Crypto Lending


Finance

Crypto Lender BlockFi Had $1.8B in Open Loans at End of June and $600M of Exposure

The company has released a quarter-end snapshot of a number of operating statistics.

Publicidad de BlockFi en Union Station, Washington D. C. (Archivo de CoinDesk)

Opinion

The Credit Crunch Is Not the End of Crypto Lending

It is a mistake to view bitcoin’s success as a trade-off against the creation of credit. Its future depends on it, says our columnist, a partner at Castle Island Ventures.

"A view of the deluge of Scotch paper currency for English gold." (The trustees of the British Museum)

Videos

What to Expect From Crypto Lender Celsius' Bankruptcy Proceedings

"The Hash" panel discusses what customers should expect ahead of the first hearing in the Celsius bankruptcy case, as the insolvent crypto lender has said that it will give customers an option of staying "long crypto" or receiving a discounted cash settlement. Plus, a conversation on the company's $1.2 billion hole in its balance sheet.

Recent Videos

Videos

Chris Giancarlo on Future of China's Digital Yuan

Former CFTC Chair Chris Giancarlo discusses the potential impact of central bank digital currencies (CBDCs) on crypto lending and global finance. ""You could envision a world 10 years from now where a third of the globe"" is using the digital Yuan because they're engaged with China, Giancarlo said.

Recent Videos

Finance

Celsius Network Files for Chapter 11 Bankruptcy

The crypto lender said it has $167 million in cash on hand and will continue to freeze customer withdrawals.

Celsius Network founder and CEO Alex Mashinsky (CoinDesk)

Policy

California Is Investigating ‘Multiple’ Crypto Lending Companies

The state’s Department of Financial Protection and Innovation is looking at whether firms that have suspended customer withdrawals and transfers have violated its laws.

California's state flag (Getty Images)

Markets

Celsius Network Pays Off Maker Loan, Freeing Up $440M of Collateral

The troubled crypto lender paid down the remaining $41 million of its debt on the DeFi platform.

Celsius CEO Alex Mashinsky (CoinDesk archives)

Markets

Celsius Repays $183M on DeFi Protocol Maker, Gets Back Collateral, Blockchain Data Shows

The troubled crypto lender paid down $183 million of its debt to the decentralized lending protocol Maker, blockchain data shows, possibly in a bid to recover bitcoin-linked collateral that otherwise would remain trapped.

Celsius CEO Alex Mashinsky (CoinDesk archives)

Finance

CoinLoan Is the Latest to Limit User Withdrawals

The measure will be lifted if market conditions allow, the crypto lender said.

CoinLoans limita los retiros de fondos. (BernardaSv/Getty images)

Finance

Ledn Makes Competing Bid for Troubled Crypto Lender BlockFi: Report

BlockFi CEO Zac Prince denied a story that his company had agreed to a sale to FTX for just $25 million.

BlockFi advertisement in Washington D.C.'s Union Station (CoinDesk archives)