Search Results for "lending"
Aave Surpasses $1.7 Billion TVL Taking Number One Spot From Maker and Compound
Aave is taking the open finance sector by storm reaching number one on the Defi Pulse rankings, beating Maker and Compound.
Crypto Controls Needed in Lending Sector to Stem Depression, Expert Says
For depression and crashes to be averted in the crypto market, regulation and capital controls are needed to supervise fast-growing trading platforms, according to a quantitative risk modeller.
FCA Restricts Rebuildingsociety.com, Impeding Binance's UK Compliance Efforts
The UK's Financial Conduct Authority (FCA) has imposed restrictions on Rebuildingsociety.com Ltd, a peer-to-peer lending platform, impacting its recent partnership with crypto exchange Binance for complying with the FCA's marketing regime. The regulation mandates firms to ensure transparent and fair marketing, affecting Binance’s strategy to serve the UK market. The move showcases the FCA's stringent stance towards ensuring marketing compliance, especially within the crypto sector.
BnkToTheFuture Taking Steps to Acquire Crypto Lender Salt Lending
BnkToTheFuture explores a potential plan to acquire Salt Lending to expand its presence in the US.
Crypto Lender Celsius Raises $400M as Investors Shun Regulatory Crackdowns
Kentucky-based digital asset lending platform Celsius Network has announced its latest $400 million fundraisers as led by WestCap and CDPQ.
NFT Lending Protocol Bend DAO Proposes New Measures against Bankruptcy Crisis
Subject to the bankruptcy crisis caused by depleted Ethereum reserves, NFT lending protocol Bend DAO has proposed new emergency measures pending a governance vote.
Astaria Raises $8m in Seed Round to Improve NFT Lending Liquidity
While NFT lending has become a popular way of accessing more cash, most NFTs are illiquid. This is the problem that Astaria is trying to solve.
Haru Invest Executives Arrested in $826 Million Crypto Embezzlement Case
South Korean prosecutors have detained three Haru Invest executives for allegedly embezzling $826 million worth of cryptocurrencies from 16,000 users, highlighting regulatory scrutiny over crypto lending practices.
The new procedures included the requirement that all future code changes be approved by the DAO
"Aave V3" was launched in March 2022 and deployed on numerous EVM-compatible blockchains soon after. V3 helps consumers save money and enhance capital efficiency. It permits riskier collateral.
New York State Watchdog Orders Two Crypto Firms to Close Operations, Launching Further Investigations
The Office of the New York Attorney General (NYAG) has directed two unnamed crypto lending firms to halt their operations in the state, indicating these firms are involving ineffective registration.
Linus Financial Settles SEC Charges Over Unregistered Crypto Lending Product
The SEC has settled charges against Linus Financial for failing to register its Linus Interest Accounts, a crypto lending product. The SEC deemed the accounts securities and made registration mandatory. Linus voluntarily stopped offering the accounts to new investors and requested fund retrieval.
Babel Finance explores new restructuring opportunities with DeFi project
Babel Finance is considering a new restructuring opportunity that involves the creation of a new decentralized finance (DeFi) project called Hope. This project aims to generate revenue to repay debts owed to creditors, and will mint a new stablecoin using Bitcoin and Ether as collateral.