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Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in the process of raising $100 million funding despite the ongoing crypto market crisis.Lead investors have already committed $50 million for Matrixport’s new funding round at a $1.5 billion valuation, Bloomberg reported on Nov. 25. The deal has yet
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"Bnk To The Future announces that its previously announced non-binding letter of intent with SALT Blockchain, Inc. (SALT) has terminated due to SALT’s position with FTX and for failing Bnk To The Future Due Diligence, and that the transactions contemplated thereby will not proceed," according to a statement. "Bnk To
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Transaction data on the blockchain shows that Sun withdrew the funds in four transactions processed Thursday. He moved $2.4 million of USDT, 2.1 million of USDC, $1 million TUSD and $673,000 in BUSD from the four available credit pools on the lending protocol. Source
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"BlockFi’s announcement, made on November 10, 2022, from its Twitter account @BlockFi, acknowledged that it cannot 'operate business as usual' given the 'lack of clarity on the status of FTX.com, FTX US and Alameda.' The DFPI is investigating BlockFi’s compliance with the laws within the Commissioner’s jurisdiction, including the California
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According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthogonal said through “due diligence” it “identified a number of key weaknesses” associated with Alameda. Orthogonal Credit Found ‘Key Weaknesses’ Tied
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Alameda Research has been a diligent user of decentralized lending protocols, originating hundreds of millions in uncollateralized loans so far. Its current outstanding debt on DeFi protocols, however, is rather small compared to earlier this year, meaning fewer investor funds are in danger if Alameda defaults on the loans. Source
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Following the loan default, Archblock (formerly TrustToken), which manages relations between lenders and borrowers on TrueFi, will join the liquidation process in an attempt to reclaim assets. At the time, when TrueFi originated the loan to Invictus, Archblock was the sole underwriter of the loan. Original Source
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Gibraltar Financial Services Commission (FSC) wants to bring decentralized finance lending and stablecoins into “sharp focus,” William Gracia, Head of distributed ledger technology (DLT) and markets at the FSC said at the country's affair on Tuesday. Gibraltar was hosting an event in central London to celebrate the progress of blockchain
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Nasdaq-listed lending fintech SoFi (SOFI) posted third-quarter revenue of around $424 million, a jump of over 55% from the corresponding quarter a year ago. Original Source
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press release PRESS RELEASE. Launching its much awaited V2 testnet on the Goerli chain today, UniLend team is looking to Revolutionise the Lending and Borrowing scene in the DeFi space. It is the first ever protocol which claims to “Make Every Digital Asset Productive”. Earlier, UniLend Finance CEO, Chandresh Aharwar had
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