“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms. Crypto lending platform Nexo says that its strong balance sheet means it can ride to the rescue to provide liquidity during the current market turmoil by acquiring the assets of struggling crypto firms. In a…
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As the crypto market has entered “a state of fear,” and “nobody can say” whether the bottom is already behind us, major crypto lender Nexo (NEXO) is eyeing possibilities to acquire troubled companies, according to its co-founders…. Read More: Nexo Eyes Potential M&A Targets as Crypto Market in ‘State of Fear’ Read more »Pay,…
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Voyager Digital Holdings, an owner of a crypto platform, announced today that they entered into a multi-million credit line agreement with Alameda Ventures, but also that they may issue a notice of default to major crypto hedge fund Three Arrows Capital (3AC) for failure to repay its loan…. Read More: Voyager Digital Secures Credit…
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Christine Lagarde introduced a “MiCA II” idea to cover the issues yet untouched by European regulators. A week after the major American crypto lending platform Celsius had to freeze the withdrawal option for its users, European Central Bank (ECB) president Christine Lagarde voiced her conviction on the necessity of tighter scrutiny over this part of…
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Third-party custodians like Celsius failing is a reminder of one of the most basic principles of crypto; not your keys, not your coins. After one week of pausing user withdrawals, swaps and transfers, the firm said it was maintaining an open dialogue with regulators and officials and plans to continue working with them regarding this…
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One of the most crypto-friendly members of the American regulatory Securities and Exchange Commission (SEC) has claimed that the bear market could boost sustainability in the industry – stating that she wouldn’t bail out ailing crypto companies even if she could…. Read More: SEC’s Peirce Says Crypto’s Lack of ‘Bailout Mechanism’ Is a Strength;…
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Solana (SOL)-based borrowing and lending service Solend has put forward yet another proposal in a bid to mitigate the threat of the whale wallets at risk of liquidation. Called SLND3, the latest proposal would introduce a per-account borrow limit of USD 50m. It would also gradually liquidate positions of anyone who has a debt…
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The troubled crypto lending and borrowing company Celsius’ CEL token jumped today, as a company shareholder proposed a recovery plan, and Celsius made a USD 10m payment to the decentralized finance (DeFi) platform Compound (COMP). A couple of good news related to Celsius seem to have led to a surge in the price of…
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Major crypto lender BlockFi said it secured a USD 250m loan from the FTX exchange in an attempt to bolster its balance sheet. The revolving credit facility, which is a type of credit, “are intended to be contractually subordinate to all client balances across all account types (BIA, BPY & loan collateral) and will…
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Crypto-financial services provider Babel Finance claims to have reached certain “preliminary agreements” with “major” and “relevant” players on the repayment period of “some debts” – easing its short-term liquidity pressure. Per today’s notice by the company,… Read More: Babel Finance to Repay ‘Some Debts’ and ‘Ease Its Short-term Liquidity Pressure’ Read more »Pay, Trade,…
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