is one of many crypto lending…
Continue ReadingThe updated guidelines seek to clarify the terms of crypto assets lending and specify the status of CBDCs. A joint committee of the United States’s Uniform Law Commission (ULC) and…
Continue ReadingCrypto lender Celsius has gone on the offensive against former staking and DeFi strategy associate KeyFi and its CEO, which had sued it a week before it went bankrupt. Bankrupt…
Continue Reading“Prime Trust was obligated under the Bankruptcy Code to deliver all property belonging to Celsius […] including these remaining crypto assets,” said Celsius’ legal team. Crypto lending platform Celsius Network…
Continue ReadingThere are signs of further turbulence ahead. The absence of a BTC futures premium, $470 million in liquidations and excessive stablecoin lending all point toward new yearly lows. On Friday,…
Continue ReadingMajority of the DeFi tokens traded in red with several registering double digit losses over the past week. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi)…
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