In an email to clients, BlockFi admits significant exposure to FTX, says it has engaged financial advisers and that its aim is “maximizing value for all of our clients.” In its first communication to customers since it paused withdrawals, BlockFi says it is “deeply saddened to see the devastation that is cascading across an industry […]
BlockFi: Hiring Advisers, Says Goal Is “Maximizing Value” For Clients Read More »
Crypto finance platform Coinloan has announced it has begun the process of delisting a range of once-popular DeFi tokens due in part to insufficient demand. Estonia based Coinloan says the delisting of the DeFi assets will start immediately and will be completed by June the 5th. It blames low customer demand and “other business considerations”
Coinloan Delists DeFi Tokens UNI, COMP, SUSHI, YFI and AVX Read More »
From May 1st BlockFi has announced a major review of its interest rates – both up and down. In an announcement to account holders in late April, BlockFi says its deposit interest rates for BlockFi Interest Account (BIA) holders will be decreasing for stablecoins and several major cryptocurrencies including Bitcoin and Ethereum. At the same
BlockFi Overhauls Interest Rates – Up and Down Read More »
The ripple effect of February’s $100 million BlockFi settlement with the SEC continues, with Celsius Network ending its Earn product for new unaccredited investors in the US In an email to its users on the 16th of April, Celsius Network has advised that effective immediately it will no longer offer an ‘Earn’ product for unaccredited
Celsius Stops ‘Earn’ Product For US Customers Read More »
RociFi, a decentralized zero and under-collateralized lending protocol, has announced completing a seed funding round of $2.7 million USD (closed in November 2021) from Arrington, Goldentree, Nexo, LD Capital and Skynet Trading. RociFi’s decentralized lending protocol is designed to facilitate zero and under-collateralized loans for institutional and retail DeFi borrowers. RociFi has developed a protocol
RociFi Raises $2.7M In Seed Funding To Lend Money To Anonymous DeFi Users Read More »
Crypto Lending Volatility Scale Updated March 27th 2022. Interest rate volatility for deposits is a critical factor when choosing a platform to lend your cryptocurrency to. This Mooloo report shows the interest rate volatility of all the major crypto finance platforms and assets. The volatility scale measures the percentage increase or decrease of an
Crypto Lending Interest Rates Volatility Scale Read More »
In the wake of the recent $100 million BlockFi settlement with the SEC and as the wider crypto-lending sector considers how to respond, Nexo has moved quickly – announcing it will no longer offer interest-bearing accounts for new U.S. customers. The news that New York-based BlockFi had settled with the SEC for $100 million is
Nexo Ceases Offering Earn Product to New U.S. Customers Read More »
Mooloo data reveals deposit interest rates from popular DeFi platform C.R.E.A.M are consistently the most volatile across the crypto-finance sector. Although many consider the Decentralized Finance (DeFi) sector as poised to take on legacy financial services markets, data gathered by Mooloo throughout 2021 shows the level of interest rate volatility amongst DeFi platforms continues to
Defi Platform C.R.E.A.M’s Interest Rates Are Consistently Crypto’s Most Volatile Read More »
In a groundbreaking move for the crypto finance sector, Nexo has announced it will begin accepting NFTs as loan collateral. The move by Nexo further integrates NFTs into the crypto finance sector in a way that recognises their value as financial instruments with wider application than just as collectables. Although only NFTs from the two most
Nexo Accepts NFTs as Loan Collateral Read More »
In its first external funding round, New York based crypto finance platform Gemini has announced $400 million in new investment from venture capitalists and other investors. The growth equity round has been led by Morgan Creek Digital with Marcy Venture Partners, 10T, ParaFi, Newflow Partners also contributing. Also noteworthy is the presence of the Commonwealth
Gemini Scores $400m for Global Expansion Read More »
