Cryptocurrency Analysis and News Portal
The 56 million shares, with a current value of around $577 million, are the subject of a complex tussle between BlockFi, bankrupt crypto exchange FTX, FTX founder Sam Bankman-Fried, the Antigua-based liquidators of the shell company that nominally owned the shares and the U.S. Department of Justice (DOJ). Source
Read More
High Efficiency Mode, also called eMode, allows users to capitalize on the highest borrowing power out of their collateral for correlated assets. Users can now leverage larger amounts of assets like wstETH (wrapped staked ethereum) and stake it on the Ethereum blockchain for rewards. Source
Read More
“I have sufficient funds on hand to pay Genesis the sums allegedly owed, and I’m happy to pay what I actually owe,” wrote Ver, who now advocates for the Bitcoin Cash (BCH) blockchain. “However, Genesis was required by our agreement to remain solvent – as Genesis can’t ask its clients
Read More
In addition to paying fines, Nexo will reportedly cease its unregistered lending product to all US investors. Crypto-lending firm Nexo has agreed to pay fines of $45 million to the Securities and Exchange Commission (SEC) for violating federal securities law. According to the regulatory agency, Nexo failed to register its crypto asset lending
Read More
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to support its ongoing business operations and facilitate the restructuring process.” Genesis’ Bankruptcy Filing Genesis Global
Read More
Cryptocurrency lender Genesis has filed for Chapter 11 bankruptcy in the Southern District of New York.The firm has estimated liabilities of $1 billion to $10 billion and assets in the same range, according to the Jan. 19 filing.Earlier reports claimed the company had been considering filing for bankruptcy protection if it
Read More
Vauld has received bids from two digital asset fund managers to take over the beleaguered lender after talks with Nexo broke down. Original Source
Read More
Embattled crypto lending platform Vauld one more time gets the period of creditor protection from a Singapore court. The company should come up with a revival plan before Feb. 28. As reported by Bloomberg on Jan. 17, Vauld has been granted more than a month to close its negotiations with one
Read More
Crypto exchange Uphold has denied owing around $784 million to the liquidation trust of bankrupt crypto investment platform Cred.At a court hearing on Jan. 11, Uphold filed a motion to dismiss all counts in the suit served against the firm by Cred in June 2022.Cred was a crypto lending service
Read More
Voyager attorney said that the Binance.US deal is in the best interest of Voyager’s creditors and would help them get their crypto back much faster.On Tuesday, January 11, bankrupt crypto lender Voyager Digital received initial approval to sell its assets to Binance.US in a proposed $1 billion deal. In New
Read More