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Gemini Challenges SEC Lawsuit on Lending Program, Pushes for Oral Hearing
21.8.2023
Lawyers for cryptocurrency exchange Gemini have filed a motion seeking to dismiss a lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC) over its Gemini Earn lending program. In the motion, Gemini argues the SEC has failed to plausibly allege that any securities laws were...
Stanford School Newspaper Highlights the Irony of Sam Bankman-Fried’s Scheduled Stanford Talk on Ethics Amidst Legal Chaos
15.8.2023
Sam Bankman-Fried (SBF), a once towering figure in the crypto world and former FTX CEO, was curiously slated to share his insights on tech ethics with Stanford students this winter. In a thorough examination penned by Theo Baker for the Stanford Daily, the details of SBF’s multifaceted...
Biggest Movers: SHIB 5% Higher as Meme Coin Nears Key Resistance Level
4.8.2023
Shiba inu was one of Friday’s biggest movers, as markets reacted to the news that Binance had approved the meme coin as a collateralized asset. The cryptocurrency exchange confirmed that it was adding 22 new loanable and collateral assets to its Flexible and VIP Loan services. Solana was another...
Defi Education Fund Submits FOIA Request for SEC’s Docs
4.8.2023
The Defi Education Fund, an organization dedicated to expanding the decentralized finance environment, has submitted a Freedom of Information Act (FOIA) request to the U.S. Securities and Exchange Commission (SEC). The documents requested are linked to the SEC’s non-answer to whether...
Abracadabra's Bold Move: 200% Interest Proposed on $18 Million Loan to Curve Founder Amidst Bad Debt Concerns
3.8.2023
Abracadabra Finance has put forth a proposal aimed to adjust interest rates to mitigate the risk of bad debt resulting from an $18 million loan to Curve Finance founder Michael Egarov.
The proposal suggests hiking interest rates on the loan to 200% on two specific pools known as "cauldrons,"...
DeFi Protocol Abracadabra Wants to Charge 200% Interest on Curve Founder’s $18M Loan
2.8.2023
All proceeds from such a strategy will be kept in Abracadabra’s treasury and be used to reduce the DAO risk associated with the liquidity conditions associated with CRV
Abracadabra proposes hiking loan interest rate by 200% to manage Curve risk
2.8.2023
The Curve Finance exploit has created a liquidity crisis in the DeFi ecosystem and many lending protocols are rushing to minimize their exposure
Curve founder looks to unexpected counterparties to rescue sinking DeFi loans
2.8.2023
Michael Egorov is attempting to pay off his mountain of DeFi debts by selling CRV at a discount
DeFi Project Atlendis Secures $1 Million Loan from French National Bank BPI and Demonstrates Compliance with PSAN License
26.7.2023
French DeFi project Atlendis hit two major milestones as it secured a €1 million loan ($1,108,055.00) from the French public investment bank along with obtaining a crypto services provider license.
Atlantis obtained PSAN, committing to complying with France’s crypto regulations and aligning with...
MakerDAO Votes to Halt Lending to Tokenized Credit Pool After $2M Loan Default
20.7.2023
The embattled Harbour Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt
Fractionalized NFT Project Particle Sends Banksy Artwork on Loan to Global Museums
14.7.2023
Digital art platform Particle will loan its fractionalized Banksy painting to major museums across the world.
"Exciting news! Banksy's iconic "Love Is In The Air", generously loaned by Particle co-owners, begins its Europe tour," Particle Collection shared on Twitter.
The tour will start in...
DeFi borrower uses luxury watch-backed NFT as collateral for a loan
11.7.2023
While some praised the move, others believe that it’s centralized and is adding NFTs where it’s not necessary
Coinbase CLO Paul Grewal: SEC’s Interpretation of ‘Investment Contract’ Violates Law
6.7.2023
Paul Grewal, CLO of Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has accused the U.S. Securities and Exchange Commission (SEC) of violating the law by assessing what constitutes an investment contract. Grewal’s reasoning comes from the Supreme Court of the United...
Redditor up 25% after boldly taking out $59K worth of personal loans to buy BTC
1.7.2023
So far they have accrued 2.65 BTC at an average price well under the current level of around $30,000 for 1 BTC
Coinbase Offers $50 Million Loan to Crypto Miner Hut 8 in Preparations for 2024 'Halving'
27.6.2023
Coinbase has offered to lend $50 million to Hut 8, one of the world’s largest publicly traded Bitcoin (BTC) mining firms, the latter firm said in a press release....
Read More: Coinbase Offers $50 Million Loan to Crypto Miner Hut 8 in Preparations for 2024 'Halving'
Tokenized FTX claim is used as collateral for a loan
24.6.2023
A creditor of now-bankrupted crypto exchange FTX pledged a $31,307 claim as collateral for a DeFi loan
Sturdy Finance Falls Victim to Exploit, Losing 442 ETH in Latest Defi Hack
12.6.2023
Decentralized finance (defi) platform Sturdy Finance was exploited on Sunday evening, losing 442 ether to an attacker. The team behind the project stated that it is aware of the reported exploit and paused markets at 10:19 p.m. ET. 442 Ethereum Worth Over $766K Siphoned From Sturdy Protocol...
Curve Finance Founder Deposits $24M CRV into Aave to Safeguard $65M Stablecoin Loan
12.6.2023
Curve Finance founder Michael Egorov has deposited $24 million worth of Curve DAO (CRV) tokens to decentralized lending platform Aave to mitigate against liquidation risk on a $65 million stablecoin loan
Jimbos Protocol to Work With U.S. Homeland Security to Help Recover $7.5M From Flash Loan Exploit
31.5.2023
The team is opening more cases in other jurisdictions and offering a roughly $800,000 bounty to the general public for information on the exploiter
Jimbos Protocol hacked for over $7.5 million using flash loan exploit
29.5.2023
Shortly after it fell victim to a hack, Arbitrum-based Jimbos Protocol has decided to seek the help of security researchers and on-chain analysts who collaborated on investigating similar attacks which targeted protocols such as Euler Finance and Sentiment....
Read More: Jimbos Protocol hacked...