Get the latest crypto lending news, borrowing markets, yield platforms, credit risk, and the return of on-chain and centralized loans.
The DeFi protocol for institutional borrowers and lenders published an update saying “lenders must wait for borrower repayments.”
Oluwapelumi Adejumo 2 min read 
BlockFi intends to use the proceeds of the $250 million credit facility to bolster its balance sheet and platform strength.
Industry experts told CryptoSlate there is "no sign of a bottom yet" but crypto winter could be as short as a few weeks.
Crypto lending platform Babel Finance has reached agreements with major counterparties on the debt repayment timeline to ease its liquidity crunch.
A recovery plan has been released for Celsius from Bnk to the Future who have over 1,000 investors exposed to Celsius.
The crypto finance provider is pausing withdrawals and redemptions in response to harsh market conditions.
Details of fiscal irresponsbility at 3AC emerge as crypto lending platform Finblox announces a pause on rewards and withdrawal limits.
A number of states in the United States, including Texas and Alabama, are looking into the decision made by Celsius Network to suspend client withdrawals.
Tether stated that commercial papers constitute less than 25% of USDT’s backing, adding that it does not have lending exposures to Celsius and Three Arrows Capital.
