Amid crypto winter, Nexo commits additional $50M to buyback program
The Bitcoin lender has sought advice from Citigroup on how to acquire distressed crypto firms amid the bear market.
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Maven 11 launches $30M lending pool on Maple as borrowers turn to DeFi
With liquidity drying up in the wake of CeFi contagion, borrowers are turning to decentralized finance for their credit needs.
DeFi needs a ‘killer app’ to go next level, says Ripple exec
A panel at the Blockchain Futurist Conference was asked about the future of decentralized finance and what was needed to be done to bring about mainstream adoption.
Report Shows Crypto Startups Raised $30.3 Billion in H1 2022, Exceeding Total Raised in 2021
While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by…
Celsius bankruptcy filings show a company in deep trouble
The bankrupt CeFi crypto lender is about $1.2 billion in deficit, with the majority of its liabilities being customer deposits some believe they may not be required to give back.
Keys lost in the Vauld: Singapore crypto exchange freezes withdrawals
Not your keys, not your coins. Crypto CeFi lender Vauld has suspended "all withdrawals, trading and deposits."
USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per…
Nexo offers to buy out Celsius’ loans amid withdrawal suspension
Nexo platform could rescue Celsius' customers after “what appears to be the insolvency of the Celsius Network.”
Celsius Has Paused Customer Withdrawals
The development follows weeks of rumors that the crypto lender could face insolvency issues due to the decline in the crypto market. Celsius Customers Blocked From Accessing Funds Celsius appears...
CeFi interest on the wane: Will BlockFi, Ledn and Nexo rates trend lower?
Cointelegraph spoke to CeFi leaders to understand where interest rates are going and what the future holds for CeFi.