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Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations

Report: Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan OriginationsFollowing Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive officer Derar Islim said that the company’s trading and custody units were still operational. DCG-Owned Genesis Halts Lending Unit’s Redemptions and New Loans On Nov. 16, 2022, Coindesk reporter Nelson […]

Sky, formerly Maker, launches USDS stablecoin on Solana

Embattled Crypto Lender Hodlnaut Seeks Judicial Management in Order to Rehabilitate the Company

Embattled Crypto Lender Hodlnaut Seeks Judicial Management in Order to Rehabilitate the CompanyEight days ago, the crypto lender Hodlnaut announced that the platform was suspending withdrawals after citing volatile market conditions. This week the company says it is seeking judicial management that aims to “provide the best chance of recovery.” Hodlnaut Updates Customers — Crypto Lender Asks Singapore High Court for Judicial Management The crypto lender Hodlnaut […]

Sky, formerly Maker, launches USDS stablecoin on Solana

Crypto Lender Hodlnaut Pauses Withdrawals — Company Cites Market Conditions, Despite Recent Crypto Rally

Crypto Lender Hodlnaut Pauses Withdrawals — Company Cites Market Conditions, Despite Recent Crypto RallyOn August 8, the crypto exchange and lending platform Hodlnaut announced that the company has paused withdrawals, token swaps, and deposits. Hodlnaut joins a slew of crypto firms that have frozen withdrawals during the last three months, leaving customers little hope that they will see their funds again. Well before Hodlnaut’s withdrawal pause, the Terra […]

Sky, formerly Maker, launches USDS stablecoin on Solana