News with the tag "Lending"

Daniel Schatt and Joseph Podulka, former CEO and CFO of the now-bankrupt crypto lending firm Cred LLC, have pleaded guilty to wire fraud charges tied to the company’s dramatic collapse in 2020. The U.S. Department of Justice announced their pleas as part of an ongoing investigation into misconduct t...

In a dramatic turn of events shaking the Asian cryptocurrency landscape, South Korean crypto lending platform Delio has disclosed a staggering debt of $258.7 million (378.7 billion won). This revelation, brought to light by bankruptcy trustee Jung Dong-hyun, has sent shockwaves through the crypto co...

Exciting news is rippling through the decentralized finance (DeFi) space! Leading lending protocol Aave has just announced a significant leap forward in accessibility. Aave V3 is now officially live on the Celo blockchain, a move poised to onboard millions of mobile-first users into the world of DeF...

In a groundbreaking move signaling the growing maturity of decentralized finance (DeFi), Bitwise Exchange has strategically partnered with Maple Finance to bridge the gap between traditional institutions and the burgeoning world of onchain lending. This collaboration marks Bitwise’s first foray into...

Blockstream, a provider of Bitcoin-powered financial infrastructure, has secured billions of dollars in investment as it prepares to launch its crypto lending funds. The Bitcoin ( BTC ) developer platform, which raised millions of dollars in debt financing in 2024, also noted that its crypto-backed ...

Sixth Street, a private equity firm with over $100 billion in assets under management, has backed blockchain-based lending platform Figure Technology Solutions with a $200 million investment. Figure and Sixth Street revealed the investment in a press release on Feb. 27. The two firms have formed a j...

Get ready for a thrilling development in the decentralized finance (DeFi) space! Echelon, a cutting-edge **decentralized lending protocol**, has just announced a strategic partnership that’s sending ripples of excitement through the crypto community. They’re joining forces with none other than Ethen...

In a dramatic turn of events in the decentralized finance (DeFi) space, Aave, a leading crypto lending platform, has decided to pull the plug on its lending services on Polygon Proof-of-Stake (PoS). This significant DeFi lending halt has sent ripples across the crypto community, primarily due to the...

Exciting news for Bitcoin holders! Imagine accessing funds without having to sell your precious Bitcoin holdings. Sounds too good to be true? Well, buckle up, because Onramp, a prominent Bitcoin financial services firm, has joined forces with Arch, a cutting-edge lending platform, to make this a rea...

Despite all of the positive news about digital assets coming from the new administration, the crypto ecosystem still isn’t fully integrated with the U.S. banking system. Even with the removal of “ Operation Chokepoint 2.0 ” restrictions, institutions and individuals aren’t able to access the money m...