lending – Page 13 – Ƀitsell X

Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld

July 6, 2022

Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore Vauld’s Acquisition Singapore-based crypto lending and trading platform Vauld, which announced suspension of withdrawals and other…
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Troubled Vauld May Be Acquired and Come Under ‘Nexo Umbrella’

July 5, 2022

Singapore-based crypto lender Vauld may get acquired by major crypto lender Nexo (NEXO). The news was announced by Vauld CEO Darshan Bathija today, stating that the exchange has signed “an indicative term sheet” with Nexo to buy “up to 100% of Vauld.” The CEO added that, “The completion of this transaction is pending due diligence…
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Keys lost in the Vauld: Singapore crypto exchange freezes withdrawals

July 4, 2022

Not your keys, not your coins. Crypto CeFi lender Vauld has suspended “all withdrawals, trading and deposits.” Crypto contagion claims another casualty. In a statement, Singapore-based crypto exchange Vauld has made the “difficult decision to suspend all withdrawals, trading and deposits on the Vauld platform with immediate effect.” In what appears to be a run on…
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Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M

July 4, 2022

According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but Prince also noted that $240 million of that total could be used to acquire Blockfi at a variable price up…
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Crypto Turmoil: 3AC Files for Bankruptcy, FTX and BlockFi Agree, Suspensions at Voyager

July 2, 2022

Multiple important news reached the market as another week of harsh crypto winter neared its end, providing more clarity on where some major industry players stand…. Read More: Crypto Turmoil: 3AC Files for Bankruptcy, FTX and BlockFi Agree, Suspensions at Voyager Read more »Pay, Trade, Buy Bitcoin with Credit Card

BlockFi announces deal with FTX US, including ‘option to acquire’ for $240M

July 2, 2022

According to CEO Zac Prince, BlockFi signed agreements with FTX US totaling $680 million — for a company that had a $5 billion valuation in June 2021. FTX US has inked a deal with BlockFi that will give the crypto derivatives exchange the option to purchase the lending firm. In a Friday Twitter thread, BlockFi…
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Crypto Selloff Proves Computer Code Leads To ‘Better Outcome’ Than Human Discretion – Arthur Hayes

July 1, 2022

Pure decentralized finance (DeFi) protocols have fared far better than the more centralized crypto lending and borrowing companies during this bear market. This proves that computer code and transparent standards give “a better outcome,” crypto essayist and former BitMEX CEO Arthur Hayes wrote…. Read More: Crypto Selloff Proves Computer Code Leads To ‘Better Outcome’ Than…
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FTX and Ledn Compete for Troubled BlockFi – Reports

July 1, 2022

Both major crypto exchange FTX and crypto lender Ledn have reportedly joined the race for a stake in the troubled crypto lender BlockFi. Bloomberg and CNBC reported about the ongoing negotiations between BlockFi and FTX. According to CNBC’s undisclosed sources, FTX is close to finalizing a term sheet to buy BlockFi for USD 25m and…
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Three Arrows Reprimanded by Singapore, Crypto AUMs at Record Low, N Korean Hackers + More News

June 30, 2022

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Three Arrows Reprimanded by Singapore, Crypto AUMs at Record Low, N Korean Hackers + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card

Celsius’ Positions are Now Healthier, Three Arrows Capital Was a ‘Victim of Contagion’ – Nansen

June 29, 2022

Troubled crypto lender Celsius (CEL) has managed to improve the health ratio of its on-chain positions since pausing withdrawals, according to blockchain analytics platform Nansen. Meanwhile, they said, the crypto hedge fund Three Arrows Capital (3AC) was the victim of the contagion…. Read More: Celsius’ Positions are Now Healthier, Three Arrows Capital Was a ‘Victim…
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