Category: lending

Defi TVL Climbs Higher, Optimism Use Rises, 270K BTC on ETH, Lending on ETH Taps $44 Billion

Defi TVL Climbs Higher, Optimism Use Rises, 270K BTC on ETH, Lending on ETH Taps $44 Billion

In mid-September, the total-value locked (TVL) in decentralized finance (defi) continues to climb higher, as the value held on Ethereum, Binance Smart Chain, Avalanche, Solana, and more blockchains has risen dramatically to $171 billion today. On the Ethereum network, there’s 270,783 bitcoin held in TVL worth more than $13 billion and $15 billion has been […]

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Alabama’s securities regulator is also scrutinizing crypto lender Celsius

Alabama’s securities regulator is also scrutinizing crypto lender Celsius

The securities regulator for Alabama issued a show-cause order on Thursday to Celsius, seeking an explanation from the crypto lending platform for why its offerings don’t constitute the sale of securities under state law. The order precedes actions by Texas and New Jersey, which on Friday moved to launch administration actions against Celsius — in […]

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After BlockFi, New Jersey and Texas set sights on Celsius’ crypto interest accounts

After BlockFi, New Jersey and Texas set sights on Celsius’ crypto interest accounts

On September 17, New Jersey’s securities regulator ordered crypto lending platform Celsius to halt offerings of its interest accounts in the state.  The same day, the Texas State Securities Board filed a notice of a hearing in February to consider a similar move to stop Celsius’ offerings in the state.  Friday’s moves follow broader regulatory […]

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Crypto wealth manager Abra bags $55 million Series C raise

Crypto wealth manager Abra bags $55 million Series C raise

A crypto wealth management platform named Abra has closed a $55 million Series C fundraise a little over a year after settling charges with U.S. regulators. Abra paid $300,000 in July 2020 to both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to settle charges that it sold off-exchange swaps […]

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SEC’s handling of Coinbase Lend signals sea change for US crypto lending

SEC’s handling of Coinbase Lend signals sea change for US crypto lending

Crypto lenders may be facing the same fate as ICO issuers. Brain Armstrong, the CEO of leading crypto exchange Coinbase, took to Twitter on Tuesday night to criticize the Securities and Exchange Commission’s handling of Coinbase’s proposed Lend product. Coinbase Lend is, in principle, a high-interest savings account for USDC, the USD-pegged stablecoin administered by […]

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Former CFTC Chair Giancarlo is putting out a book titled ‘CryptoDad’

Former CFTC Chair Giancarlo is putting out a book titled ‘CryptoDad’

J. Christopher Giancarlo, former Chairman of the Commodity Futures Trading Commission, is putting out a book on cryptocurrency and its role in Washington, DC. Announced in a September 8 tweet, the book is called “CryptoDad: The Fight for the Future of Money.” The forthcoming book takes its title from a nickname that the crypto world […]

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Total Value Locked Across Defi Nears $200 Billion, Non-Ethereum Projects Gather Steam

Total Value Locked Across Defi Nears $200 Billion, Non-Ethereum Projects Gather Steam

At the time of writing, the total value locked (TVL) in decentralized finance (defi) is around $176 billion across various blockchains like Ethereum, Binance, Terra, Polygon, Solana, and Avalanche. While Ethereum commands $130 billion of the aggregate total locked, a myriad of other defi-fueled blockchains continue to see TVLs steadily rise. Total Value Locked Across […]

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Peter Thiel’s Valar Ventures leads $25 million Series A in crypto platform Vauld

Peter Thiel’s Valar Ventures leads $25 million Series A in crypto platform Vauld

Vauld (formerly Bank of Hodlers), a crypto trading and lending platform based in Singapore with most of its team in India, has raised $25 million in a Series A funding round. Peter Thiel’s Valar Ventures led the round, with participation from Pantera Capital, Coinbase Ventures, CoinShares, CMT Digital, Gumi Cryptos, and Robert Leshner’s Robot Ventures, […]

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An overview of fixed-rate products

An overview of fixed-rate products

Quick Take Aave offers fixed-rate borrowing services, but the rate could still change under extreme market conditions Fixed-term lending is slowly gaining traction in DeFi, although their demand is nowhere near established lending markets Interest rate swap in DeFi is still in its infancy Yield tranching is a technique that splits yields into tranches with […]

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Finnish crypto lender Tesseract bags $25 million Series A

Finnish crypto lender Tesseract bags $25 million Series A

Tesseract, a Helsinki-based crypto lending business, has closed a $25 million Series A fundraise led by London’s Augmentum Fintech. Venture capital firms BlackFin Capital Partners, Concentric, DN Capital, Jabre Capital Partners, LeadBlock Partners and Sapphire Ventures also participated in the round, alongside algorithmic trading firm Wintermute and Coinbase Ventures. Existing backer Icebreaker.vc also invested. Tesseract […]

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