Xapo Bank Unleashes Bitcoin-Backed Loans—Borrow up to $1M Without Selling BTC
Xapo Bank is revolutionizing bitcoin finance with a game-changing loan service—borrow up to $1M in USD without selling your BTC. Bitcoin-Backed Loans: A New Era of Crypto Credit Xapo Bank has introduced a bitcoin-backed loan service, enabling qualifying members to secure USD loans without liquidating their bitcoin holdings. The new offering, available through the Xapo […]
Aave, Sky float partnership to bridge DeFi, TradFi
The plan would create markets for DAI-replacement USDS on Aave.This post was originally published on this site
DeFi rises again as Aave hits new ATH in weekly borrowers
Layer-2 chains Base and Scroll have contributed to Aave’s recent borrower and depositor growth. This post was originally published on this site
DeFi lending giant Aave unveils V4 protocol overhaul
Aave Labs shared a proposal for the next version of its protocol, which included improvements to its stablecoin, GHO.This post was originally published on this site
BlockFi opens crypto withdrawals for eligible US users following court order
The lending platform halted client withdrawals amid filing for bankruptcy in November 2022, but later petitioned the court for authorization to return user funds.This post was originally published on this site
Bankrupt Celsius to spend $24M from GK8 sale on legal expenses
After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees.This post was originally published on this site
3 reasons why Bitcoin’s price is primed to hold the $30,000 level as support
Bitcoin price has been showing weakness near the $30,000 level, but multiple data points highlight the fact that bears remain at a disadvantage. This post was originally published on this site
Singapore to require crypto firms to put user assets into trusts by year-end
MAS is also working to restrict crypto service providers from facilitating lending or staking for retail customers, but not for institutional ones.This post was originally published on this site
Thai SEC bans the use of customer crypto assets for lending and investment
Investor protection regulations have been under discussion since September 2022 amid the crypto lending crisis that saw firms such as BlockFi and Celsius declare bankruptcy.This post was originally published on this site
SEC waives BlockFi’s $30M fine until creditors are paid
The U.S. SEC was at the top of BlockFi creditor’s list with a $30-million settlement balance from February 2022.This post was originally published on this site