Wed, November 13

Nexo All Set to Acquire Crypto Lender Vauld Amid Liquidity Crisis

On Monday, the company suspended operations and stopped client withdrawals. Since June 12, withdrawals totaling $197.7 million have been reported by the firm. The Singapore-based crypto lender Vauld has inked a preliminary term agreement with Nexo today. Due diligence on the proposed purchase would be conducted by Nexo within a

July 5, 2022 2 mins read

CoinLoan Drops Per Day Withdrawal Limit Citing Spike in Withdrawals

CoinLoan said that the safeguards would only be in place for a short period of time. The previous maximum withdrawal limit was $500,000 a day. Currently, CoinLoan has a daily withdrawal limit of $5,000, a 99 percent drop from its former maximum. An increase in money withdrawals necessitated the company’s

July 5, 2022 1 min read

DeFiChain: Advanced Version of Bitcoin Network Retaining Core Fundamentals

Next-generation decentralized finance applications, goods, and services are on the horizon. As they seek to create new projects, developers need to focus on using only the most reliable, secure, and resilient networks. A blockchain-based solution like DeFiChain is intuitive to use along with the many perks and advantages that it

July 4, 2022 3 mins read

Three Arrows Capital Furnished Singapore Regulators With False Information

$250 million assets under management (AUM) restriction was breached twice. A slew of companies have come out to reveal their 3AC exposure. According to a notification issued by the Monetary Authority of Singapore (MAS) today, Three Arrows Capital (3AC) furnished the regulator with “false information.” The MAS has stated that

June 30, 2022 1 min read

Trouble Continues For Three Arrows Capital (3AC) as Court Orders Liquidation

Teneo Restructuring will provide assistance in the process. Crypto broker Voyager Digital also revealed $661 million in exposure to the fund. According to Sky News, a court in the British Virgin Islands has ordered the liquidation of the Singapore-based crypto firm Three Arrows Capital (3AC). Teneo Restructuring, according to the

June 29, 2022 1 min read

Centrifuge Launches New Connectors to Uplift Multi-Chain Defi Environment

On Wednesday, the Decentralized asset financing protocol, Centrifuge, officially announced the launching of a new feature called ‘Centrifuge Connectors’ for the users. Centrifuge Connectors is a cross-chain solution which combines the DeFi ecosystem and the Real-World Asset (RWA). This allows the traders to transact across multiple chains. Centrifuge Connecters, a hybrid

June 29, 2022 1 min read

Alkemi Team-up With Ledger Live For Enhancing DeFi Lending

Ledger Live has received more than $50 million in gross deposits. Alkemi Network is connecting CeFi and DeFi to create an institution-grade liquidity network. Alkemi Earn joined hands with Ledger Live to make it the first DeFi lending and borrowing app available directly to Ledger users. Ledger is the world’s

June 28, 2022 1 min read

Three Arrows Capital (3AC) Served With Default Notice by Voyager Digital

Voyager said that it had asked for a partial $25 million USDC repayment by June 24. Alameda has already given Voyager a line of credit to keep solvent. After pledging to prosecute cryptocurrency hedge fund Three Arrows Capital (3AC) for unpaid debt, Voyager Digital has followed through. To put it

June 27, 2022 2 mins read

Global Emerging Markets Pledged $200M To Unizen’s Smart Exchange

Global Emerging Markets (GEM) has announced a $200 million financial injection to drive adoption, grow the company, and strengthen innovation for the CeDeFi exchange, Unizen. The money is tied to certain milestones and results to make the initial investment as efficient as possible. On the 27th of June 2022, Unizen

June 27, 2022 2 mins read