South Korea Clamps Down on Upbit and Bithumb Over Risky Crypto Lending Practices South Korean financial regulators have put Upbit and Bithumb, the country’s dominant cryptocurrency exchanges, under intense scrutiny over their high-leverage crypto lending and margin trading products launched in July 2025. With leverage ratios as high as 4:1, concerns about investor safety, potential […]
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Crypto Lender Divine Rolls Out 30,000 Unsecured Loans with Iris-Scanning World ID San Francisco-based crypto lender Divine Research has issued nearly 30,000 unsecured short-term loans worldwide since December, utilizing World ID—an iris-scanning identity verification system from Sam Altman’s Worldcoin—to authenticate borrowers. Targeting financially underserved individuals in inflation-battered economies like Argentina, Divine’s experiment in decentralized microfinance […]
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SEC Settles with Abra for $1.65M Over Unregistered Crypto Lending Product – SEC charges Abra with operating unregistered crypto lending product. – Abra agrees to $1.65M settlement and permanent injunction. – Regulatory actions signal increased scrutiny in crypto lending space. The Securities and Exchange Commission (SEC) has taken decisive action against Abra, a cryptocurrency lending […]
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