CeFi lending platform Celsius Network has received approval for its bidding proposal, and the court has set the final sale hearing for Dec. 22. Celsius which filed for bankruptcy on July 13, has been exploring all possible options to refund up to $4.7 billion it owes to creditors. Efforts to raise additional funding from investors…
The decentralized, permissionless cross-chain platform Axelar and USDC creator Circle have announced the Cross-Chain Transfer Protocol, which looks to revolutionize cross-chain transfers across the crypto industry. Jason Ma from Axelar stated that “we finally have real programmable money.” USDC will be able to be transferred cross-chain without the need for either wrapped tokens or assets being…
Investors and prospective home buyers will soon be able to take out crypto-backed mortgages to buy real estate in the U.S. Moon Mortgage, a cryptocurrency lending platform, has raised a $3.5 million seed round to bring two key products to market, including an innovative mortgage lending product aimed at crypto holders. In a press release…
Unsecured lending protocol TrueFi has issued a notice of default to Blockwater Technologies for failing to repay a $3.4 million loan agreement. According to Blockwater’s borrower profile, the venture capital firm borrowed about $16.8 million from TrueFi in 2021. It repaid up to $13.4 million before seeking loan restructuring in August 2022. As a result,…
Zash, an enterprise-grade blockchain indexer, has announced a partnership with Nexo. As part of the partnership, Nexo will integrate Zash into its platform in order to develop new valuation and pricing tools for NFTs. The integration is part of Nexo’s broader push to extract more liquidity from the crypto market and expand its offering. In…
Celsius’ Committee of Unsecured Creditors has filed a motion asking the bankruptcy court to issue a subpoena to EquitiesFirst Holdings (EHF) for failing to repay approximately $439 million owed to Celsius Network. EquitiesFirst is an institutional lending platform Celsius worked with between October 2019 and February 2021 to support its business through collateralized loans. Celsius…
Nexo revealed that it stopped onboarding new U.S. clients to its Earn Interest Product in February 2022 after financial regulators in eight states initiated legal actions against it. According to the U.S., Nexo violated securities law by offering their residents interest-bearing crypto accounts. California issues cease and refrain order California’s Department of Financial Protection and…
Institutional crypto lending protocol Maple Finance teamed up with Icebreaker Finance to launch a $300 million lending pool to finance accredited bitcoin mining firms across North America, Canada, and Australia. The lending pool launched on Sept. 20 and targeted mid-sized bitcoin mining and infrastructure providers. The loans will be repayable over a 12-18 months period…
Bankrupt crypto lender Voyager is set to liquidate all its assets through an auction that is scheduled for Sept. 13. Voyager announced on Sept. 7 that it had received multiplied bids from parties interested in buying up its assets. Voyagers, we want to let you know that multiple bids were submitted as part of the…
Crypto lender Celsius Network, which started Chapter 11 bankruptcy proceedings in July, wants to return customer assets in the custody program and withhold accounts worth around $210 million, the firm said in a Sept. 1 filing. According to the filing, around 15,680 Celsius users hold “Pure Custody Assets” worth approximately $43.87 million as of around…