Since the third quarter of 2020, Ledn has grown its assets by over 4,000%, exceeding $1.7 billion, according to the statement. The company has clients in 127 countries with 44% of its loan clients in Latin America, where it hopes to expand with help from the latest capital raise. Source link … [Read more...] about Crypto Lender Ledn Raises $70M in Series B Round, Readies Bitcoin-Backed Mortgage Product
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Crypto Lender Celsius Admits Losses in $120M BadgerDAO Hack
During an ask-me-anything (AMA) YouTube live stream on Friday, Alex Mashinsky, CEO of Celsius Network, confirmed that the company “lost money” from BadgerDAO’s hack without specifying the value of the losses. Some had speculated earlier Friday that roughly $51 million was lost, based on blockchain data. Source link … [Read more...] about Crypto Lender Celsius Admits Losses in $120M BadgerDAO Hack
What Crypto Lender Celsius Isn’t Telling Its Depositors
In its terms of use, Celsius reserves the right to re-hypothecate customers’ assets, but it’s ambiguous whether the passage refers solely to depositors’ funds or to borrowers’ pledged collateral as well. “In consideration for the rewards earned on your Account and the use of our Services,” the document says, “you grant Celsius the right … to pledge, re-pledge, hypothecate, … [Read more...] about What Crypto Lender Celsius Isn’t Telling Its Depositors
Crypto Lender Celsius Network Invests $300M in North American Bitcoin Mining Operations: Report
Cryptocurrency lender Celsius Network has further invested $300 million for its bitcoin mining operations in North America, taking the total investment this year to $500 million, according to a report from The Block.The $300 million comes after Celsius invested $200 million earlier this year in bitcoin mining equipment and equity of bitcoin mining firms Core Scientific, Rhodium … [Read more...] about Crypto Lender Celsius Network Invests $300M in North American Bitcoin Mining Operations: Report
Crypto Lender Nexo Makes Strategic Investment in SEC-Licensed Broker-Dealer
Texture Capital is SEC licensed for issuance and trading of digital asset securities as well as being registered in all 50 U.S. states, Nexo said Tuesday. It is also a member of the Financial Industry Regulatory Authority, a self-regulatory organization. Source link … [Read more...] about Crypto Lender Nexo Makes Strategic Investment in SEC-Licensed Broker-Dealer