The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.
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U.S. Treasury Warns DeFi Is Used by North Korea, Scammers to Launder Dirty Money
The department's first analysis of illicit finance risks associated with DeFi recommends the U.S. look at enhancements to its existing anti-money laundering regime.
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried
A new 45-page report detailing accounting failures at the failed crypto exchange says that at one point employees were instructed by an unnamed higher-up to “come up with some numbers? Idk.â€
Asia-Based Digital Asset Firm Hashkey Group Introduces Wealth Management Service
HashKey has also expanded its OTC service by expanding its liquidity coverage and range of tokens in the spot market.
Stablecoin Tether's Market Capitalization Nears Record High of $83B
The market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum's rival, Tron.
Crypto Investors Unmoved by Revised Jobless Data
Jobless claims beat expectations by an even wider margin than in the initial report, after a revision Thursday. Crypto investors largely ignored the change, although the increasing jobless figures bode well for the market.
First Mover Americas: Ether Options Tilting Bearish
The latest price moves in crypto markets in context for April 10, 2023.
FTX Reboot Plan Attracts Interest From VC Firm Tribe Capital: Report
The FTT exchange token is up 17% on the news.
Crypto-Related Stocks Surge as Bitcoin Price Hits Highest Point Since June 2022
Bitcoin miners are posting the largest percentage stock gains on Monday.
Bitcoin Faces Low Risk of 'Liquidations-Induced' Price Volatility After 70% Surge
Liquidations refer to the forced closure of bullish long and bearish short positions in leveraged perpetual futures markets. They often exacerbate price moves.