In a significant development, Nexo, a prominent player in the crypto lending space, has discontinued its practice of providing real-time audits of its assets and liabilities. The move comes amidst the broader context of audit firms withdrawing from the crypto sector and raises concerns about the transparency and risk management of crypto investments overall. Nexo’s […]
Nexo Ends Real-Time Audits: Is It Still Liquid? Read More »
In an email to clients, BlockFi has announced the commencement of estate withdrawals and further details of its distribution partners. The email from BlockFiBankruptcyNoticing@noticing.ra.kroll.com (Kroll is BlockFi’s official distribution agent), advises that Kroll will be working with Digital Disbursements, a third-party payment provider, to provide account holders with a distribution of their BlockFi Wallet assets. The
BlockFi Begins ‘Estate’ Withdrawals – Recovery Efforts Continue Read More »
Leading lending protocol Solend has announced the launch of Suilend on the Sui Network, marking its first foray outside the Solana ecosystem. This expansion leverages Solend‘s DeFi experience, where it has amassed over $200 million in total value locked (TVL) and supports more than 70 assets across its 170,000+ user base. The move to Sui indicates
Solend Introduces Suilend on Sui Network: A Strategic Move into DeFi Lending Read More »
Crypto lending and crypto staking, what are the mechanisms, benefits, risks, and strategic considerations of these two prominent methods of earning yield from crypto? This comprehensive exploration aims to equip investors with the knowledge to navigate the crypto finance landscape effectively. Understanding Crypto Lending and Staking In the volatile realm of cryptocurrency, innovative avenues for
Crypto Savings Accounts: Where to Earn the Highest Interest on Your Digital Assets Read More »
In the dynamic world of cryptocurrency, the advent of Crypto Loans has introduced a novel avenue for financial flexibility and investment strategy. This article will explore the key risks and advantages of Crypto Loans. Unlike traditional banking systems, crypto loans offer a bridge between the burgeoning potential of digital assets and the liquidity needs of
Navigating Crypto Loans: Choosing the Right Blockchain Platform for Borrowing Read More »
The Nexo collaboration with Sift aims to safeguard digital assets, identify fraud, and streamline transactions on the Nexo platform. Nexo has announced a strategic partnership with Sift, a digital trust and safety company. This collaboration aims to enhance Nexo’s security measures and streamline the user experience across its platform. To bolster its defense against fraudulent
Nexo Ups Security & User Experience with Sift Partnership Read More »
Celsius says it has exited bankruptcy on January 31st and has begun distributing over $3 billion in cryptocurrency and fiat to account holders and other creditors. PayPal and Coinbase will act as distribution partners as there will be no distributions from the Celsius app. The restructuring plan, receiving overwhelming support from about 98% of Celsius’
Celsius Out Of Bankruptcy, Begins Distributing Funds – Client Receives 32% Refund Read More »
In a significant move within the cryptocurrency loan sector, Nebeus has announced the launch of its new crypto-backed loan program, injecting €250 million in liquidity. Nebeus says the program is designed to cater to both individual and corporate clients and will offer competitive low-interest rates, allowing users to leverage their cryptocurrency assets for tangible financial
Nebeus Launches €250 Million Crypto-Backed Loan Program Read More »
Nexo seeks $3 billion in damages from Bulgaria in ICSID arbitration after Bulgarian prosecutors dropped all charges in a case against the company that marred its activities for most of last year. Nexo AG, along with its subsidiaries, has launched a $3 billion arbitration claim against the Republic of Bulgaria, alleging wrongful and politically motivated
Nexo Hits Back Against Bulgarian Government Read More »
Crypto restaking has emerged as a novel method for yield generation and looks set to gain momentum and value in 2024 – so what is it and how do you get started? While standard crypto staking does offer some attractive interest rates, what if you could do even more with your Ethereum? For example, use
What Is Restaking? Read More »
