Crypto Lending

Here's a round-up of stories from around the globe and from various media outlets. Benzinga Google To Fire 12K Employees Worldwide; Extends Support Packages Alphabet Inc.'s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google prepared to cut 12,000 jobs globally. CEO Sundar Pichai said...

Defunct cryptocurrency lending platform BlockFi has filed a motion asking a U.S. bankruptcy court to grant permission for its users to withdraw digital assets that are currently locked up in its wallets. The lender requested permission to recognize client withdrawals from wallet accounts that...

Genesis owes at least $1.8 billion to its creditors, according to multiple media reports. The troubled crypto trading and lending company owes users of Gemini's Earn program $900 million and another $900 million to a group of assorted debtors represented by law firm Proskauer Rose. Another ad...

Cryptocurrency lender BlockFi is closer to bankruptcy, an announcement that could come in the coming days according to a new report. What Happened: Crypto lending company BlockFi has been in the news recently thanks to its connection to cryptocurrency platform FTX. After FTX declared bankruptcy...

Beleaguered crypto lending platform Celsius (CRYPTO: CEL) is projected to reach negative liquidity of around $34 million by October this year, according to the company’s latest Chapter 11 documents. Celsius had, on June 12, announced its decision to freeze withdrawals and...

Amid bearish market sentiments, Singapore-based cryptocurrency lending platform Hodlnaut on Monday announced the halting of withdrawals, citing liquidity constraints and the need to focus on stabilizing its liquidity and preserving assets. With the move, Hodlnaut joins a long list of crypto...

Bankrupt crypto lending platform Celsius has sought a judge's permission to reinstate the company’s former CFO Rod Bolger and pay him $93,000 each month over a minimum of six weeks. According to a motion filed with the Southern District of New York Bankruptcy...

Beleaguered crypto lending platform Babel Finance lost more than $280 million in customer funds due to failed propriety trading after the markets suffered significant losses over the past few months, The Block reported Friday, quoting Babel's restructuring proposal deck. The...

Cryptocurrency lending firm Celsius (CRYPTO: CEL) says it is pausing all withdrawals, swaps and transfers between accounts. What Happened: Celsius said in a statement late Sunday it is taking the steps “due to extreme market conditions.” “We are announcing that Celsius is pausing...

By Laura Adams Over the past few years, the rising growth and adoption of “crypto lending” has provided consumers with newfound financial freedom and opportunity thanks to the benefits of blockchain technology and decentralized financial protocols. Crypto lending creates tremendous...