Friktion is urging its customers to withdraw assets from the protocol as the front-end shuts down. 21877 Total views 64 Total shares Own this piece of history Collect this article as an NFT Solana decentralized finance (DeFi) platform Friktion is shutting down its user interface and urging customers to withdraw their assets from the protocol, […]
The new version includes features that developers believe will increase capital efficiency and lower gas fees 1482 Total views 7 Total shares Own this piece of history Collect this article as an NFT The third version of crypto lending app Aave has now been deployed to Ethereum for the first time, according to a Jan. […]
It was suggested that the token could be part of a reorganization that would turn it into a publicly traded, U.S. regulated company. 847 Total views 11 Total shares Own this piece of history Collect this article as an NFT Bankrupt crypto lending firm Celsius may issue its own token to repay creditors, according to […]
A lawyer for Genesis is optimistic it can resolve creditor disputes before the week is out while the firm could exit bankruptcy proceedings in four months. 1296 Total views 21 Total shares Own this piece of history Collect this article as an NFT A lawyer for bankrupt crypto lending firm Genesis is optimistic the firm […]
According to Megan Crowell, losing certain employees could “severely [limit] the debtors’ options” amid bankruptcy proceedings. 40 Total views 1 Total shares Own this piece of history Collect this article as an NFT Megan Crowell, the chief people officer at crypto lending firm BlockFi, has petitioned a court to allow bonuses for “key employees” amid […]
A crypto analyst illustrated how crypto firms were potentially connected throughout all the recent bankruptcies. Own this piece of history Collect this article as an NFT As the crypto lender Genesis Global Trading filed for Chapter 11 bankruptcy protection in New York, members of the crypto community went on social media to express their thoughts on […]
Crypto lendinginstitution Nexo Capital has concurred to pay $45 million in charges to the U.S. Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) for stoppingworking to register the deal and sale of its Earn Interest Product (EIP). The news was revealed by the SEC and NASAA in 2 different declarations […]
The company claims that the negotiations with potential crisis managers entered the “advanced stage.” 18 Total views 2 Total shares Own this piece of history Collect this article as an NFT Embattled crypto lending platform Vauld one more time gets the period of creditor protection from a Singapore court. The company should come up with […]
Crypto financing company BlockFi has revealed it will divulge details on its possessions and liabilities as well as payments gotten previous to its insolvency filing in November. In a Jan. 9 Twitter thread, BlockFi stated it had submitted a discussion for its stakeholders detailing prepares for future court filings and a rundown of the personalbankruptcy […]
Crypto financing platform Genesis Global Trading has supposedly cut 30% of its laborforce in the 2nd round of designs in 6 months. According to a Jan. 5 Wall Street Journal report, Genesis decreased its personnel by 30% following the platform suffering losses from loans to Alameda Research and Three Arrows Capital. An upgrade to its […]
To put it lightly, it has been a wild year for the crypto sector. In the span of less than 12 months, the third-most valuable stablecoin imploded, leading to a domino effect that saw crypto lender Celsius go bankrupt, Three Arrows Capital’s founders go runabout and one of crypto’s most “altruistic” executives flown home in […]
The California Department of Financial Protection and Innovation (DFPI) has ordered crypto lending platform MyConstant to cease offering a number of its crypto-related products over alleged state securities law violations. The DFPI stated in a press release on Dec. 21 that it has ordered MyConstant to “desist and refrain” from offering its peer-to-peer loan brokering […]