Lending

Lending

Finance

Crypto Lending Firm Ledn to Acquire Canadian Fund Manager Arxnovum

With the deal, Ledn will be able to offer more types of investments.

Toronto, Ontario, Canada (Jan Web/Unsplash)

Markets

DeFi Platform Ribbon Finance's Unsecured Lending Product Sees Crypto Firms Folkvang and Wintermute Borrow Over $10M

Ribbon's Lend, which went live on Monday, allows institutions to borrow funds without having to lock in collateral.

Ribbon's unsecured lending product, Lend, went live on Monday. (Pixabay)

Finance

Crypto Loans Are Booming in Latin America Amid Runaway Bank Rates and Inflation

The traditional banking system and economic instability are making it difficult for Latin Americans to get credit, but crypto lending is thriving across the region.

Las tasas para los préstamos de los bancos tradicionales aumentaron exponencialmente, lo que potenció el crecimiento de plataformas de préstamos cripto. (Unsplash)

Finance

Bankrupt Crypto Lender Celsius Network's CEO, Alex Mashinsky, Resigns

Celsius' CEL token is trading 8% lower following the announcement.

Alex Mashinsky, founder and CEO of Celsius Network, at Consensus 2019 in New York (CoinDesk)

Policy

California, New York Join Several States Ordering Crypto Lender Nexo to Halt Yield Product

Seven states have ordered a halt to Nexo’s “Earn Interest Product” accounts, accusing the company of improperly offering unregistered securities.

Kalin Metodiev, co-founder and managing partner of Nexo (Shutterstock/CoinDesk)

Finance

Co-Founder of Failed Crypto Exchange QuadrigaCX Starts DeFi Protocol UwU Lend

The new platform released by Michael Patryn has already secured $57.5 million in total value locked.

Long-term holders spend BTC. (Unsplash)

Finance

DeFi Platform Maple Finance Aims to Help Struggling Bitcoin Miners With $300M Lending Pool

The DeFi platform is launching its first fully collateralized, industry-specific lending pool with up to 20% interest rate as bitcoin miners are finding it tough to raise capital.

A Bitfarms mining facility in Washington State. (Eliza Gkritsi/CoinDesk)

Finance

DeFi Lender Compound Takes Bite of Institutional Crypto Loans Pie

Compound will take bitcoin as collateral against stablecoin loans made by institutions.

(Shutterstock)

Markets

Crypto Lender Maker Turns to Staked Ether to Reduce USDC Influence

The development is part of a move away from centralized crypto products such as stablecoins.

Venture capital firm Variant commits $450 million to its third crypto-focused fund. (Horst Schwalm/Pixabay)

Finance

Hodlnaut Judicial Managers Weigh Unwinding Crypto Lender's Assets Before Ethereum Merge

The court-appointed managers of Hodlnaut in Singapore say they are concerned about incorrect pricing being relayed to smart contracts after the blockchain's software upgrade.

Hodlnaut may unwind assets ahead of the Ethereum Merge. (Paxson Wolber/Unsplash)