Hong Kong-based crypto lending firm, Babel Finance, has eased some of its immediate liquidity troubles by reaching debt repayments agreements with some of its counterparties. As previously reported, t...
Tag: Finance
Babel Finance Reaches Agreement on Modalities for Repayment of its Loans
Following the halt of its withdrawals amidst its inability to pay its creditors as the crypto market meltdown took a bearish turn in the past few days, Babel Finance has announced measures to ease off...
Crypto Unicorn Babel Finance Moves To Solve Liquidity Crisis
Crypto lender Babel Finance on Monday said it has signed preliminary agreements with several counterparties on the repayment period of some debts. The preliminary agreements will help ease the company...
Bitcoin Reclaims $20,000, But This Famed Finance Personality Warns Of Bull Trap Potential ⋆ ZyCrypto
Advertisement     After a weekend of ruthless losses, the correction appears to have paused. Bitcoin reclaimed $20,000 on Sunday after a bloodbath a day earlier had ca...
Babel Finance reaches debt agreement to ease liquidity pressure
? Want to work with us? CryptoSlate is hiring for a handful of positions! Cryptocurrency lender Babel Finance, which halted withdrawals on June 17 citing liquidity pressure, has reached preliminary ag...
Babel Finance secures debt repayment agreements with major counterparties
Crypto lender Babel Finance has announced that it has secured some preliminary agreements with some of its major counterparties regarding debt repayment amid the current market conditions. The announc...
Russian Ministry of Finance dismisses selling oil for Bitcoin
The use of cryptocurrency as a payment method for international transactions is being considered for small private business contracts in Russia, but this will apparently not affect oil supplies. Dire...
Russian Finance Ministry Rules Out Sale of Oil for Bitcoin – Economics Bitcoin News
The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the departmen...
Babel Finance Halts Withdrawals Following Celsius; Amber Group Reveals Where It Stands
Babel Finance, a crypto-financial service provider, has stopped withdrawals and redemptions citing ‘liquidity pressure’ as cryptocurrency prices continue to drop, following the steps of Celsius. The...
Sberbank to Conduct First Digital Asset Transaction on Own Platform – Finance Bitcoin News
Russia’s largest bank, Sberbank, is going to carry out the first transfer of digital assets on its own dedicated platform within a month, a top executive revealed this week. The announcement comes aft...
Logarithmic Finance (LOG) and Axie Infinity (AXS): Two Great Contenders in the Market
Place/Date: – June 19th, 2022 at 11:03 am UTC · 3 min read Source: Logarithmic Finance Cryptocurrencies have taken the world by storm, with Bitcoin (BTC) and Ethereum (ETH) at the forefront. But...
Logarithmic Finance (LOG) will revolutionise the Decentralized Finance Blockchain with features to rival TRON (TRX) And THORChain (RUNE)
A series of world events and economic situations like – inflation, stagflation, hyperinflation, and many more have shaped the crypto space over time. However, the volatility of some of the decentraliz...
Babel Finance Halts Withdrawals as Crypto Market Plunges
Babel Finance, a cryptocurrency lending firm based in Hong Kong, on Friday, announced that it has temporarily paused the withdrawals and redemption of crypto assets. The move comes as the crypto lende...
Babel Finance Halts Withdrawals Due to ‘Unusual Liquidity Pressures’ – crypto.news
As per a statement on the company’s website, Babel Finance, a Hong Kong-based crypto lender, has halted withdrawals and redemptions. Babel Experienced Strange Liquidity Pressures “Babel Finance is exp...
Logarithmic Finance (LOG) and Shiba Inu (SHIB)
The past week saw a tremendous crash in the crypto market. The downward trend has almost been a constant since the beginning of the financial year and has growingly become a concern for investors and ...
Babel Finance suspends withdrawals due to “unusual liquidity pressures”
? Want to work with us? CryptoSlate is hiring for a handful of positions! As the crypto winter prolongs, its effects are rippling into different areas of the crypto ecosystem and forcing difficult dec...
Babel Finance Pauses Withdrawals After Celsius; Amber Group Clarifies Position
Crypto financial service provider Babel Finance has halted withdrawals and redemptions amid a market slump, soon after Celsius did the same, citing ‘liquidity pressure’ In a recent release, the Hong K...
