Genesis Global secures court approval for $3B payout

According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCGs equity stake.

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Aave DeFi Lender Surpasses $40 Billion in Onchain Value Locked

DeFi Protocol Aave Hits Record High Total Value Locked Decentralized finance lending platform Aave has surpassed its all-time high in Total Value Locked (TVL), reflecting growing interest in DeFi applications. Aave’s TVL has skyrocketed, highlighting the increasing adoption of DeFi protocols by users seeking alternative financial services. The platform’s success underscores the important role DeFi [...]

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DeFi Lender Nostra Halts Borrowing Due to Price Feed Error

The lending platform Nostra has recently encountered a significant issue with its price feed, impacting the service it provides to users. This disruption has raised concerns among borrowers and lenders utilizing the platform. The critical price feed problem has led to uncertainty and confusion regarding the accuracy of asset prices and the resulting loan-to-value ratios. [...]

The post DeFi Lender Nostra Halts Borrowing Due to Price Feed Error appeared first on Crypto Breaking News.

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BlockFi to provide over $100K in refunds to California clients

Bankrupt crypto lender BlockFi has agreed to refund more than $100,000 to California customers that had continued to repay loans even after a trading halt on Nov. 10 last year.  According to a March 27 statement from California’s financial watchdog, the Department of Financial Protection and Innovation (DFPI), its investigation discovered at least 111 borrowers [...]

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Celsius Creditors Accuse Wintermute Of Manipulative Wash Trading Scheme

Creditors of the bankrupt crypto lending firm Celsius Network recently amended their lawsuit to accuse Wintermute, a major crypto market maker, of participating in a [...]

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SEC Agree To Waive BlockFi’s $30M Fine On One Condition

Troubled crypto lender BlockFi got a major relief after the SEC agreed to spare the $30 million penalty it owed to the commission. The amount is the remainder of the $50 million fine that must be paid to the SEC for failing to register with the regulator for the offering and sale of its crypto […]

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JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’

JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people “should be prepared for rates going higher from here.” The billionaire banker also discussed the potential for [...]

The post JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’ appeared first on Crypto Breaking News.

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NovaWulf Digital Management To Buy Celsius’ Lending Operations

Bankrupt cryptocurrency firm Celsius has found a buyer after reaching a deal with investment firm NovaWulf Digital Management. What: Crypto lending company Celsius Network has [...]

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Binance and Huobi freeze $1.4M in crypto linked to North Korean hackers

The North Korean-based hacker outfit Lazarus Group resorted to different privacy mixers attempting to anonymize the stolen funds, but it didn’t work.

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Elliptic Reports that Blender Rebrands as Sinbad

Elliptic has reported that Blender was rebranded as Sinbad and is being used by the Lazarus Group to launder funds.

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Nexo Halts Earn Interest Product for US Customers

Following Nexo’s settlement with US Securities and Exchange Commission (SEC), and the North American Securities Administrators Association (NASAA), the lending

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Did Tether Really Borrow $2 Billion From Celsius?

Stablecoin issuer Tether has denied claims that it borrowed $2 billion from failed cryptocurrency lender Celsius, following a nearly 700-page report filed on Tuesday, January [...]

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Celsius Allows Its ‘Eligible’ Users To Withdraw Nearly 94% Custody Assets

The court has given Celsius, the well-known cryptocurrency lender, permission to distribute 94% of each user’s eligible assets. Regarding this, a 1,400-page document was submitted to the bankruptcy court in New York. The company has underlined the names of the qualified clients in this document. This document was submitted on behalf of the bankrupt company […]

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Which Crypto Lender Spent $558 Million On Its Own Coin

Celsius Network, co-founded by serial entrepreneur Alex Mashinsky, spent at least $558 million purchasing its own token, CEL. According to the latest filing, the cryptocurrency [...]

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BlockFi Can Take Action To Rescue Itself From Bankruptcy – Will It Be Enough?

BlockFi, the cryptocurrency lender that declared bankruptcy following the FTX collapse, has been approved by the New Jersey bankruptcy court to auction its crypto mining [...]

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Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May

A lawyer for Genesis is optimistic it can resolve creditor disputes before the week is out while the firm could exit bankruptcy proceedings in four months.

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Nexo Reaches Deal With Authorities Over Internet-Paying Products

Cryptocurrency lender Nexo has suffered a myriad of challenges of late, but is managing to beat one of them. In the most recent development, the [...]

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BTC hashrate hits ATH second time in 7 days, difficulty expected to grow 9%

Bitcoin (BTC) hashrate rose 20% to a new all-time high on January 12 — the second time the hashrate increased to a new ATH in the last seven days.

The post BTC hashrate hits ATH second time in 7 days, difficulty expected to grow 9% appeared first on CryptoSlate.

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What is happening at Nexo? Crypto lender’s offices raided | Invezz

What is happening Nexo? Crypto lender raided Crypto lender Nexo had its offices raided in Bulgaria Thursday, in what is cryptocurrency’s latest tussle with the law. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Nexo’s offices were raided by over 300 police officers and prosecutors, as part of ... Read more

<p>The post What is happening at Nexo? Crypto lender’s offices raided | Invezz first appeared on CCNC.</p>

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Celsius Gains A New Win Of $4.2B Worth Of Crypto

According to WSJ, Celsius Network has now acquired ownership of the $4.2 billion in cryptocurrencies that its users have deposited with it. With this action, the bankrupt platform is now free to utilize the money in any way it sees fit. Notably, around 600,00 users of the Earn program were the owners of this fund. […]

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