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” Voyager can’t guarantee all customers will receive their crypto under proposed recovery plan “ Following Voyager Digital filing for bankruptcy on Tuesday, the crypto lending firm said its recovery plan was aimed at preserving customer assets but did not explicitly state it would be able to return all equivalent funds to affected users. In…
” Aave to launch overcollateralized stablecoin called GHO “ Decentralized finance (DeFi) giant Aave has unveiled plans to launch an overcollateralized stablecoin called GHO, subject to the community DAO’s approval. The announcement was made by Aave Companies — the centralized entity supporting the Aave protocol on its Twitter page on July 7, stating: “We have…
” Bombshell allegations of fraud as KeyFi takes Celsius to court “ Staking software and investment firm KeyFi Inc. has filed a complaint against beleaguered crypto-lending firm Celsius, alleging the company had been operating in a Ponzi-style fashion and that it failed to honor a profit-sharing agreement “worth millions of dollars.” The complaint, filed on…
” Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan “ Days after pausing trading, withdrawals and deposits, crypto exchange Voyager Digital is filing for bankruptcy under Chapter 11 in the Southern District Court of New York. Voyager’s Chapter 11 bankruptcy filing indicated that it is on the hook for anywhere from $1 billion…
” BlockFi announces deal with FTX US, including ‘option to acquire’ for $240M “ FTX US has inked a deal with BlockFi that will give the crypto derivatives exchange the option to purchase the lending firm. In a Friday Twitter thread, BlockFi CEO Zac Prince said the crypto lending firm had signed agreements with FTX…
” Contagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model “ It’s been another day of watching the ripples of contagion spread through the crypto market. With Three Arrows Capital being ordered into liquidation by a British court, details have also emerged today of BlockFi liquidating a $1B loan to 3AC, and the…
” Lending network enables transparent credit history in Africa via blockchain partnership “ African mobile banking platform Aella has partnered with Creditcoin Network to make credit histories transparent cby integrating all its transactions into Creditcoin’s public blockchain. In an announcement sent to Cointelegraph, Creditcoin said that all Aella’s credit transactions will be recorded on the…
” Surprise twist as BlockFi receives Money Services License in Iowa “ Just two weeks after being fined by Iowa’s regulators for offering and selling unregistered securities, crypto lending platform BlockFi announced on June 28 thait has received a Money Services License in the state. The Iowan license will allow the crypto lender to receive…
” CoinFLEX recovery plan includes tokenized bad debt and more yields “ Crypto investment platform CoinFLEX aims to rectify its liquidity shortage and restart user withdrawals by selling off bad debt through a new $47 million token offering. The new token is known as Recovery Value USD (rvUSD) and will be worth $1 each. It…
” ‘Smear campaign’: Nexo responds to accusations of stealing donations, siphoning funds from charity “ Cryptocurrency lending platform Nexo has hit back at what it called “fake news” and rumors that its founders were part of a charity embezzlement scandal, saying the claims are untrue and defamatory. It has issued a public cease and desist…