crypto lenders

Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices

January 13, 2023 Bitcoin.com

Activity

After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that the company held 133,263 bitcoin on that day. As of Jan. 13, 2023, Nexo’s attestation indicates that the company now […]

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Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch

Nexo Says Takeover of Crypto Lender Vauld Still On As Deadline Approaches: Report

December 27, 2022 The Daily Hodl

Blockchain

Nexo is reportedly still planning on finding a suitable agreement in negotiations to take over crypto lender Vauld. According to a report from Bloomberg, talks between Nexo and Vauld are currently at an impasse as Vauld’s January 20 deadline to present a restructuring plan to creditors approaches. Nexo began negotiations with Vauld in July 2022 amid […]

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Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch

More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo

September 26, 2022 Bitcoin.com

bitcoin.com

Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation of securities laws. Nexo Targeted by Several Securities Regulators Over the Crypto Lender’s Earn Interest Product […]

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Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch

Bitcoin Interest-Bearing Accounts Were Conceived Over Ten Years Ago, but the Idea Took 8 Years to Catch On

September 8, 2022 Bitcoin.com

2011

While decentralized finance (defi) has created a plethora of protocols that make it so crypto assets can gather a yield, ten and a half years ago a bitcoin exchange called Bitcoinica introduced the first interest accruing system for bitcoin deposits. Despite being the first to test the waters, Bitcoinica eventually went bust after a series […]

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Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch

Since 2014, Roughly 42% of Failed Crypto Exchanges Have Disappeared Without a Trace for No Apparent Reason

July 25, 2022 Bitcoin.com

2014

Just recently, coinjournal.net published a report that shows the number of cryptocurrency exchanges that have failed during the last eight years. Interestingly, the researcher’s data shows that 42% of failed crypto asset trading platforms disappeared without a trace, giving users no explanation as to why the exchange shut down. During the Past 8 Years, Research […]

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Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch

Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales

June 27, 2022 Bitcoin.com

Bitcoin Miners

Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, which quotes the co-founder of mining company Luxor Technologies, Ethan Vera, says that roughly $4 billion in loans backed by crypto mining rigs are […]

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Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch

Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet

June 21, 2022 Bitcoin.com

Balance Sheet

The crypto lender Blockfi detailed on Tuesday that the company secured a $250 million line of credit from FTX. Blockfi’s CEO Zac Prince announced on Twitter that the company will use the capital to bolster Blockfi’s “balance sheet and platform strength.” Blockfi Obtains $250 Million Revolving Credit Line From FTX After Crypto Lending Firms Struggle […]

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Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch

New York Attorney General Orders Two Unregistered Crypto Lending Platforms To Shut Down, Demands Answers From Three More

October 18, 2021 The Daily Hodl

Cease and Desist

The attorney general of New York is cracking down on two crypto lenders and putting several others on notice. Letitia James says crypto platforms that offer interest on deposits must register with the Office of the Attorney General (OAG) to comply with the state’s Martin Act. Attorney General James announces in a new press release, […]

The post New York Attorney General Orders Two Unregistered Crypto Lending Platforms To Shut Down, Demands Answers From Three More appeared first on The Daily Hodl.

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Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch