Lending

Lending

Finance

Bankrupt Crypto Lender Celsius Now Says It Likely Has Enough Cash to Last Through End of Year

The chief financial officer said during a bankruptcy hearing the company will receive additional funds via maturing loans, and sales and use tax savings.

Celsius participated in a call with its creditors on Friday. (Unsplash)

Finance

Solana’s Biggest DeFi Lender Is Leaning Into 'Permissionless' Loan Markets

These “permissionless pools'' don't have any of the safeguards afforded to Solend’s whitelisted markets. That’s by design.

(Danny Nelson/CoinDesk)

Finance

Crypto Lender Nexo Sues Former Director Over $7.9M Trading Loss: Report

Nexo was locked out of a BitMEX account connected to its former director, resulting in $7.9 million in losses.

Antoni Trenchev Co-Founder Nexo (Shutterstock/Coindesk)

Tech

DeFi Firms Iron Bank, Yearn Finance Join Layer 2 Protocol Optimism

Developers of the DeFi protocols said companion blockchain networks offer improved security and capital efficiency for users.

After weeks of delays, the VanEck Bitcoin Strategy ETF is ready to launch. (Unsplash, modified by CoinDesk)

Finance

Crypto Lender Hodlnaut Applies for Creditor Protection in Singapore

Hodlnaut is looking to appoint a judicial manager to avoid liquidating customer assets at a loss.

Singapore Skyline (Swapnil Bapat/Unsplash)

Finance

Maple Finance, a DeFi Platform for Institutional Lending, Unveils $40M Liquidity Pool

The pool is backed by crypto-native investment firm Maven 11.

Sid Powell, CEO of Maple Finance (Maple Finance)

Finance

Crypto Lender Hodlnaut Freezes Withdrawals, Citing Market Conditions

The firm also pulled out its application to be regulated in Singapore.

CoinDesk placeholder image

Finance

Lender Babel Finance Lost $280M Trading Customer Funds: Report

The firm is looking to convert hundreds of million in debt into equity after a series of trading losses.

Flex Yang, co-founder of Babel Finance (Babel)

Layer 2

Sky-High Yields and Bright Red Flags: How Alex Mashinsky Went From Bashing Banks to Bankrupting Celsius

How could Celsius Network pose “much less risk” than banks, as its CEO claimed, but pay eye-popping returns? It sounded too good to be true. There were other warning signs from the start.

Celsius CEO Alex Mashinsky (Piaras Ó Mídheach/Web Summit via Sportsfile)

Finance

Coinbase, Kraken Back Crypto Lending Platform CLST Seed Round

CLST's aim is to attract hedge funds, trading firms, asset managers and banks looking to lend and borrow digital assets.

Unizen has received $200 million from alternative investment group Global Emerging Markets. (Shutterstock)