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DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns
BA Labs, in its proposals to offboard WBTC, had cited perceived risks from Tron founder Justin Sun’s involvement with BiTGlobal,…
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Crypto Lender Celsius’ Bankruptcy Plan Administrator Distributes More Than $2.5B
“Approximately 64,000 of these remaining creditors have a distribution of less than $100, and approximately 41,000 more have a distribution…
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DeFi Lender Liquity (LQTY) Unveils Protocol Upgrade, New Stablecoin BOLD in White Paper
“LUSD is great for its decentralized capabilities, but it doesn’t have the built-in flexibility to adapt to changing market environments…
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Crypto Lender Ledn Reports Record $690M Loans in First Quarter as Lending Market Snaps Back
The crypto lending sector imploded in 2022 alongside dwindling asset prices, spurring lenders including Celsius, BlockFi and Genesis to file…
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Bankrupt Crypto Lender Cred’s Former Executives Indicted on Wire Fraud, Other Charges
Daniel Schatt, a Cred co-founder and former CEO, Joseph Podulka, former CFO, and James Alexander, the former chief capital officer,…
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MarginFi Leader Edgar Pavlovsky Exits on Fiery Day for Major Solana Lender
“The stale Oracle issues currently impact withdrawals, not deposits, I think, so it’s leading to some accusations from users who…
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DCG’s Barry Silbert Pitched Genesis and Gemini Merger in 2022 in a Drastic Bid to Save the Lender
In an email from Oct. 20, 2022, Silbert described a lunch meeting with Winklevoss where he discussed the challenges facing…
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Crypto Lender Nexo Secures First Regulatory Victory in Dubai
Receiving a full license involves three stages: an initial provisional permit, a preparatory license, and an operating license. Nexo’s regional…
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Days After Ditching Aave, Risk Manager Gauntlet Moves to Rival Lender Morpho
From a risk management perspective, the Morpho model is designed to be more efficient than Aave’s, and Gauntlet’s embrace of…
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Crypto Lender Nexo Seeking $3B in Damages From Bulgaria
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