27 Jun 2022

Goldman Sachs Leading Investor Group to Buy Celsius Assets: Sources

Goldman Sachs is looking to raise $2 billion from investors to buy up distressed assets from troubled crypto lender Celsius, according to two people familiar with the matter. The proposed deal would allow investors to buy up Celsius’ assets at potentially big discounts in the event of a bankruptcy filing,

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16 Jun 2022

Explainer: The world of crypto lending

Major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers on Monday, citing “extreme” market conditions, sparking a sell-off across crypto markets. Here’s what you need to know about crypto lending – a corner of the digital asset market that has boomed over the last two years during soaring interest

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12 May 2022

Crypto Lending: Unregulated crypto-backed loans get popular, but not without risks

While it is already known that cryptocurrency is becoming even more popular as an investment, it is evidently gaining traction globally as a mode of payment too – albeit not without factoring in related risks. Crypto lending refers to a type of ‘DeFi’, or decentralized finance, which allows investors to

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17 Feb 2022

The Future of DeFi and Crypto Lending: BlockFi’s $100M Settlement with the SEC

An equal and opposite reaction to the recent onslaught of cybersecurity incidents directed at the Crypto and DeFi marketplace (itemized in our recently released Web3 Cyber Incident Database) are regulatory or market mechanisms designed to enhance the trust relationship between end-users, federal regulators, and the crypto platforms during this evolutionary phase of the Web3 innovation ecosystem. The recent SEC action against Crypto lender BlockFi has been heralded by many in the DeFi innovation community as a seminal moment for the cryptocurrency marketplace.

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