Bitcoin News Today TheBitTimes.com

Dolomite, a decentralized finance (DeFi) lending and borrowing protocol, is launching its token generation event (TGE), as per the reports shared with Finbold on Thursday, April 24.  DOLO, the platform’s native token, will be available 9:00 AM EST on major centralized exchanges (CEX), including Bybit, Binance Alpha, Bitget, KuCoin, and Kraken, as well as on decentralized exchanges (DEX) like Kodiak and Uniswap. DOLO airdrop A successful airdrop has already distributed 20% of the total DOLO supply to Dolomite users and Minerals Program participants.  The distributed supply is split 50:50 between liquid DOLO and a locked, governance-enabled version known as veDOLO. Eligible recipients can claim their tokens within six months. More efficient lending and borrowing With its flexible architecture, Dolomite enables more efficient borrowing, lending, and asset deployment. Further, it allows users to manage multiple borrowing positions within a sing...

BlockFi said selling its cryptocurrency lending platform might not generate value for creditors. Disgruntled creditors of the bankrupt cryptocurrency lending firm BlockFi have submitted a new court filing in response to the company’s latest restructuring plan. On May 12, BlockFi outlined its Chapter 11 plan of reorganization in a filing with the United States Bankruptcy Court in Trenton, New Jersey. The firm said that selling BlockFi might not generate enough value for creditors as it owes nearly $1.3 billion to its top 50 creditors . In response, BlockFi creditors submitted another court filing on May 15, arguing that BlockFi deliberately took measures to delay the trial. Represented by the law firm Brown Rudnick, BlockFi creditors wrote that BlockFi sold about $240 million worth of crypto before filing for bankruptcy in late November 2022. The creditors emphasized that the crypto lender sold the assets “at the nadir,” referring to a massive market slump following the collapse of F...