Summit National Bank is a US federally chartered bank, founded in 1984. Customers of Summit will now have access to blockchain products. Nexo, a cryptocurrency lending platform, recently revealed that it was acquiring a stake in Summit National Bank, based in Wyoming. Taking a stake in the US federally chartered
Voyager’s existing CEO, Stephen Ehrlich, will act as interim CFO. This past July, Voyager declared bankruptcy under Chapter 11. During the COVID-19 epidemic, crypto lenders like Voyager saw an influx of customers attracted by the high-interest rates and convenient loan terms they provided compared to conventional financial institutions. CFO Ashwin
It was announced today that the DFI token, issued by DeFiChain, would be listed on Gate.io, one of the world’s biggest cryptocurrency exchanges. DeFiChain is the premier blockchain on the Bitcoin network devoted to providing decentralized financial apps and services to everyone. DeFiChain has taken a huge step toward achieving
The CEO said that the company was still financially stable. The hacker’s ETH address is presently holding $163 million worth of digital assets. According to Gaevoy, the company is willing to consider the occurrence a “white hat” assault. Evgeny Gaevoy, founder and CEO of Wintermute, state that the business has
The recently launched EARN will protect its users from market volatility. EARN offers complete transparency and daily rewards on the blockchain. The prominent decentralized platform, Cake DeFi, has come up with a new initiative for investors. The firm recently announced the launch of a new hybrid investment product, EARN. According
DIY lending and borrowing technique Rari Capital had $80 million stolen. TRIBE token holders were offered pro rata shares of the DAO’s assets. The victims of the Rari Capital breach have come a long way, but it seems like their ordeal is finally over. Tribe DAO, the organization formed from
As a community, the team excitedly shared some encouraging news. It joined forces with one of DeFi’s most promising IDO accelerators. The market is ripe for disruption, and it may be found in a launchpad platform and crowdfunding community that brings together the vision of long-term support and the muscle
The investigator will also review the rationale behind the April service shift. Previously, the U.S. Trustee mentioned the lack of clarity around few accounts. A move to appoint an independent examiner to probe portions of crypto lender Celsius’ operations was granted by the federal court supervising Celsius’ bankruptcy case. The
Kasikornbank and Bank of Ayudhya, two of Thailand’s largest banks, are backing Forward. Forward has partnered with NFT artist LUNGtiger to better understand blockchain technology. Forward, a Thailand-based Decentralized Finance (DeFi) company, has received $5 million in seed funding from venture capital platforms. It is backed by Kasikornbank and Bank
In January of this year, DefiLlama reported that DeFi TVL had reached $250 billion. Despite the decrease in TVL, August saw a 3.7% increase in activity based on DeFi. Current findings from DappRadar indicate a 10.47% decrease in the total value locked (TVL) throughout the DeFi ecosystem in August. At
