Cryptocurrency Analysis and News Portal
Centralized crypto lender BlockFi disclosed that as of the end of Q2, it had $1.8 billion in outstanding loans from institutional and retail investors and $600 million in “net exposure.”The disclosure came from its July 21 Transparency Report for Q2 where the firm outlined its risks relating to liquidity and
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“Ever since the black swan events surrounding the crypto space, Zipmex has retrieved the majority of our funds and assets that were historically deposited with our deployment partners and have been actively working to resolve the situation for the remaining outstanding assets,” according to the statement. Source
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Users of the platform will be able to use MakerDAO’s stablecoin, DAI, as collateral and withdraw up to one million nuARS, a stablecoin tied to the Argentine peso, the company said in a statement. At the current exchange rate, the maximum amount is equivalent to $3,333. Original Source
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Crypto lender Genesis lent $2.36 billion in loans to the now insolvent Singapore-based fund Three Arrows Capital. Source
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Repossessing used cars is one thing, but a lender may find it hard to know the right jurisdiction to lay claim to a Bored Ape owned by “MoonBoiBallz99.” Source
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Cryptocurrency exchange Blockchain.com stands to lose $270 million from lending to Three Arrows Capital, the over-leveraged hedge fund that is now the subject of a liquidation order in the British Virgin Islands. Original Source
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A Dune analytics platform user has found that more than $18.5 million worth of Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) Nonfungible tokens (NFTs) have been marked as stolen or flagged for suspicious activity on Opensea to date. According to data from Dune, a user known as
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Celsius (CEL) has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the beginning of the month, signaling that the troubled crypto lending platform was trying to stave off a complete collapse amid credible rumors of insolvency. Since July 1, Celsius has repaid $142.8 million worth of
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Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, which quotes the co-founder of mining company Luxor Technologies, Ethan Vera, says that roughly $4 billion in loans backed
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The loan will be in two parts. The first is a cash/USDC-based credit facility with an aggregate principal amount of $200 million. The second revolving credit facility is for 15,000 BTC. Voyager will only use the credit facilities if needed to safeguard customer assets, the broker said in a statement
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