Maple Finance's $54M of Sour Debt Shows Risks of Crypto Lending Without Collateral

2022-12-13 06:53

Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade. The project's MPL token has plunged, and depositors are likely to stomach big losses. Here's how it happened, and what comes next.

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Источник: coindesk.com

crypto lending → Результатов: 126

VersiFi hires ex-Genesis exec and secures $10m to revamp crypto lending

VersiFi appoints former Genesis executive Martin Garcia as co-CEO and secures $10 million in funding to drive crypto lending services.

2023-11-16 20:49	genesis
crypto lending versifi secures services co-ceo funding

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Swiss Bank Launches a Revolutionary Crypto Lending Solution

Dukascopy Bank has launched a crypto lending program, offering users access to 50% of their cryptocurrency's value in cash without requiring repayment, while retaining their crypto investments. The post Swiss Bank Launches a Revolutionary Crypto Lending Solution appeared first on BeInCrypto.

2023-10-17 16:45
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Coinbase Introduces Crypto Loan Service For US Institutions

Prominent crypto exchange Coinbase has launched a crypto lending service targeted at institutional investors in the United States. According to a Tuesday report by Bloomberg, the largest American exchange seeks to fill the void created by the collapse of crypto lending firms such as BlockFi, Genesis Global, Celsius, etc.

2023-9-7 02:30	SEC
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Thai SEC bans the use of customer crypto assets for lending and investment

Investor protection regulations have been under discussion since September 2022 amid the crypto lending crisis that saw firms such as BlockFi and Celsius declare bankruptcy.

2023-7-3 13:19	lending
crypto lending saw amid september 2022 crisis

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Thailand SEC Decides To Ban Crypto Companies Offering Staking And Lending Services

Thailand’s Securities and Exchange Commission (SEC) has recently decided to ban crypto companies from offering staking and lending services. The primary reason behind doing so was to safeguard traders from the potential risks that are associated with crypto lenders.

2022-9-16 04:00	Thailand
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Virginia Fairfax County Pours $70 Million Into Crypto Lending As Investment

The crypto winter brought more devastating impacts on some crypto lending platforms. There was a lot of battling by most lending firms to evade liquidation. Their turbulent waves created distrust, loss of hope, and funds for many investors.

2022-8-7 16:00
crypto lending evade liquidation battling firms turbulent

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Crypto lender Babel Finance halts withdrawals due to liquidity pressures

Hong Kong-based asset manager Babel Finance is the latest crypto lending firm to signal the growing crisis of the cryptocurrency lending industry amid the bear market.

2022-6-18 15:38	Bitcoin Price
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Is This Crypto Lending Company Any Good? Part 1

This article is the first in a series of how-to guides examining the CeFi lending landscape. Four of the top crypto lending companies, Celsius, Nexo, Crypto.com, and BlockFi, will be...

2022-5-19 19:16	nexo
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Crypto Market Forecast: Midweek Update 30th September

A mid-week summary of forward-focused crypto news that matters. Today, crypto companies reorganize after China's crypto ban, Coinbase halts plans for a lending product, and the dydx exchange hits trading volume records.

2021-10-4 17:00	BNC insights
crypto lending plans coinbase ban product halts

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Leading Japanese Messaging App, LINE, Launches Crypto Lending Services on BITMAX Exchange

LINE, the Japanese messaging app giant, is launching crypto lending services for its clients through its subsidiary crypto exchange, BITMAX. The news, which was first reported by CoinDesk Japan, highlighted that BITMAX users will be now be permitted the option of lending their crypto holdings to the exchange service, with BTC, XRP, ETH, BCH, or […] The post Leading Japanese Messaging App, LINE, Launches Crypto Lending Services on BITMAX Exchange first appeared on BitcoinExchangeGuide.

2020-10-8 22:11	Announcements
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A simple guide to DeFi vs. CeFi crypto lending and borrowing

The last two months in crypto have been heavily influenced by passive investing and lending. The post A simple guide to DeFi vs. CeFi crypto lending and borrowing appeared first on CryptoSlate.

2020-7-9 19:00	lending
crypto lending simple borrowing guide cefi defi

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DeFi Crypto Lenders - Who Offers the Highest Yield for Depositors?

