Crypto lending

Is Crypto Halal?

Islamic nations are adopting crypto. However, are all aspects of crypto Halal?

Updates on Celsius

So much has been going on with embattled crypto lender Celsius. Here are some updates detailing the activities of its Top Execs and what the future holds for the lending platform.

Ledn Set to Acquire Canadian Digital Investment Manager Arxnovum

Crypto lender, Ledn, has initiated an acquisition process for Arxnovum Investments Inc., a regulated Canadian digital asset investment manager. The acquisition will enable Ledn to serve more accredited clients.

Celsius’s Top 3 Executives Withdrew $56M Before Company’s Bankruptcy

A new court record reveals that the top three executives of the now defunct crypto lending platform, Celsius, withdrew about $56.2 million before the company halted withdrawals and filed for bankruptcy.

Celsius’ Chief Strategy Officer Steps Down

S. Daniel Leon, Celsius’ Co-Founder, resigned from his position as Chief Strategy Officer via an internal memo.

Nexo’s Co-Founders Debunk Rumors Of Insolvency

Nexo’s Co-Founders reassured investors that Nexo is fully solvent and quelled rumors about the platform facing bankruptcy. They also answered the community’s questions related to Nexo's recent developments.

DeFi Lender Euler Finance Set to Start Accepting USDT as Collateral

Euler Finance will now be accepting USDT as collateral for loans. The proposal, supported by 88% of the voters, has made Euler the largest Ethereum-driven lending protocol that allows users to take loans with USDT.

Matrixport Acquires $50M Insurance Coverage With Lloyd’s Syndicate

Matrixport signed a $50M insurance policy with Lloyd Syndicate to protect itself from any liquidity issues that may arise due to the crypto winter.

FTX’s CEO Reveals How They Will Approach Celsius' Auction

Addressing Simon Dixon's Tweets, Sam Bankman-Fried disclosed how FTX would place bids on Celsius’ Assets.

Alex Mashinsky Withdrew $10 Million Days Before Freezing Clients' Accounts

A Financial Times report revealed that Alex Mashinsky, former CEO of Celsius, withdrew $10 million shortly before freezing clients' funds in June. His representative claims the withdrawal was used for tax settlements.

Celsius Submits Proposal For The Auction Of Its Retail Assets

Celsius filed a notice to auction its retail assets and exit Chapter 11 bankruptcy. According to sources, FTX has set its sights on acquiring Celsius' assets.

Celsius Creditor Committee Objects To Equity Holders' Motion

The Unsecured Creditor Committee (UCC) is moving to counter the motion to set up another committee to represent equity holders.

FTX Reportedly Seeks To Acquire Celsius’ Assets

According to sources, Sam Bankman-Fried, CEO of FTX, is considering bidding on crypto lender Celsius’ assets to bail the latter out of bankruptcy.

Nexo Acquires Stake In Summit National Bank

Nexo purchased a stake in Hulett Bancorp, a holding that owns Summit National Bank, with Nexo’s Co-Founder and Managing Partner Kalin Metodiev being appointed a board member of the bank.

Alex Mashinsky Steps Down As Celsius Network CEO

Alex Mashinsky, CEO of defunct crypto lender, Celsius Network, has submitted his resignation letter. He will be stepping down immediately as the CEO but will still maintain his direct position as the company's founder.

CoinLoan’s Semi-Annual Report Reveals Promising Results

According to CoinLoan’s mid-year report, the lending firm has seen an uptrend in its growth metrics despite the ongoing crypto winter.

Celsius CEO’s Wife Sells “Unbankrupt Yourself” T-shirt Referencing Company’s Slogan

An e-commerce site, usastrong.io, founded by the wife of Celsius CEO, Krissy Machinsky, now sells T-shirts branded “Unbankrupt Yourself.” This has raised reactions across social media as users think it is insensitive.

Voyager Requests Alameda To Repay $200M Loan

In a recent court filing, Voyager requested trading firm Alameda Research to repay its $200M outstanding loan by September 30.

FTX Emerges As The Top Bidder In The Auction To Buy Voyager’s Assets

FTX submitted the highest offer to purchase Voyager Digital’s assets by outbidding Wave Financial in an auction that began earlier this week.

Celsius Seeks Court Approval To Sell Its Stablecoin Holdings

Celsius Network filed a request to sell its stablecoin assets in order to acquire funds for its operations.

Algorand Foundation Reveals $35M Exposure To Hodlnaut

Algorand Foundation revealed it has a $35M USDC exposure to Hodlnaut. However, Algorand's short-term deposits are currently locked in Hodlanut as the latter halted all token swaps and withdrawals in August.

Nexo Launches Its Crypto Trading Platform

Nexo released its all-in-one crypto trading platform, Nexo Pro, to provide spot, margin, and futures trading services to its users.

Celsius Files To Reopen Withdrawal For Eligible Users

The defunct crypto lender announced that it is making moves to pay holders of certain accounts. The proceeding will be held on 14 September, so until then, affected users will have to keep their fingers crossed.

VGX Surges By 125% In 24 Hours Following Rumors Of Voyager's Takeover

Voyager's native token, VGX, saw a sudden rise as its value surges by over 125% within 24 hours while rumors of the platform's buyout begin to circulate. 

CoinLoan Releases Special Edition NFT Token For Customers To Mark Fifth Anniversary

CoinLoan is saying thank you to its customers for five years of patronage by releasing a limited number of special edition NFTs.

Celsius CFO Debunks Rumors, Reveals Details About Mining Operations

In a recent bankruptcy hearing call, Chris Ferraro, Celsius’ CFO, assures investors that the platform has enough funds to last until the end of 2022. 

Hodlnaut Reveals Pending Proceedings With The Singaporean Police

Crypto lending platform Hodlnaut reveals the company has police proceedings with the Singapore Attorney-General and the Singapore Police Force.

Genesis Cuts 20% of Workforce, Announces CEO Stepping Down

Michael Moro, CEO of crypto lending platform Genesis, steps down from his leadership position and instead shifts to an advisory role. The platform also slashes 20% of its staff as it suffers from the fallout of Three Arrows Capital's collapse.

BlueBenx Suspends Withdrawals Following $32M Hack

Brazilian crypto lending company, BlueBenx halts all crypto withdrawals after a recent hack.

Genesis Active Loans Declines by 66% in Q2 2022

Crypto lending giant, Genesis, reveals that loans dropped from $14.6 billion in Q1 to $4.9 billion in Q2, leading to a 66% drop.

Infura And Alchemy Blacklist Tornado Cash

Blockchain development firms Infura and Alchemy are the latest companies to block Tornado Cash after the U.S. Treasury banned the platform and all its services.

New CoinLoan Survey Shows High Confidence Level In Sector Future

This press release gives insight into the customer satisfaction level across various facets of the exchange's services.
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