hodlnaut

Embattled cryptocurrency lender Hodlnaut downplayed its exposure to the collapsed digital-token ecosystem. Embattled cryptocurrency lender Hodlnaut downplayed its exposure to the collapsed digital-token ecosystem created by fugitive Do Kwon yet suffered a near $190 million loss from the wipeout. The loss is among the findings of an interim judicial managers' report seen by Bloomberg News. It is the first such report since a Singapore court in August granted Hodlnaut protection from creditors to come up with a…

Just say no.Photo: Qreal (Shutterstock)Crypto exchanges and lenders are still struggling to “hodl” onto their employees. As companies fightto keep afloat after the most recent crypto crash, hundreds of exchanges staff are being kicked to the curb, and some are reportedly trying to keep that fact a secret.The relatively small crypto lender Hodlnaut, which boasts more than 10,000 active users and $250 million worth of assets on its platform, has been hit harder than most. On Friday, the company announced they had laid off…

Cryptocurrency lender Hodlnaut is the latest firm to respond to tumultuous market conditions by halting withdrawals (via Coindesk). In a post on its website, the Singapore-based company announced that it’s freezing withdrawals, token swaps, and deposits due to an uncertain economy that some say triggered a “crypto winter.” Hodlnaut is also rescinding its application to the Monetary Authority of Singapore (MAS) for a regulatory license that would allow the company to offer digital payment token services in the…

Hodlnaut said the move was "due to recent market conditions" and was "to focus on stabilising our liquidity and preserving assets". Hodlnaut said the move was "due to recent market conditions" and was "to focus on stabilising our liquidity and preserving assets". FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…