Mutuum Finance is a new player in the crypto world. It's building a platform for decentralized lending. This means no banks are involved. Instead, people lend and borrow directly from each other. The platform has two main features. First, there's a shared pool where people can lend and borrow. This
Stream Finance had a really bad day. A fund manager they trusted lost a huge $93 million. That's a lot of money! This mistake caused a big problem for their stablecoin, xUSD. Stablecoins are supposed to stay at $1, but xUSD dropped to just $0. 26. That's a 77% drop! Not good. Because of this, Strea
Alexander Mashinsky, the founder and former CEO of the failed crypto lending platform Celsius Network, has pleaded guilty to federal fraud charges. He admitted to manipulating the price of Celsius’s crypto token and lying to customers about the company's practices. Mashinsky, aged 58, entered his pl
The U.S. Securities and Exchange Commission has filed settled charges against Plutus Lending LLC, doing business as Abra, for allegedly failing to register its retail crypto asset lending product, Abra Earn. The SEC charged Abra with violating registration requirements under the Securities Act of 1
