FTX may be planning to purchase stake in BlockFi: Report
The reportedly ongoing talks followed BlockFi signing a term sheet with FTX to secure a $250 million revolving credit facility on Tuesday. Go to Source Powered by WPeMatico
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Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi
Traders brace for more bad news after headlines revealed that Voyager Digital had lent $655 million to Three Arrows Capital. Is another crypto market sell-off on the way? Go to Source Powered by WPeMatico
Swan Bitcoin CEO against crypto lenders: Users are way under-compensated for the risk
The CEO of Swan Bitcoin, Cory Klippsten, criticizes Celsius Network and other centralized crypto lending platforms, warning of possible market contagion. Go to Source Powered by WPeMatico
Crisis in crypto lending shines light on industry vulnerabilities
Leading crypto lending firms and hedge funds have run into trouble due to the market turmoil but more so because of their unchecked reckless decision-making process. Go to Source Powered by WPeMatico
Nexo hires Citibank to advise on acquisitions during market turmoil
“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms. Go to Source Powered by WPeMatico
Celsius’ crisis exposes problems of low liquidity in bear markets
Third-party custodians like Celsius failing is a reminder of one of the most basic principles of crypto; not your keys, not your coins. Go to Source Powered by WPeMatico
ECB head calls for separate framework to regulate crypto lending
Christine Lagarde introduced a “MiCa II” idea to cover the issues yet untouched by European regulators Go to Source Powered by WPeMatico
Crypto lending can still survive bear market, analyst says
Bear markets are much more brutal for crypto lenders than cryptocurrency firms that don’t leverage users’ deposits, according to one Bitcoin analyst. Go to Source Powered by WPeMatico
Crypto lender Babel Finance halts withdrawals due to liquidity pressures
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. Go to Source Powered by WPeMatico
Texas securities regulator investigates Celsius over withdrawal suspension: Report
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. Go to Source Powered by WPeMatico