Cosmos-based DeFi lending protocol Nolus joins Cointelegraph Accelerator
Nolus’ DeFi lending protocol aims to onboard more people by solving collateralization inefficiencies.This post was originally published on this site
BlockFi used customer money to buy $30M insurance, creditors claim
BlockFi said last Friday that it might not generate value for creditors by selling its cryptocurrency lending platform.This post was originally published on this site
Blur introduces NFT perpetual lending protocol
Borrowing positions automatically roll their expiry and can be refinanced should one party unilaterally decide to terminate. This post was originally published on this site
Crypto lender BlockFi is granted extra time to file Chapter 11 exit plan
BlockFi was granted a 48-day extension by a New Jersey bankruptcy judge to submit an exit plan, exploring a potential sale of company assets and restructuring.This post was originally published on this site
Crypto lender Babel gets extended creditor protection in Singapore
Hong Kong-based Babel Finance will have more than a year to repay debts to its creditors after suspending withdrawals in June 2022.This post was originally published on this site
The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy
Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its prime, and the prominent Italian family of bankers […]
US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’
The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is the largest decline on record. Additionally, Elon Musk, a Tesla executive and owner of […]
Experts Predict More Bank Failures in the US Following Interest Rate Hike and Unsettled Banking Crisis
After the recent bank collapses in the U.S., a number of people believe that more failures are coming following the Federal Reserve’s increase of the benchmark interest rate by 25 basis points (bps). American journalist Charles Gasparino insists that Wall Street’s “low-rate” junkies are ignoring the U.S. banking crisis. Quill Intelligence CEO Danielle DiMartino Booth […]
Euler Finance blocks vulnerable module, working on recovering funds
Euler is working with law enforcement agencies and blockchain security firms to contact the exploiter and recover the funds.This post was originally published on this site
SEC of Thailand wants public feedback on crypto lending, staking ban
Thailand’s securities regulator believes that crypto firms should not be allowed to deploy users’ deposits and provide lending services.This post was originally published on this site