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Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits
19.5.2023
Eurozone banks are profitable but the benefits from higher interest rates may be smaller than expected, according to the deputy head of the single currency area’s monetary authority. The official noted that while most of the tightening has been done already, more rate increases are to come. Euro...
BlockFi used customer money to buy $30M insurance, creditors claim
16.5.2023
BlockFi said last Friday that it might not generate value for creditors by selling its cryptocurrency lending platform
Crypto bank runs in 2022 catalyzed by institutional withdrawals: Research
16.5.2023
Research suggests the lack of insurance for depositors on crypto platforms induced fear among retail and institutional clients, leading to heavy withdrawals and a liquidity crunch
Lending Platform Atlendis Deploys Upgrade on Polygon, Opens $2M Lending Pool for Banxa
16.5.2023
Atlendis Labs is a blockchain-based credit marketplace that offers revolving credit lines for small and medium-sized businesses and fintech firms
MakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token
12.5.2023
Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance
Rehypothecation May Be Common in Traditional Finance, but It Will Never Work With Bitcoin
10.5.2023
Applying rehypothecation onto bitcoin or crypto ignores the fundamental essence of these assets arising from a core bitcoin innovation, Christopher Calicott writes
Bankrupt Crypto Lending Firm Celsius Targeted for Acquisition by Apollo and NovaWulf
9.5.2023
Apollo Global Management is reportedly part of a bid by crypto investment firm NovaWulf to acquire the bankrupt crypto lender Celsius Network.
On April 30, Celsius named several companies interested in buying the lender, including NovaWulf, Fahrenheit LLC, and the Blockchain Investment Recovery...
MakerDAO launches Spark Protocol, a new DeFi lending solution for DAI users
8.5.2023
The initial iteration of the Spark Protocol will function as a lending platform, offering supply and borrow functionalities for cryptocurrencies ETH, stETH, DAI, and sDAI
Eligible Celsius users can withdraw all 'Distributable Custody Assets' following court approval
5.5.2023
Certain Celsius users, largely those who only ever held funds in custody accounts, had previously been limited to withdrawing up to 94% of their funds
NFT Lending Platform Blend Sparks Concerns Over Ecosystem Liquidity
5.5.2023
Blend, the name of NFT marketplace Blur’s new lending platform, allows traders to lease NFTs to bolster liquidity. However, concerns have been raised about its impact on broader NFT markets
How can AI be used to improve credit scoring?
5.5.2023
AI can analyze data for accurate risk assessment, reduce bias, automate tasks and personalize the lending experience for improved credit scoring
Mashinsky files motion to dismiss NY AG suits, says it ‘parrots misinformation’
3.5.2023
Former Celsius CEO Alex Mashinsky was charged with seven counts of fraud in connection with “false and misleading statements” about his company, among other things
Bybit launches Bybit Lending with hourly interest feature for lenders
3.5.2023
Holders of cryptocurrencies like BTC, ETH, and USDT, to mention a few, now have a chance to earn hourly interest with Bybit. This comes to light following an announcement by Bybit wherein Bybit has introduced a lending protocol that rolls out interest on lending every hour. Bybit Lending requires...
Blur NFT lending surpasses $16M in loans, led by Matchi Big Brother
2.5.2023
The milestone comes just one day after the protocol's launch on May 1
Paradigm and Blur Developers Announce Blend, a P2P NFT Lending Protocol – How Does it Work?
2.5.2023
The NFT marketplace Blur on Monday launched a new NFT-focused lending platform that operates without expirations and with no external price oracles like other lending platforms rely on....
Read More: Paradigm and Blur Developers Announce Blend, a P2P NFT Lending Protocol – How Does it Work?
UK Crypto Tax Advisors Welcome Proposed Changes to DeFi Lending, Staking Treatment
2.5.2023
The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users
ByBit joins crypto exchanges offering crypto lending services
2.5.2023
Dubai-based cryptocurrency exchange ByBit rolls out cryptocurrency lending service, joining a handful of major exchanges that offer interest-bearing lending facilities
Blur unveils Blend, a Peer-to-Peer Lending Platform
2.5.2023
Tieshun Roquerre, the cofounder of Blur, claimed that holders of non-fungible tokens, also known as NFTs, are constantly becoming NFT-rich while also becoming ETH-poor. The same venture has now come up with a borrowing-lending solution that resolves the issue. Blend, by Blur, is a product that...
Blur NFT lending protocol gets mixed reactions from the community
2.5.2023
Jesse Hynes, a Web3 lawyer, tagged the SEC and stated that this is the type of activity that they must safeguard investors from
Blur introduces NFT perpetual lending protocol
1.5.2023
Borrowing positions automatically roll their expiry, and can be refinanced should one party unilaterally decide to terminate