Tag Archives: Lender

[unable to retrieve full-text content]US regulators seize troubled lender Republic First, sell it to Fulton Bank  Yahoo Finance Source link

Crypto lender Genesis is cutting 30% of its staff in another round of layoffs, the company said Thursday. First reported by the Wall Street Journal, this latest round of job cuts comes two months after it froze customer withdrawals. Genesis is a crypto financial services company with trading, lending, market making, and custody businesses that is owned by Digital Currency Group (DCG). DCG also owns Grayscale, sponsor of the world’s largest bitcoin trust, GBTC, as well as crypto media outlet,… Source link

By Hannah Lang, Niket Nishant and Manya Saini (Reuters) -Major cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates, it said on Monday, the latest crypto casualty to follow the spectacular collapse of the FTX exchange earlier this month. The filing in a New Jersey court comes as crypto prices plummet, with bitcoin down more than 70% from a 2021 peak. New Jersey-based BlockFi had links with FTX, which filed for protection in the United States… Source link

(Reuters) -U.S. crypto lender Celsius Network said on Wednesday it has filed for bankruptcy, becoming the latest victim in the cryptocurrency sector to wilt under a dramatic plunge in prices. New Jersey-based Celsius listed estimated assets and liabilities on a consolidated basis in the range of $1 billion to $10 billion, according to a court filing in the U.S. Bankruptcy Court for Southern District of New York. Crypto lenders boomed during the COVID-19 pandemic, drawing depositors with high… Source link

(Bloomberg) — Celsius Network Ltd. paused withdrawals, swaps and transfers after weeks of speculation over the sustainability of the outsized returns being offered by the DeFi lending platform, fueling a broad cryptocurrency selloff. Most Read from Bloomberg Crypto markets tumbled after the Celsius announcement, with Bitcoin dropping as much as 14% to the lowest level since December 2020 and other major tokens like Ether also falling sharply. Celsius’s CEL token was down about 50% to 19… Source link

Benzinga Here’s What it Took to Help My Millennial Colleague Plan Her Million-Dollar Nest Egg I’m a nosy person, so I elbowed my millennial colleague, Jessa, in the next cube over, and asked her, “Pssst… How much do you save for retirement per year?”Instead of ignoring me, she furtively Slacked me all of her financial details (it was like a giant ice cream sundae for a finance nerd): * Jessa, at 28, still owes $15,000 in student loans, and her husband, who is 30, still owes $20,000. *… Source link