The new version includes features that developers believe will increase capital efficiency and lower gas fees The third version of crypto lending app Aave has now been deployed to Ethereum for the first time, according to a Jan. 27 tweet thread from the Aave team. “Aave V3” was originally released in March 2022, and it…
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Friktion is urging its customers to withdraw assets from the protocol as the front-end shuts down. Solana decentralized finance (DeFi) platform Friktion is shutting down its user interface and urging customers to withdraw their assets from the protocol, according to a statement on Jan. 26. The project’s website will no longer deliver the same services,…
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It was suggested that the token could be part of a reorganization that would turn Celsius into a publicly traded, U.S.-regulated company. Bankrupt crypto lending firm Celsius may issue its own token to repay creditors, according to a Jan. 24 report from Bloomberg that cites a video court hearing as the source of its information.…
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The first hearing in Genesis Capital’s bankruptcy case will be held on January 23, according to court filings. The first hearing in Genesis Capital’s bankruptcy case will be held on Jan. 23 at 2:00 pm Eastern Time, according to court filings. Judge Sean H. Lane of the United States Bankruptcy Court for the Southern District…
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Decentralized finance (defi) has continued to remain deeply ingrained in the cryptocurrency economy as the ecosystem provides users with a non-custodial way to exchange digital assets, lend cryptocurrencies, issue stablecoins, and ways to profit from arbitrage. In the lending sector of defi, a lot has changed during the last 12 months as lending applications like…
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The company claims that the negotiations with potential crisis managers entered the “advanced stage.” Embattled crypto lending platform Vauld one more time gets the period of creditor protection from a Singapore court. The company should come up with a revival plan before Feb. 28. As reported by Bloomberg on Jan. 17, Vauld has been granted…
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The crypto lender claimed that the Cayman Islands Monetary Authority had placed “too much weight” on regulators’ enforcement actions in its decision to deny registration. The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands. In…
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Genesis announced in August that it planned to cut its then-260-person workforce by 20%, with CEO Michael Moro moving into an advisory role. Crypto lending platform Genesis Global Trading has reportedly cut 30% of its workforce in its second round of layouts in six months. According to a Jan. 5 Wall Street Journal report, Genesis…
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Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47 days since withdrawals from Genesis had been halted. In the letter, Winklevoss claimed that DCG owes $1.675 billion to Genesis. Silbert, however, responded on social…
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FTX US won a $1.4-billion bid to purchase Voyager’s assets in September, but with the firm filing for bankruptcy, the funds were once again up for grabs. Trading platform INX has submitted a bid for an undisclosed amount to purchase the assets of crypto brokerage firm Voyager Digital. In a Nov. 30 announcement, INX said…
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