Babel Finance had a loan balance of over $3 billion by the end of 2021. It had a monthly derivatives trading volume of $800 million. Another cryptocurrency lending service, Babel Finance, based in Hong Kong, has been hit hard by the recent market drop. Babel Finance, citing “unusual liquidity pressures,”
Sometimes you need to exchange tokens from one chain to another. But it’s hard to pick them quickly, because there are so many blockchains and bridges for them, and the probability of getting into a scam bridge is very high. DeFi.Watch added a new service: it’s called Bridges. You are
3AC in liquidation of $400 million. Transfers $90 million worth FTT on KuCoin. Refrains FTX from tracking its transactions. The Three Arrows Capital (3AC) has been facing quite tough times recently. Indeed, the entire crypto-based firms and institutions are undergoing the same pain. The Dubai-based crypto funding firm is under
NEXO dips 40% in 3 days. Nexo denies any partnership with Three Arrows Capital (3A). NEXO ought to bounce back once the market crisis is over. It’s so far been more than five days since the market crash started once again, and yet still persists. Moreover, it seems this condition
Coinbase and Gemini also chose to reduce the number of employees. The platform claims to have tried multiple ways to decrease losses. As a result of exceptionally challenging market circumstances, BlockFi has chosen to lay off 20% of its workforce. Investors and institutions alike have had a difficult time in
Members of the crypto community experienced a “Manic Monday” in the early hours of June 13, 2022, as the price of cryptocurrencies continued to fall. On top of all that, crypto lending giant Celsius said that all withdrawals, swaps, and transfers between accounts would be suspended indefinitely. Insolvency rumors have
The international summit MetaVentures Bangkok will be held on December 1-3, 2022. The exclusivity of the event opens the door to business and investment opportunities targeting a broad international audience. Investments, Blockchain, Metaverse and NFT, Biotech, DeFi, DAO, Digital Art, mining, payment systems and digital asset regulation are just some
The cryptocurrency industry contributed to technological development, but at the same time, it gave life to unsustainable and unreliable projects. Unfortunately, users often face scams and frauds in the crypto niche. To change the situation, ReiGroup combined DeFi, NFTs, Real Estate, and VaaS protocol, providing transparent and safe products. ReiGroup
The stock market has always influenced cryptocurrency and DeFi tokens. A direct consequence of Amazon’s move will be felt by holders of DeFi tokens that reflect AMZN stock on the crypto market. Amazon’s Stock Break Up On June 6th, the 20:1 stock split went into effect, dividing each existing AMZN
One of Singapore’s fastest-growing Decentralized Finance (DeFi) platforms has secured a crypto license from the Lithuanian Registrar of Legal Entities. It allows the platform to provide and operate crypto custodial wallets in Lithuania and exchange cryptocurrency. When the EU Markets in Crypto-assets Regulations (MiCA) comes into force, Cake’s cryptocurrency registration
