Crypto Lending Latest News

Latest Crypto Lending News

VersiFi hires ex-Genesis exec and secures $10m to revamp crypto lending

VersiFi appoints former Genesis executive Martin Garcia as co-CEO and secures $10 million in funding to drive crypto lending services.

2 weeks ago

Former Cantor leaders launch crypto lending service ahead of potential Bitcoin ETFs

Digital Prime Technologies, founded by former Cantor Fitzgerald executives, has launched a crypto lending platform named Tokenet, aiming to capitalize on the potential U.S. regulatory approval of Bitcoin ETFs.

November 8, 2023 at 8:23 pm

Chinese court requires proof of Tether as legal fiat affirms ban on crypto lending

According to an Oct. 10 press release by the Nanchang People’s Court, the plaintiff was required to prove that Tether is a legally issued fiat currency to bring a necessary cause of action for judicial relief.

October 12, 2023 at 2:56 pm

Coinbase Global to launch lending platform for institutional investors

Coinbase Global plans to launch a digital asset ending platform for large institutional investors on Sep. 5

September 6, 2023 at 6:57 pm

Union Finance unveils permissionless credit protocol at ETHBarcelona

Jacob Shiach, CEO of Union Finance, introduced Union Finance’s permissionless credit protocol, which aims to facilitate decentralized lending by leveraging trust and coordination among individuals, DAOs, and contracts. Shiach presented a speech on uncollateralized lending and leveraging friendships for fun…

July 7, 2023 at 9:58 am

Creditors request BlockFi’s dissolution, accuse CEO of fraud and extortion

Creditors of failed cryptocurrency lending platform BlockFi are seeking liquidation of the firm's assets, citing allegations of fraud and misconduct against the company and its CEO, Zac Prince.

June 28, 2023 at 5:49 pm

Blur’s Blend protocol facilitates nearly 170,000 ETH loans in 22 days

Blur’s peer-to-peer perpetual non-fungible lending protocol Blend, focused on NFTs, has seen massive growth since inception, with the protocol’s loan volume hitting close to 170,000 in under 30 days. Blend controls 82% of NFT lending share According to DappRadar, Blend’s…

May 26, 2023 at 10:59 am

BlockFi opts to liquidate its lending business

New Jersey-based bankrupt crypto lender BlockFi is looking to liquidate rather than sell its cryptocurrency lending platform after concluding that a sale might not benefit creditors. BlockFi, in a court document filed with the US bankruptcy court for the District…

May 16, 2023 at 1:49 pm

Bybit begins offering crypto lending services

Dubai-based crypto exchange Bybit has introduced crypto lending services to its portfolio of services.

May 2, 2023 at 1:48 pm

Bitstamp to introduce new lending product in Europe

Bitstamp has partnered with Tesseract to introduce a new crypto-lending service across specific European markets. Bitstamp is building a crypto-lending product to be tested in selected European countries, including France, Spain, Italy, and Ireland. Moreover, it will be expanded to…

April 6, 2023 at 1:10 pm

Sentiment DeFi platform losses $1m to hacker on Arbitrum

Sentiment, a decentralized finance (DeFi) platform offering lending and borrowing services on the Arbitrum layer-2 network, was hit by a malicious exploit on April 4, resulting in a nearly $1 million loss. The attacker used a reentrancy bug in Balancer,…

April 5, 2023 at 1:54 pm

Top crypto lender (NEXO) sued for blocking a $126M user fund

Three investors sue Nexo for blocking them from withdrawing their $126 million crypto holdings.

November 22, 2022 at 10:00 pm

Binance declines investment in troubled crypto lender Genesis

According to recent reports, Binance has turned down an investment into Genesis. Due to the lack of funding, the troubled lender Genesis recently warned of impending bankruptcy. The recent FTX troubles have negatively impacted the general crypto community. Binance rejects…

November 22, 2022 at 2:30 pm

Credix Partners With Clave to Launch $150 Million Stable Coin Credit Pool

Belgium-based DeFi Credit platform, Credix is partnering with Clave to provide $150 Million worth of loans to serve Latin American businesses. Clave Collaborates With Credix on New DeFi Debt Pool Popular decentralized credit marketplace, Credix has announced a new alliance…

November 2, 2022 at 5:00 pm