Crypto trading firm Blockfills files for bankruptcy
The institutional crypto lender filed for bankruptcy after suspending withdrawals, incurring about $75 million in losses and facing a lawsuit alleging misuse of customer funds.
Crypto Lending
U.S. judge freezes BlockFills assets in dispute over 70 bitcoin with creditor Dominion Capital
A New York federal court barred the crypto trading firm from moving bitcoin tied to Dominion Capital, citing suspended withdrawals and insolvency concerns.
Bitcoin Payments App Strike to Offer BTC Lending in Boost to Reemergent Sector
“You shouldn’t have to sell the best-performing asset in human history to access cash. Now you don’t have to,” founder Jack Mallers wrote.
APX Lending Secures $20M Funding Amid ‘Rising Demand’ for Crypto-Backed Loans in Canada
APX received exemptive relief from the Canadian Securities Administrators (CSA) at the start of this month.
Crypto for Advisors: The Growth of Bitcoin as Collateral
As traditional investment products face declining yields, savvy asset managers must consider emerging opportunities within the cryptocurrency space to meet growing client demand.
Crypto for Advisors: Bitcoin and Lending
Bitcoin’s emergence in collateral structures has the potential to revolutionize the lending landscape. Its ability to mitigate credit risk amid escalating uncertainties highlights its transformative power.
Crypto Lender Ledn Handed Out $1.16B Worth of Loans in First Half of 2024
The platform witnessed a 29.8% jump in retail lending between the first and second quarters.
Wall Street’s Cantor Fitzgerald to Open Bitcoin Financing, Lending Business
Cantor Fitzgerald CEO Howard Lutnick (Danny Nelson/CoinDesk)
Stablecoins Can Help Fix the Current Lending Market
The Global Financial Crisis reduced the depth of capital markets. Blockchain-based stablecoins can help fill the gap, say Christine Cai and Sefton Kincaid, of Cicada Partners.
