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NFT Lending Protocol Bend DAO Proposes New Measures against Bankruptcy Crisis

Subject to the bankruptcy crisis caused by depleted Ethereum reserves, NFT lending protocol Bend DAO has proposed new emergency measures pending a governance vote. The NFT lending protocol provides asset collateral for NFT holders by using their NFT assets as collateral to borrow ETH. When someone deposits an NFT into BendDAO, they can borrow up …

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Centre proposes stricter valuation rules for overseas direct investments

The government on Monday introduced new set of rules for domestic entities, including companies and large family offices and start-ups, opting for overseas direct investment route (ODI), which could impact their acquisition decisions in a big way. The new rules, effective from Monday, made explicit distinction between ODI (all investments in …

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