Decentralized credit marketplace, Credix Finance, is partnering with digital lender, Clave, to bring debt capital markets on-chain with the launch of a $150M stablecoin credit pool. The credit facility will open in 2023.
Crypto lender, Moon Mortgage, plans to launch a product that allows investors to use cryptocurrencies as collateral for financing real estate investments. This follows its successful $3.5M seed round for product expansion.
Celsius has filed its Schedules of Assets and Liabilities and Statements of Financial Affairs in line with the bankruptcy proceedings. This move has placed users at risk of fallouts and possible cyber threats.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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