Vauld has raised around $27M from investors to expand its platform. The company hired Kroll Pte Limited as a financial advisor. Vauld intends to apply a moratorium in the Singapore courts. Today, Singapore-based cryptocurrency lending and exchange venture Vauld has halted all withdrawals, trading, and deposits on its platform As
Babel Finance had a loan balance of over $3 billion by the end of 2021. It had a monthly derivatives trading volume of $800 million. Another cryptocurrency lending service, Babel Finance, based in Hong Kong, has been hit hard by the recent market drop. Babel Finance, citing “unusual liquidity pressures,”
Coinbase and Gemini also chose to reduce the number of employees. The platform claims to have tried multiple ways to decrease losses. As a result of exceptionally challenging market circumstances, BlockFi has chosen to lay off 20% of its workforce. Investors and institutions alike have had a difficult time in
Drops announced today the upcoming launch of its NFT lending platform, with the testnet set to mark the initial phase of its mainnet launch. The Drops NFT lending ecosystem seeks to bridge the liquidity gap in NFT markets by enabling participants to use their metaverse items as loan collateral. With
Drops announce the launch of the NFT lending platform. NFT lending platform is created to introduce liquidity in NFT markets. Drops lending platform enjoys a total value locked (TVL) of $6.2 million. A multi-chain liquidity and loans platform for NFTs, Drops have announced the launch of its NFT lending platform,
Blend, a recently established lending platform from Blur, has revolutionized the NFT lending industry. The blend has outperformed its rivals and turned into a dominant force in the market after only one month of operation. The platform has solidified its position as a game-changer in the field of decentralized finance
Backed by Tribe Capital, Castle Island Ventures, Picus Capital, Global Founders Capital, and more, Arch has completed $250,000 in loans pre-launch NEW YORK–(BUSINESS WIRE)–Arch, the first lending platform to provide a single loan across combined alternative assets, announces its official launch today. With an increase of individual investors holding their
Hey guys! Happy to connect today and learn more about BiFi!Can you tell us more about the founding of BiFi and what the problem is that you were addressing? In 2016, we initially began the development of Bifrost, a multichain middleware platform that allows for blockchains to communicate with each
Debifi, the leading platform in non-custodial Bitcoin-backed lending, has announced a strategic partnership with Berglinde, a recognized innovator in Bitcoin-centered investment solutions. This alliance signifies a major step in connecting the traditional financial landscape with the Bitcoin economy. Together, they will offer fiat loans in USD, EUR, and CHF, providing
Vivident, a startup that is developing artificial intelligence-powered character IP technology, has received initial investment in the amount of $1.5 million from investors across South Korea, Japan, the United States of America, and Hong Kong. Hashed, Mashup Ventures, TheVentures, Modhaus (Korea), and Sfermion (US) were among the leading venture capital firms that participated
