Ad Crypto miner Bitfarms has settled a $21 million debt owed to bankrupt crypto lender BlockFi with a one-time cash payment of $7.75 million, according to a Feb. 9 press statement. Bitfarm agreed with BlockFi to restructure the debt and pay off the outstanding principal and interest in one transaction. The original loan is a…
Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 5 days ago
Decentralized finance (DeFi) lender Everlend Finance shut down its operations on Feb. 1, citing the liquidity crunch in the lending market. The Solana-based protocol said that it decided to close its platform despite having “enough runway.” Stating that the lending market is continuing to shrink, Everlend said forging ahead amid the current environment would be…
Three Arrows Capital Venture Capital Company in Asia Three Arrows Capital (3AC), a Singapore-based crypto hedge fund, collapsed due to poor risk management, recklessness in dealing with business partners and a significant portion of greed. More about Three Arrows Capital Info LinkedIn
Bitcoin (BTC) mining firm Greenidge said it lost about $130 million during the fourth quarter of 2022 while earning just $15 million, according to a Jan. 31 statement. The BTC miner was one of the several companies that had a difficult 2022 due to the challenging market conditions. “Greenidge ended the quarter with approximately $16…
Four Real-World Asset (RWA) lending protocols ranked among the top ten Defi lending protocols that collect the largest sum of 180-day cumulative interest fees paid by users, according to crypto influencer Defilgnas’ recent analysis. TrueFi (TRU), Maple Finance, Goldfinch (GFI), and Centrifuge (CFG) are ranked third, fourth, seventh, and tenth, respectively, according to @Defilgnas. Top…
Bankrupt crypto lender Celsius could soon restructure and issue a cryptocurrency token to compensate users, according to a report from Bloomberg on Jan. 24. During a court hearing, Celsius attorney Ross M. Kwasteniet said the company could be reorganized into a publicly-traded company with proper licensing. That approach could serve as an alternative to selling…
Institutional crypto lending protocol Maple Finance has reported a net loss of about $7 million at the end of the fourth quarter of 2022 as it moves to close its lending pools on Solana. Maple Finance was launched in May 2021 as a decentralized credit market for institutional borrowers and lenders. Since its inception, the lending…
Genesis Broker, Exchange, Lending Company in North America Genesis is an institutional digital asset markets and a full-service digital currency prime brokerage providing a single point of access for select qualified individuals and global institutional investors. More about Genesis Info Twitter LinkedIn
Gemini Exchange Company in North America Gemini is a regulated digital asset exchange and custodian that allows customers to buy, sell, store, and stake digital assets in a regulated, secure, and compliant manner. More about Gemini Info Twitter LinkedIn