Search Results for "lend"
BnkToTheFuture Taking Steps to Acquire Crypto Lender Salt Lending
BnkToTheFuture explores a potential plan to acquire Salt Lending to expand its presence in the US.
Crypto Lender Celsius Raises $400M as Investors Shun Regulatory Crackdowns
Kentucky-based digital asset lending platform Celsius Network has announced its latest $400 million fundraisers as led by WestCap and CDPQ.
NFT Lending Protocol Bend DAO Proposes New Measures against Bankruptcy Crisis
Subject to the bankruptcy crisis caused by depleted Ethereum reserves, NFT lending protocol Bend DAO has proposed new emergency measures pending a governance vote.
FDIC Requires Potential Buyers of Failed U.S. Banks to Give Up Crypto Services
The FDIC has asked banks interested in acquiring failed U.S. lenders, Silicon Valley Bank and Signature Bank, to submit bids by March 17. The authority will only accept bids from banks with an existing bank charter, prioritizing traditional lenders over private equity firms. The FDIC has also required any buyer of Signature to agree to give up all cryptocurrency business at the bank. This news comes amid concerns expressed by U.S. Representative Tom Emmer that the federal government is “weaponizing” issues around the banking industry to go after crypto.
Astaria Raises $8m in Seed Round to Improve NFT Lending Liquidity
While NFT lending has become a popular way of accessing more cash, most NFTs are illiquid. This is the problem that Astaria is trying to solve.
Haru Invest Executives Arrested in $826 Million Crypto Embezzlement Case
South Korean prosecutors have detained three Haru Invest executives for allegedly embezzling $826 million worth of cryptocurrencies from 16,000 users, highlighting regulatory scrutiny over crypto lending practices.
The new procedures included the requirement that all future code changes be approved by the DAO
"Aave V3" was launched in March 2022 and deployed on numerous EVM-compatible blockchains soon after. V3 helps consumers save money and enhance capital efficiency. It permits riskier collateral.
New York State Watchdog Orders Two Crypto Firms to Close Operations, Launching Further Investigations
The Office of the New York Attorney General (NYAG) has directed two unnamed crypto lending firms to halt their operations in the state, indicating these firms are involving ineffective registration.
Delphi Digital Spearheads zkLend for $5m in Seed Funding
zkLend, a Layer-2 money-market protocol built on StarkNet has raised the sum of $5 million in seed funding from investors led by Delphi Digital.
Aave Makes History as Core Developers Transfer Governance to Token Holders
DeFi project Aave, has transferred the protocol’s governance rights over to its token holders, allowing the community to control the future of the network.
BlockFi Petitions To Restore Wallet Users' Frozen Crypto
On November 11, BlockFi banned withdrawals and asked customers not to deposit to wallets or Interest Accounts due to FTX uncertainty. The lending platform intends to seek similar remedies from the Supreme Court of Bermuda. Jan 9 is the hearing date for the motion's approval.
Linus Financial Settles SEC Charges Over Unregistered Crypto Lending Product
The SEC has settled charges against Linus Financial for failing to register its Linus Interest Accounts, a crypto lending product. The SEC deemed the accounts securities and made registration mandatory. Linus voluntarily stopped offering the accounts to new investors and requested fund retrieval.