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Tag: Crypto lenders

Wrapped Bitcoin provide drops to destructive after 11,500 wBTC burn linked to Celsius

The availability of wrapped Bitcoin (wBTC) dropped to its lowest since Might 2021 after the second-largest single-day burn on Feb. 27. A complete of 11,500...

More Crypto Firms Threatened With Layoffs and Bankruptcies

The stablecoins crisis is having a ripple effect on the crypto industry. Events in 2022 exposed how intertwined stakeholders have become in the crypto...

Coinbase Supports SEC’s Proposed Crypto Custody Rules, But Not Everyone Is Happy

Advertisement &nbsp &nbsp The U.S. Securities and Exchange Commission (SEC) has proposed introducing rules to address how investment advisers safeguard client crypto assets. According...

How to Get a Crypto Loan from CoinRabbit? Use Case Study

(Last Updated On: February 16, 2023)You can easily pledge some of your crypto holdings and take out a crypto loan at a multitude of...

Mister Davies? Mister Davies? Anyone Home…?

Join Our Telegram channel to stay up to date on breaking news coverage Kyle Davies continues to ignore the subpoena served publicly on Twitter while...

What is Venus Protocol?

Venus Protocol is a decentralized money market protocol for lending and borrowing cryptocurrencies. It provides low-cost, fast transactions and allows users to take out...

Alameda Research sues Voyager Digital for US$445.8 mln 

Alameda Research, the brokerage arm of cryptocurrency exchange FTX.com, has sued bankrupt digital assets lender Voyager Digital to reclaim US$445.8 million in loan payments...

Genesis Global Capital To File For Bankruptcy

Crypto Lender Froze Client Assets in November More than two months after it froze customer assets, Genesis Global Capital is preparing to file for bankruptcy,...

2023 could also be a do-or-die yr for cryptos. Are traders ready?

After witnessing exponential development in 2020-21, the worldwide crypto market got here to a standstill in 2022 with many occasions bringing consideration to the...

SBF Claims FTX Had $8B Before Bankruptcy, Says CZ’s Tweets Were a ‘Targeted Attack’ on Alameda

Former FTX CEO Sam Bankman-Fried has resurfaced on Substack, making a series of claims about the state of FTX and Alameda’s balance sheet before...

Civil Lawsuit Filed Against Celsius Former CEO in New York

48 mins ago | 2 mins read Defi News The lawsuit accuses Mashinsky of planning to swindle hundreds of investors. According to...

Silvergate Capital Lays Off 40% Of Staff As FTX-Induced Contagion Strikes Again

Silvergate Capital reported investors pulled out more than $8 billion in deposits from the crypto-focused bank as FTX’s sudden and spectacular collapse left...

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