Nexo leaving US, says country lacks clear regulations
The crypto lending platform says it will no longer accept new registrations, and operations for existing customers will eventually be wound down. Go to Source Powered by WPeMatico
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INX submits bid for Voyager Digital’s assets
FTX US won a $1.4-billion bid to purchase Voyager’s assets in September, but with the firm filing for bankruptcy, the funds were once again up for grabs. Go to Source Powered by WPeMatico
Gemini gets regulatory greenlight in Italy, Greece amid lending halt
Winklevoss’ Gemini exchange received the latest regulatory approvals days before its lending product Gemini Earn faced major issues. Go to Source Powered by WPeMatico
Crypto lender Matrixport seeks $100M funding despite lending crisis
Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise. Go to Source Powered by WPeMatico
Crypto lender Hodlnaut reportedly faces police investigation in Singapore
Hodlnaut reportedly lied about its exposure to the now-defunct Terra algorithmic stablecoin and lost nearly $190 million. Go to Source Powered by WPeMatico
Orthogonal Credit alleged key weaknesses in Alameda’s due diligence early in 2022
The firm pushed Maple Finance to halt Alameda’s dedicated borrower pool earlier this year. Go to Source Powered by WPeMatico
Southeast Asia and DeFi’s Big Bet on the Unbanked
With 70% of the Southeast Asian population under/unbanked, DeFi solutions have positioned themselves as catalysts for financial transformation. Go to Source Powered by WPeMatico
Singapore MAS proposes to ban cryptocurrency credits
Crypto service providers should not provide any credit facility or accept payments from credit cards from their customers, the MAS suggested. Go to Source Powered by WPeMatico
After Mango Market exploit, Compound pauses four tokens to protect against price manipulation
Compound users can no longer use yearn finance (YFI), 0x (ZRX), basic attention token (BAT) or maker (MKR) tokens as collateral for loans. Go to Source Powered by WPeMatico
Voyager Digital won’t sue its executives for incompetence, will claim insurance on them
CEO Stephen Ehrlich and financial head Evan Psaropolous will keep their jobs even though they okayed a huge loan to Three Arrows Capital without sufficient due diligence. Go to Source Powered by WPeMatico
