Tags: Lending

The average APR offered by blockchain credit protocols is 9.65 compared to an average personal loan interest rate of 11.5, data shows.

Polemos co-founder Richard McLaren believes the future of blockchain gaming will involve gamers and developers renting out their in-game NFTs for profit.

Under the proposed plan, Gemini Earn users may only recover 61 of their lost funds in a worst-case scenario.

The DeFi lending and borrowing protocol has confirmed it was affected by a malfunctioning Binance price oracle but confirmed user funds were safe.

OKX and Bybit Capitalize as Binance’s Market Share Declines + More News

The closed fund will offer investors a 5 yield in Bitcoin and lend funds in BTC to institutions.

The protocol will expand to liquid staking and layer-2 solutions while retaining its NFT lending services.

Through a software upgrade, Umee UX Chain code will be implemented on Osmosis, combining the two networks.

The settlement between the crypto lending firm and the FTC was first announced in October and does not resolve former CEO Stephen Ehrlich’s pending case with the CFTC.

The lending firm has been in bankruptcy court since its Chapter 11 filing in 2022, while the SEC filed a lawsuit against both the firm and former CEO Alex Mashinsky in July.

Recovery from the crypto winter is proceeding, but Hodlnaut won’t survive it. A sealed court order in Singapore appears to spell its doom.

The decision ends the complex case with a creditor-approved plan that will see their partial reimbursement and make them shareholders in a new company.

BlockFi announced that it is allowing both U.S. and international users to submit withdrawal requests.

MultiChainZ chief operating officer Aanchal Thakur believes that cross-chain lending platforms will open users up to more liquidity.

The legal action followed reports staff at the commission had completed an investigation concluding Stephen Ehrlich violated U.S. derivatives regulations.

September was the biggest exploit month in DeFi, with over $300 million in losses, taking the crown from August.

Following the lending firm’s bankruptcy filing in July 2022, U.S. officials were reportedly considering taking action against Stephen Ehrlich for violating derivatives regulations.

Spurred on by user requests, Bitcoin lending firm Ledn is rolling out an Ethereum yield product.

Curve Finance founder Michael Egorov still has a debt of $42.7 million across four protocols, including Silo, Fraxlend, Inverse and Cream.

The interim judicial managers of Hodlnaut argued that the $30 million offer of FLEX tokens is “illiquid” and has “speculative value.”

In January, Genesis Global Capital announced it would eliminate its crypto spot trading services “voluntarily and for business reasons” without additional details.