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CEL Token Soars as Celsius Shareholder Proposes Recovery Plan, Celsius Pays Compound
21.6.2022
The troubled crypto lending and borrowing company Celsius’ CEL token jumped today, as a company shareholder proposed a recovery plan, and Celsius made a USD 10m payment to the decentralized finance (DeFi) platform Compound (COMP).
A couple of good news related to Celsius seem to have led to...
Solend Puts Forward 3rd Proposal that Would Reduce Borrow Limit to USD 50M
21.6.2022
Solana (SOL)-based borrowing and lending service Solend has put forward yet another proposal in a bid to mitigate the threat of the whale wallets at risk of liquidation.
Called SLND3, the latest proposal would introduce a per-account borrow limit of USD 50m. It would also gradually liquidate...
Crypto lending platform Babel Finance reaches counterparty debt agreement
21.6.2022
The firm emphasized that it will “actively fulfill its legal responsibilities to customers and strive to avoid further transmission and diffusion of liquidity risks.”
Bibel Finance to Repay ‘Some Debts’ and ‘Ease Its Short-term Liquidity Pressure’
20.6.2022
Crypto-financial services provider Babel Finance claims to have reached certain “preliminary agreements” with “major” and “relevant” players on the repayment period of “some debts” – easing its short-term liquidity pressure.
Per today’s notice by the company,...
Read More: Bibel Finance...
Ex-Sushi CTO Raises $8M for NFT Lending Platform Astaria
20.6.2022
The platform, led by CEO Justin Bram of DeFi vet Joseph Delong, aims to provide instant liquidity for your JPEGs and should be available to the public by September
Crypto lending can still survive bear market, analyst says
20.6.2022
Bear markets are much more brutal for crypto lenders than cryptocurrency firms that don’t leverage users’ deposits, according to one Bitcoin analyst
Solana-Based 'DeFi' Lender Solend Goes for Whale Hunting and Backpedals Instantly
20.6.2022
A new proposal put forward by Solana (SOL)-based borrowing and lending service Solend to disapprove the takeover of the protocol's largest account following huge backlash from the community has passed with an overwhelming majority of votes.
The new proposal, dubbed SLND2, asked to invalidate...
Celsius 'In Dialogue' With 'Regulators & Officials', Gets Quieter About Its Operations
20.6.2022
In a most recent update, troubled major crypto lender Celsius (CEL) did not provide any indications of when it expects to stabilize its liquidity and operations, but stressed its focus on its work with "regulators and officials" while limiting communication with its clients....
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Crypto lender Babel Finance halts withdrawals due to liquidity pressures
17.6.2022
Hong 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
Report: Celsius Hires Citigroup to Help the Startup Find ‘Potential Financing’
16.6.2022
According to “two people familiar with the matter,” the cryptocurrency lending company Celsius is working with the financial giant Citigroup in order to get advice on how to handle the firm’s financial hardship. The sources note that Citigroup was hired by Celsius to help...
Texas securities regulator investigates Celsius over withdrawal suspension: Report
16.6.2022
Reports 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
Self-Custody Is More Than a Feature – Dennis Jarvis, CEO of Bitcoin.com
16.6.2022
While markets are going up, people get more comfortable putting their cryptoassets into trusted third parties such as centralized exchanges and centralized lending platforms that promise increasingly enticing returns. The good times never last, though. As markets peak and monetary policy tightens...
Crypto Lending Platforms 'Should Be Regulated': Former CFTC Chairman
15.6.2022
“A lot of people have losses who didn't understand the risks they were taking,” former Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad said on CoinDesk TV’s “First Mover,” following the freezing of account withdrawals on crypto trading platform Celsius
NEXO price drops 40% in three days on rumors of ties to 'insolvent' crypto fund
15.6.2022
Nexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations
Report: Celsius Seeks Help From Restructuring Lawyers Over Financial Hardship
15.6.2022
Following the rumors and speculation surrounding the crypto lending firm Celsius, a Wall Street Journal report, quoting “people familiar with the matter,” explains that the company is reportedly hiring restructuring lawyers. Basically, hiring restructuring and insolvency attorneys...
Iowa regulator orders BlockFi to pay $943K over alleged unregistered securities offering
14.6.2022
The IID ordered BlockFi to pay an administrative fine as well as cease and desist “from making any untrue statement of material facts regarding securities.”
Ethereum crashed by 94% in 2018 — will history repeat with ETH price bottoming at $375?
14.6.2022
ETH's latest plunge could bring more pain despite expectations that $1,200 should hold
Celsius Tops Up More Collateral to Avoid Loan Liquidation, Faces ETH Squeeze
14.6.2022
The troubled crypto lending and borrowing company Celsius (CEL), which on Monday halted withdrawals due to “extreme market conditions,” is adding more collateral for a loan on the MakerDAO (MKR) decentralized finance (DeFi) protocol to avoid liquidation. At the same time, the company is facing...
Crypto Lending Company Blockfi Cuts Staff by 20%
13.6.2022
On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince...
Ethereum price flash crashes to $950 on Uniswap as whale dumps 93K ETH
13.6.2022
ETH managed a sharp rebound after falling to $950. But the ETH/USD bearish continuation setup could have it revisit it