An overview of several leading crypto lending platforms and the yields they offer.

2020-7-11 15:01	BNC insights
crypto lending leading several platforms yields offer

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Nexo Finance Rolls Out A New Lending Offering For Bitcoin & Ethereum, Now Offers Up To 10% Interest

Nexo, a leading player in the crypto lending sector, recently increased its crypto lending offering. The company, which was the first to offer instant credit lines with crypto as collateral, announced it had added BTC and ETH to its recently-launched Earn on Crypto products.

2020-6-26 03:26
crypto lending offering nexo lines products credit

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Crypto Lending API Has Been Released by Binance: Details

Crypto lending appears to be to be the 'next big thing' in the crypto industry. Binance is following this emerging trend by releasing its crypto lending API

2019-12-25 18:01
crypto lending binance api following emerging releasing

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Nexo Flexes DeFi Muscle With Rate Cut As Crypto Lending Accelerates

DeFi, and the wider crypto borrowing and lending segment of the market, has seen significant growth over the past year. Nexo has upped – or downed – the ante with borrowing rates reduced to 5.

2019-10-24 18:42	nexo
crypto lending nexo defi rate flexes borrowing

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Why Binance Crypto Lending Could Be a Bad Idea

Not a week goes by without the world’s most dominant crypto exchange launching a new service or incentive. This week has been no different with the announcement of a controversial crypto lending platform.

2019-8-27 15:00
crypto lending binance platform bad could idea

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Binance Teams Up Cred to Introduce Crypto Lending and Borrowing Services

Coinspeaker Binance Teams Up Cred to Introduce Crypto Lending and Borrowing ServicesBinance has joined forces with Cred, the leading platform for crypto lending and borrowing, to expand its ecosystem and support the decentralization of finance.

2019-5-31 11:24
crypto lending borrowing cred binance introduce teams

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Crypto Lending Services Coming to Australian Markets

Despite the ongoing bear market of 2018 crypto startups are still entering the market with new and innovative products. Australians are about to get their first taste of crypto lending services as a new company launched into the markets this week.

2018-12-5 16:00
crypto lending markets services australian market new

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U.S. SEC Opens Investigation into Salt Lending and Former Director Eric Voorhees

Shapeshift CEO Eric Voorhees and cryptocurrency loans startup Salt Lending Ltd. is under investigation by the U. S. Securities and Exchange Commission (SEC) concerning its $50 million ICO in 2017, per a Wall Street Journal article, published November 15, 2018.

2018-11-19 01:00
salt sec 2017 cryptocurrency ico eric investigation

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H&M and VeChain partnership is real, sort of. SEC opens up a probe into SALT, Eric Voorhees involved?

SEC opens up a probe into SALT, Eric Voorhees involved? Wall Street Journal recently relayed a story about the crypto loans company Salt Lending Holdings Inc. facing a probe from the US Securities and Exchange Commission over the project’s $50 million token sale.

2018-11-19 23:56	Crypto Journal
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SEC Investigating Crypto Company Salt’s $50M Sale

Salt Lending Holdings Inc. , a lender that uses cryptocurrencies as collateral, is under investigation by the Securities and Exchange Commission (SEC) for a roughly $50 million dollar ICO it held in August 2017.

2018-11-18 02:00	shapeshift
salt sec company sale investigating crypto 50m

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Erik Voorhees, Salt Lending Being Investigated by SEC, Report Says

Crypto loans startup Salt and its former CEO are said to be under investigation by the SEC, according to the The Wall Street Journal.

2018-11-16 15:10
sec salt journal said under investigation according

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Bitcoin Investors and Traders Are Evading Crypto Taxes with a Little-Known ‘Lending Loophole’

In a recent article published by Venture Beat a few days ago, there are some cryptocurrency traders that are avoiding taxes in their country. At the moment, every single crypto-to-crypto trade is considered a taxable event.

2018-11-14 18:27	News
beat venture bitcoin taxes traders considered event

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BGOGO exchange lists Libra Credit (LBA), announces LBA trading competition

Libra Credit (LBA) is a decentralized lending ecosystem that facilitates open access to credit anywhere and anytime based on the Ethereum blockchain. On November 14, a crypto exchange BGOGO announced it would list Libra Credit (LBA) on November 21, 10 PM EST.

