crypto lending News and Articles

Thailand’s Securities and Exchange Commission has banned crypto companies from providing staking and lending services. According to the official statement, the regulator prohibits digital asset businesses to offer or support crypto depository services, including the payment of returns to...

Cryptocurrency lender Celsius applied for Chapter 11 bankruptcy. A release by the company says that the filing is voluntary and aims to steady the business through restructuring and generate maximal value for all stakeholders. Moments ago, @CelsiusNetwork filed voluntary petitions for Chapter 11...

Solend, a decentralized lending protocol based on the Solana blockchain, recently voted to take control over a whale's account to mitigate risks related to liquidation. The network said if SOL drops and the whale gets liquidated, the platform may end up in debt. However, the next proposal...

On June 12, crypto lending platform Celsius reported stopping all the withdrawals, swaps, and transfers between accounts because of extreme market conditions. The crypto market has experienced volatility and prices fell significantly. An announcement by the company said that the team was taking...

The U.S. Securities and Exchange Commission is examining the products of crypto companies Celsius, Voyager, and Gemini. According to a Bloomberg report, the scrutiny is a part of an expanded inquiry into businesses that provide lending products and allow customers to deposit tokens and earn...

Today cryptocurrency trading platform Celsius announced raising over $400 M in equity funding. The investment was led by the growth-oriented investment firm WestCap. With this, the company's valuation has reached $3 billion. The news comes after Celsius's facing scrutiny. Last month, the New Jersey...

Major Bitcoin lending companies BlockFi, Celsius Network, and Nexo beat new records. On March 11, crypto trading and loan providing platform BlockFi announced raising $350 M in Series D funding headed by Bain Capital Ventures, partners of DST Global, Pomp Investments, and Tiger Global. A day...

Aave is an Ethereum-based lending protocol. It provides options of lending, borrowing, and gaining interest in crypto without intermediaries. The platform has its native token AAVE, due to which users can govern it. The foundation of Aave, ETH Land Aave changed a lot since its foundation in...

Japanese financial giant SBI Group introduced a cryptocurrency lending service through its subsidiary SBI VC Trade. According to a November 24 press release, a new service called VC Trade Lending will initially support Bitcoin. Going forward, SBI plans to add support for Ether (ETH) and XRP. SBI is...

Crypto lending platform Celsius Network announced that on Monday, July 27, it will close the round of financing through the issue of shares with raised investments of more than $18.8 million. Qualified investors, including those from the United States, could take part in the round. The minimum...