As Bitcoin’s influence continues to expand, its value as collateral is becoming increasingly recognized. It is no longer seen as just a speculative investment or a store of value, Bitcoin has emerged as a versatile asset that allows holders to leverage their wealth in ways once reserved for the ultra-wealthy. With a fixed supply of […]
Ledn, a crypto lending platform, announced that it has processed over $ 1.16 billion in loans during the first half of 2024. This includes a notable 29.8% quarter-over-quarter growth in retail lending, driven by investor strategies and market dynamics such as the recent Bitcoin halving and the rise of Ethereum exchange-traded funds (ETFs) in …
New York Attorney General Letitia James has secured a $ 2 billion settlement with bankrupt cryptocurrency firms Genesis Global Capital, Genesis Asia Pacific, and Genesis Global Holdco. The settlement, which requires bankruptcy court approval, will establish a victims’ fund to compensate over 29,000 New Yorkers who invested more than $ 1.1 billion through …
Crypto lender Genesis Global obtained court approval Friday to return approximately $ 3 billion to its customers as part of its bankruptcy liquidation. U.S. Bankruptcy Judge Sean Lane approved Genesis’ Chapter 11 plan, overruling an objection from its equity owner, Digital Currency Group (DCG), which argued that repayments should be based on January 2023 …
The now-defunct crypto lender Blockfi is officially shutting down the firm’s web portal this month according to an update from the firm. Blockfi said that it has partnered with Coinbase to help facilitate the execution of withdrawals to eligible Blockfi customers. Blockfi Collaborates With Coinbase for Withdrawals, Plans to Shut Down Web Portal After the […]