Tag: lending

Mapping out the Institutional Digital Asset Infrastructure space

Mapping out the Institutional Digital Asset Infrastructure space

Quick Take The current market capitalization of the digital assets market sits at $2.5TN and nearly $17.8 billion in venture capital has poured into crypto firms from the beginning of the year From Paypal to Visa to Tesla to Morgan Stanley, some of the world’s largest and most well-respected institutions have adopted Bitcoin, digital assets, […]

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New York joins crackdown on crypto lending, seemingly targeting Nexo and Celsius

New York joins crackdown on crypto lending, seemingly targeting Nexo and Celsius

On October 18, the New York Attorney General Letitia James announced cease and desist letters to two cryptocurrency lending firms. Another three firms received requests for information on corporate ownership and handling of user deposits. The Office of the Attorney General (OAG) redacted the names of the firms under scrutiny. However, the cease-and-desist retained the […]

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Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings

Swiss Bank Seba Now Lets Customers Earn Yield on Crypto Holdings

A FINMA-licensed Swiss bank, Seba, has launched a program enabling clients to earn yield on their crypto holdings. In addition, the bank will “provide support for centralized lending and borrowing services, enabling investors to generate yield by lending bitcoin and ethereum directly with Seba Bank.” Seba Earn Lets Clients Generate Rewards From Crypto Investments Seba […]

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Kentucky regulator orders Celsius to stop offering crypto accounts

Kentucky regulator orders Celsius to stop offering crypto accounts

Crypto lending company Celsius has been ordered to stop offering interest-bearing accounts in the U.S. state of Kentucky. The state’s securities regulator issued an emergency cease and desist notice on September 24, becoming the fourth state regulator to take action against Celsius in recent days. Regulators in New Jersey and Texas moved against the crypto […]

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New Jersey delays effective date of cease-and-desist order for BlockFi until December

New Jersey delays effective date of cease-and-desist order for BlockFi until December

A New Jersey cease-and-desist for new interest accounts at crypto lender BlockFi will take effect on December 1, per an extension that the firm announced on Wednesday.   The New Jersey Bureau of Securities signed off on this third extension of its cease-and-desist order, according to BlockFi. The securities regulator initially issued its order back in […]

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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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