Crypto Lending


Finance

Solana’s Biggest DeFi Lender Almost Got Rekt. Then Binance Stepped In

Solend’s whale crisis rattled depositors and threatened to crash Solana. Can the lending protocol recover?

(State Library of New South Wales/Wikimedia Commons)

Finance

Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows

FTX’s $250 million credit facility offer – if inked as initially proposed – stood to effectively wipe out all BlockFi shareholders, including Morgan Creek Digital, the firm told its investors.

Mark Yusko, founder of Morgan Creek Capital Management, speaks at Consensus 2018. (CoinDesk archives)

Finance

Goldman Sachs Leading Investor Group to Buy Celsius Assets: Sources

The Wall Street firm is seeking $2 billion in commitments from investors to buy distressed assets at steep discounts if the crypto lender goes bankrupt.

Goldman Sachs is said to have an eye on Celsius. (Chris Hondros/Getty Images)

Videos

BlockFi Receives $250M Credit Facility From FTX

Crypto lending platform BlockFi secured a $250 million revolving credit facility from FTX. BlockFi CEO Zac Prince notes the move “bolsters our balance sheet and platform strength," and added that "the proceeds of the credit facility are intended to be contractually subordinate to all client balances across all account types (BIA, BPY & loan collateral) and will be used as needed."

Recent Videos

Finance

Crypto Lender Celsius Says Its CEL Token Faces ‘Regulatory Risks’

Lost keys, stolen coins, failing chains – and now regulation – could affect CEL, a Celsius Network disclosure form said.

The Celsius both at Bitcoin Miami 2022 (Danny Nelson/CoinDesk)

Finance

Crypto.com Tells Loan Customers in 'Excluded' Countries to Repay by March 15

Customers in “excluded jurisdictions” must close their loans before Crypto.com does it for them.

(Dim Hou/Unsplash)

Videos

BlockFi Will Register Its Lending Product With SEC as Part of $100M Settlement

Crypto lender BlockFi will move forward with registering its high-yield crypto-lending product with the agency as part of its $100 million settlement deal with the U.S. Securities and Exchange Commission (SEC). "How are we actually promoting innovation?" Jenn Sanasie asks, adding that companies receive no protections from the government agency. Plus, "The Hash" team discusses SEC Commissioner Hester Peirce's response.

Recent Videos

Finance

‘DeFi 2.0’ Platform JellyFi Raises $4.4M Seed Round

Over-collateralized lending reigns supreme in DeFi. JellyFi wants to change that.

(Jose G. Ortega Castro/Unsplash)

Finance

Crypto Lender Nexo Teams Up With Fidelity to Offer Products for Institutional Investors

The deal gives clients of Fidelity Digital Assets access to Nexo’s crypto prime brokerage.

Pedestrians pass a Fidelity Investments office in Boston, Ma

Markets

Crypto Lender Celsius Admits Losses in $120M BadgerDAO Hack

However, the company didn’t specify the amount it lost.

Celsius CEO Alex Mashinsky (CoinDesk archives)