Deutsche Bank shares plunged on Friday, along with the stocks of other European banks, amid investor concerns over the stability of the global banking sector. The drop comes in the aftermath of the recent emergency rescue of Credit Suisse and follows losses in U.S. banks on Thursday.
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Voyager had 10 different loan sheets with Alameda at the time it filed for bankruptcy, the filing said. In various filings in September and October 2022, Voyager claimed it held FTT (an exchange token issued by FTX) and SRM (the token for the Serum protocol) as collateral for loans made 446MAlamedaBankruptcyCryptoLendersPaidRecoverSeeksVoyager Read More
Before the market downturn, lending was big business for the crypto industry. Celsius, sometimes called a “neobank,” accrued over $11 billion assets on its platform. BlockFi, which recently filed for Chapter 11 bankruptcy protection, had been valued at $3 billion just last year. Genesis, a Wall Street-facing firm owned by BlowingCryptoLenders Read More
Another bitcoin mining company is dealing with financial issues as Iris Energy’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) shows the company could face default on two loans. Iris Energy’s Form 6-K filing explains to the SEC that the firm “received a notice from its lender BitcoinClaimDefaultedEnergyEquipmentIrisLendersLoansMillionMinerMiningNewsWorth Read More
Well, Morpho has a thorny relationship with its pool-oriented peers. It relies on Aave and Compound pools when individual borrowers and lenders can’t be matched, but Morpho also hopes to siphon money from the pools into its own protocol. “The system is not generating more rewards,” says Frambot, “Aave users BorrowersDeFiLendersReuniting Read More
According to the statement, a particular risk of the Merge, which looks set to go ahead on Thursday, relates to so-called pricing oracles, which feed data to the smart contracts that govern DeFi protocols. The Merge may lead the oracles to "give out erroneous prices during the transition," leading smart AssetsCryptoEthereumHodlnautJudicialLendersManagersMergeUnwindingweigh Read More
“Within the next decade, debt capital markets will be on-chain and democratized," wrote Credix founder and CEO Thomas Bohner in a Medium post. Credix is building the infrastructure to enable this at scale — we’re developing a next-generation credit platform matching institutional investors and FinTech lenders."
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Lending protocol BendDAO has run out of Wrapped Ether (wETH) in its contract. At the time of writing, the contract only has 15 WETH to pay lenders, and an estimated 15,000 Ether (ETH) left to be paid to lenders. Researcher NFTStatistics.eth dissected the issue in a Twitter thread, highlighting that NFT BendDAOContractDrainedETHLeftLendersOvernightpay Read More
"This delay principally relates to the Company’s ongoing negotiations of potentially material transactions with its lenders to restructure or refinance certain financing agreements in order improve the Company’s financial position, and for the Company to be able to continue as a going concern for at least the next 12 months," BitcoinDebtDigitalLendersMinerNegotiationsRestructuringStronghold Read More
Among oddities, said Cradle, was an onboarding session with a customer at which the Celsius chief financial officer said the company did not engage in trading. “That just didn’t make any sense to me,” said Cradle, noting Celsius had a trading desk and a head of trading.
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