2018-11-14 11:30
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Crypto-backed Lending Provider Cred Will Now Provide USD Loans Collateralized by XRP

Cred, the crypto-backed lending provider, will now provide loans in US Dollars which will be collateralized by the XRP, the native crypto coin of the Ripple network. Cred, the leading crypto-backed lender, provides over $300 million in credit facilities.

2018-11-9 18:29	ripple
xrp cred crypto-backed provide lending loans collateralized

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Revolutions and Counter Revolutions: Andreas Antonopoulos Reflects on 10 Years of Bitcoin

As Bitcoin approaches its 10th anniversary, its community, old and new, has begun taking stock of how a decade has come to alter or define the cryptocurrency — and what Bitcoin has done to alter or define the decade.

2018-11-7 19:56	Adoption & community
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Unchained Capital Revamps Loans With Multi-Party, Multi-Sig Storage

Blockchain financial service company Unchained Capital will now offer multi-signature and multi-institution cold storage solutions for borrowers who leverage its crypto-collateralized loans service.

2018-11-2 21:42	Investing
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BlockFi Blockchain Crypto Lending Platform Expands Services to the International Stage

BlockFi Expands Lending Services To The International Stage BlockFi, a blockchain-based platform backed by Galaxy Capital, is taking its lending services to the global market. The primary objective of BlockFi is to provide incremental liquidity for clients in the cryptocurrency space.

2018-11-1 01:28	News
blockfi services lending stage international platform expands

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BlockFi Announces Global Expansion of Its Crypto-Backed Loan Services

Galaxy Capital–backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience.

2018-10-31 17:17	Startups
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Nexo Shares Positive Testimonials From XRP Users One Week After Launching Lending Service

Crypto lending service Nexo became the first to accept Ripple’s XRP as collateral on October 22. By the end of that week, Nexo had listed a few of the happy testimonials it had received in a new blog post.

2018-10-29 19:49	ripple
nexo service lending week xrp testimonials received

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Company Uses Junk Bonds to Convert Aluminum Smelter into a Giant Mining Operation

Coinmint LLC is turning to junk lending in order to fund a massive new mining operation. The project will repurpose a now-closed industrial site. Coinmint LLC is in the midst of a project to transform an aluminum smelter into a massive crypto mining operation by turning to the debt market.

2018-10-29 16:00
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Uphold Joins Crypto Lending Platform Cred for New Lending and Earning Solutions

Digital payments startup Uphold has entered into a new partnership with crypto lending platform Cred to offer new lending and earning products. The post Uphold Joins Crypto Lending Platform Cred for New Lending and Earning Solutions appeared first on CoinSpeaker.

2018-10-23 15:23
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Genesis Global Trading Thinks Ethereum (ETH) Token Price Has Hit Its Bottom

Crypto Industry in Shock as Ethereum Reportedly Bottoms Out Genesis Global Trading, the crypto investment company targeting institutional investors, recently reported that the short interest for Ethereum had substantially declined by September 2018.

2018-10-22 21:58	News
ethereum short out crypto price eth global

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Crypto Payments Startup Uphold Launches Lending Products

Crypto payments startup Uphold is launching Earn and Borrow in collaboration with lending platform Cred.

2018-10-23 21:45
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The Daily: Huobi Unveils HUSD, New Cryptocurrency Loans Launch

It’s been a week for stablecoin stories in the crypto sphere, and while we’d like to have started the weekend on a different tack, Huobi’s effort was too intriguing not to share. We’ll also detail the latest cryptocurrency lending options in Saturday’s edition of The Daily and consider a topical Halloween costume for bitcoiners.

2018-10-21 00:05	XRP
cryptocurrency huobi daily launch husd unveils new

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Crypotonomic and Quantreq Partner to Create Insured Hot Wallet and Crypto Lending Desk

Quantreq Capital Markets, LLC is an international provider of crypto capital market services. It is also the first crypto fund-only administrator that has over a billion dollars in assets under administration.

2018-10-19 22:13	News
crypto quantreq cryptonomic capital services announced under

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Crypto OTC Broker Genesis Processes $553 Million in Institutional Lending in Six Months

Over Half a Billion Dollars Processed Through Genesis Global Trading Loan Spin-off Within First Six Months A new report on October 18th revealed that Genesis Global Trading has been experiencing a substantial amount of success this year.

