crypto lending

Democratic Congresswoman Maxine Waters (D-CA) upheld World Liberty Financial, an upcoming crypto lending platform promoted by Donald Trump and his sons, as an example of heightened risks that consumers face when engaging in decentralized finance (DeFi) on Capitol Hill Tuesday. Last week, Twitter (aka X) accounts belonging to Tiffany Trump …

Abra-SEC Lawsuit Crypto Lending Platform Forced to Settle In a recent tweet, pro-XRP lawyer Bill Morgan raised concerns about the Securities and Exchange Commission’s (SEC) stance on crypto donations, questioning whether there’s a double standard in how such donations are treated. This follows the SEC’s earlier claim that Ripple’s donations …

Thursday, Sept. 5 Euler, Victim of $200M+ Exploit in 2023, Returns With ‘V2′ Euler, a DeFi lending protocol that suffered a $200 million-plus exploit in 2023, says it has reemerged with the launch of Euler v2, “a meta-lending protocol that enables unlimited use cases for on-chain credit.” According to the …

Aave enables users to create liquidity markets, allowing them to earn interest by supplying or borrowing assets. According to Token Terminal, Aave leads the lending and borrowing sector, followed by Morpho Labs, Venus, Compound Finance, and Moonwell. Michael Nadeau, founder of The DeFi Report, notes that Aave commands a 64% …

The team behind World Liberty Financial, an upcoming crypto project promoted by the Trump family, said Wednesday that the DeFi platform aims to maintain global U.S. dollar supremacy through the use of stablecoins. The revelation comes after CoinDesk reported that a leaked white paper for the project details a borrowing …

A whopping 70% of Trump-backed World Liberty Financial’s WLFI tokens will be reserved for the project’s insiders, according to a white paper draft obtained by CoinDesk. Of the remaining 30% of the tokens distributed via a public sale, the founding team will also receive a portion of the proceeds. When …

Nexo, a leading digital asset service provider, has resumed accepting new client registrations in the United Kingdom starting September 3, 2024, after a 10-month pause in the onboarding process. The move comes after Nexo implemented platform upgrades to comply with the FCA guidelines. These updates include the introduction of cool-off …

Haru Invest CEO Hugo Hyungsoo Lee was attacked during his ongoing fraud trial at the Seoul Southern District Court, local media outlet Digital Asset reported on Aug. 28. According to the report, a man identified as “Kang” stabbed Lee multiple times in the neck with a concealed 5 cm knife. …

The US Securities and Exchange Commission (SEC) has filed settled charges against crypto lending firm Abra for failing to register its crypto asset lending product, Abra Earn. Additionally, the regulator also filed settled charges against Plutus Lending LLC, Abra’s owner, for operating as an unregistered investment company. Stacy Bogert, Associate …

MakerDAO issues NewGovToken (NGT) and NewStable (NST) as a part of its “endgame” plan. NGT can be acquired by converting MKR at a ratio of one to 24,000. The new stablecoin is pegged 1:1 with DAI. Both MKR and DAI will remain active. Why This Investor Thinks Bitcoin’s Price Could …