Three Cryptocurrencies To Make You Richer – Logarithmic Finance (LOG), Uniswap (UNI), and Solana (SOL)
The idea of cryptocurrencies is to build decentralised finance, a world where financial power returns to the people as individuals, as opposed to governments or third parties or centralised systems. B...
Flash Crypto Crash! Now Is The Best Time To Invest In These High-Potential Coins: Logarithmic Finance (LOG), Cardano (ADA), And Avalanche (AVAX).
While the U.S. dollar has fallen, the cryptocurrency market has managed to outpace its value, rewarding those who invested early. However, the cryptocurrency market is still volatile. Today the market...
Babel Finance suspends redemptions and withdrawals
Babel Finance, an asset management firm based in Hong Kong, has become the latest cryptocurrency lending platform to announce facing liquidity issues amid the market recession. Babel Finance announced...
Crypto Lending Platform Babel Finance Pauses Withdrawals, Citing ‘Liquidity Pressures’
Babel Finance has become the latest crypto lending platform to suspend redemptions and withdrawals, the Hong Kong-based company said in a blog post Friday. The firm stated it was “facing unusual liqui...
Which decentralized finance innovations are expected by the DeFi community?
While the broader crypto market is on a downward spiral and social media is plagued with fears and complaints, some are choosing to focus on the decentralized finance (DeFi) space’s potential fo...
Babel Finance Places Temporary Restrictions On Withdrawals
Asia based crypto financial service provider Babel Finance announced on its website earlier today that withdrawals and some other operations will be stopped temporarily. The company cited “unusual liq...
Crypto lender Babel Finance halts withdrawals due to liquidity pressures
Hong Kong-based asset manager Babel Finance is the latest cryptocurrency lending firm experiencing some serious issues amid the ongoing market downturn. Babel Finance officially announced Friday a tem...
DeFi Protocol Inverse Finance Exploited, $1.2 Million Stolen in Flash Loan Attack – crypto.news
Ethereum-based open-source protocol Inverse Finance suffered another hack which led to the loss of over $1.2 million worth of cryptocurrencies. The exploit is the platform’s second attack in two month...
Inverse Finance DeFi Drained, Here’s What’s Special About This Hack
Vladislav Sopov Inverse Finance, large digital bank, is under attack; over $1.25 million in liquidity might be stolen Contents Inverse Finance DeFi protocol suffers $1.2 million hack Bots behind large...
Babel Finance Temporarily Suspends Withdrawals Due to “Unusual Liquidity Pressure”
Hong Kong-based cryptocurrency lending company Babel Finance has temporarily suspended its services, citing liquidity pressure due to extreme market conditions. Babel Finance Halts Withdrawals In a b...
Crypto Suffers Another Beating: Hong Kong-Based Babel Finance Halts Withdrawals
Babel Finance, based in Hong Kong, has temporarily halted withdrawals and redemptions of crypto assets on Friday, as the lender struggles to pay its investors as the ongoing bear market deals a heavy ...
Crypto Suffers Another Blow: Babel Finance Freezes Withdrawals
Crypto financial services company Babel Finance said it was temporarily suspending withdrawals and redemptions in the latest blow to the cryptocurrency sector. The Hong Kong-based company said in a Ju...
Platypus Finance Pioneers Unbiased NFT Minting On Avalanche
Hong Kong, Hong Kong, 17th June, 2022, Chainwire NFT owners and traders alike have had their woes about NFT minting: it’s not a fair mint to begin with. Most projects’ minting method is off-chain, mak...
Inverse Finance Yet Again Exploited of $1.2 Million by Hackers
2 hours ago | 2 mins read Defi News Flash loans are a sort of crypto loan often obtained and reimbursed in a single transaction. The attackers could convert 99,976 USDT and 53.2 wBTC into ETH. For the...
Inverse Finance suffers another attack; Hacker steals $1.3 million, causes $5.8 million protocol loss
? Want to work with us? CryptoSlate is hiring for a handful of positions! Inverse Finance on June 16 suffered another attack, with an oracle price manipulation exploit allowing a hacker to steal about...