2018-10-19 02:07	News
months six genesis trading within global 553

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New BitConnect Class Action Combines All Former Suits — And Targets Youtube

According to recent court documents, an Amended Consolidated Class Action Complaint has been filed at a U. S. District Court for the Southern District of Florida against BitConnect.

2018-10-19 22:58	Law & justice
bitconnect scheme suit against action new company

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NatWest to Become First Bank to Utilize R3 Corda Blockchain for Syndicated Lending

NatWest Announces Intentions to Become First Bank to Utilize Blockchain for Loans In a press release on October 18th, NatWest announced their intention to make some big changes to their bank, hoping to be a catalyst for progress in the financial and crypto industries as well. They now have the infrastructure in place to use […]

2018-10-18 19:59	News
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BlockFi Now Offers Litecoin and Gemini Stablecoin-Backed Loan Options

Crypto-to-USD lender BlockFi has announced that it will support loans backed by both Litecoin and Gemini’s recent stablecoin token GUSD. This is the first time the company is expanding to accept collateral in one of the crypto industry’s top-10 assets besides bitcoin and ether.

2018-10-16 16:07	Digital assets
blockfi gusd litecoin crypto company gemini bitcoin

547 +

PwC and Cred Partner to Develop Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

2018-10-8 21:30	Investing
crypto cred pwc schatt get offer bitcoin

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PwC and Cred Partner to Promote Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

2018-10-10 21:30	Investing
crypto cred pwc schatt get offer bitcoin

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Litecoin (LTC) Gets Support On SALT Crypto Lending Platform As Collateralized-Loan Option

Secured Automated Lending Technology [SALT] is a platform offering blockchain-based loan. Recently, the platform announced that it will be accepting LTC as collateral for the loans. The platform’s move is its first venture into the crypto-sphere.

2018-10-7 09:27	News
platform lending ltc salt crypto-sphere addition venture

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Poloniex Makes Shocking Announcement, Removes Margin Trading and Lending for US Customers

Circle-backed cryptocurrency exchange Poloniex is taking new strides to make its platform more professional and bring an improved trading experience to users. As part of the effort, Poloniex has shut down margin trading and lending products for its US customers.

2018-10-5 15:49	trading
poloniex trading customers lending margin exchange cryptocurrency

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VOIP Pioneer Says New Startup Is Paying Users Interest on Millions in Crypto

Led by Alex Mashinsky, crypto lending startup Celsius says it's paying thousands of users interest for depositing bitcoin and ether in its wallet app.

2018-10-6 15:30
users crypto paying interest startup says depositing

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What Prompted Poloniex to Abruptly Shutdown Crypto Margin Trading?

Poloniex, one of the oldest cryptocurrency exchanges in the market, has recently initiated the process of shutting down its crypto margin and lending products for US-based users. In an official announcement released on October 4, the Poloniex team stated: “By the end of the year, we’re taking steps to remove our margin and lending products.

2018-10-4 14:25	УС
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Poloniex Delists Three Assets, Removes Margin Trading and Lending Products

Poloniex to Remove Margin and Lending Products The recognized crypto exchange Poloniex, has decided to remove margin and lending products for U. S. -based customers. At the same time, the company has decided to delist three assets from its platform.

2018-10-3 20:07	News
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CEO Explains How SALT Blockchain Lending Is Back

Instead of mortgaging your house, you might be able to mortgage your crypto. SALT Lending, the first platform for blockchain-backed cash loans, announced its expansion to new states and countries earlier today.

2018-9-19 16:00	Financial Services
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BMW To Test Blockchain And Smart Contracts To Simplify Car Buying

BMW is partnering with blockchain startup Bloom to simplify the car buying experience, including streamlining the process of getting a car loan. “Bloom announces its collaboration with BMW Group Financial Services to streamline its customer journey and lending experience as part of the BMW Collaboration Lab 2018,” Bloom founder Shannon Wu wrote in a company blog last week.

2018-9-18 14:20
bmw car buying bloom simplify blockchain collaboration

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2022-12-13 06:53

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