Babel Finance – an Asian crypto lending platform coming off a $2 billion valuation – has revealed that it is facing liquidity pressures. In response, it has paused all withdrawals and redemptions from...
Tag: Finance
Inverse Finance exploited again for $1.2M in flash loan oracle attack
Just two months after losing $15.6 million in a price oracle manipulation exploit, Inverse Finance has again been hit with a flash loan exploit that saw the attackers make off with $1.26 million in Te...
Crypto Lending Platform Babel Finance Halts Withdrawals Following Celsius
3 hours ago | 2 mins read Defi News 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 ...
Babel Finance Halts Withdrawals, Citing Low Liquidity
Key Takeaways Babel Finance suspended withdrawals and redemptions today, citing liquidity pressures as its reason for doing so. The firm did not say if or when it would resume services but said that i...
Babel Finance Halts Client Withdrawals & Resumptions, Is Crypto Space Under Deep Waters?
Babel Finance, an Asian-based crypto financial service has now halted client withdrawals amid the turmoil within the crypto space. The Hong-Kong based crypto lender Babel Finance through an announceme...
Hong Kong based Babel Finance freezes withdrawals as contagion spreads
Babel Finance suspends all further withdrawals, citing that it is “facing unusual liquidity pressures” as the crypto market flounders, perhaps due to the ongoing issues with Three Arrows Capital and C...
Inverse Finance drained for $1.2 million in a flash loan attack
A decentralized finance (DeFi) protocol called Inverse Finance suffered a flash loan exploit on Thursday, with the hacker making off with about $1.2 million. Notably, this comes after Inverse Finance ...
DeFi tokens that will get you into the world of decentralized finance
Coin98 C98/USD, UMA UMA/USD, and Wanchain WAN/USD are all solid decentralized finance (DeFi) tokens that you can pick from as of June 17, 2022. On June 16, 2022, Coin98 announced that the cryptocurren...
DeFi Lender Inverse Finance Emptied Of $1.2M In Yet Another Exploit ⋆ ZyCrypto
Advertisement     Ethereum-based lending protocol Inverse Finance today became the victim of yet another exploit. The attacker made off with more than $1.2 million wor...
DeFi Protocol Inverse Finance Hacked Again for $1.2M
Decentralized lending platform Inverse Finance has again become a victim of hackers, losing $1.26 million this time. Inverse Finance Loses $1.2M to Hackers Blockchain security and data analytics compa...
DeFi Lender Inverse Finance Drained for $1.6M
Ethereum-based DeFi lending protocol Inverse Finance suffered yet another hack. Peckshield was the first to observe the flash loan attack following which it revealed that the attacker carried out an e...
Swapped Finance, the Next-Gen AMM, Launches on Shardeum Network
Swapped Finance recently announced its launch on the Shardeum blockchain. The platform will introduce a DEX (decentralized exchange), Staking, Yield Farming, and an AMM (automated market maker) to Sha...
El Salvador Finance Minister: Bitcoin Crash Poses ‘Extremely Minimal’ Fiscal Risk
The ongoing crypto market crash poses an “extremely minimal” fiscal risk to El Salvador, which has purchased millions in Bitcoin for its treasury, the country’s finance minister said...
Crypto Finance to support Tron Blockchain and its native Token
Zurich, Switzerland, 15th June, 2022, Chainwire TRON, one of the largest and most popular public blockchains, has announced that TRX will be supported by Crypto Finance. More TRON-based tokens are exp...
Is the Crypto Market going to witness another Liquidation crisis, this time Lido Finance?
Given the ongoing situations of the crypto market, a lot of crypto related firms and projects are on the verge of liquidity crisis The chaos created after effects of Terra (LUNA) network’s collapse, a...
Finance expert says BTC price burst is ‘long overdue’ as Bitcoin isn’t an asset but ‘a collectible’
Economist Peter Schiff has said the ongoing Bitcoin correction should not be a surprise terming the price movement as an ‘overdue bubble burst’. Speaking during an interview with Fox Business on June...
Bitcoin Crash Puts ‘Extremely Minimal’ Fiscal Risk on El Salvador, Finance Minister Says – crypto.news
El Salvador’s finance minister said on Monday that the country’s economy would not be affected by the sudden drop in the value of bitcoin. Despite the criticism from international agencies and the Int...
Can MATIC increase in value after Spritz Finance bill pay beta launch?
Polygon MATIC/USD is essentially an Ethereum scaling and infrastructure development solution. It features a Polygon SDK, which is a modular framework intended to support a variety of different types o...
Spritz Finance Announces Launch Of Its Bill Pay Product Beta On Polygon Network
Advertisement     Spritz Finance is elated to announce that its beta testing for its bill pay product is now open to all Polygon Network users. Spritz Finance is a Web...
VENT Finance Backs WingRiders DEX In Its First-Ever General Pool Sale
The Cardano and Polygon ecosystem launchpad VENT Finance is inviting its community to back WingRiders through its first-ever General Pool Sale. VENT’s GPS is a departure from the traditional IDO launc...
El Salvador ‘has not had any losses’ due to Bitcoin price dive, Finance Minister says
Alejandro Zelaya, the Minister of inance of El Salvador, reacted to the recent media attacks on the nation’s strategy of investing in Bitcoin (BTC) by calling the allegations of fiscal risks “extremel...
El Salvador’s Finance Minister Says Bitcoin Crash Will Not Affect Country’s Fiscal Health
El Salvador’s Finance Minister Alejandro Zelaya has revealed that the recent crash in Bitcoin and crypto prices has minimal risk to the country’s fiscal health. El Salvador Records $40M Paper Loss in ...
PAXO Finance Launches An Incentivized Testnet : Reward 200,000 Paxo tokens
– Advertisement – PAXO Finance, a blockchain-agnostic and decentralized undercollateralized money market protocol, is proud to announce the launch of the first Incentivized Testnet program...
Spritz Finance bill pay beta launches on Polygon Network
Greenwich, Connecticut, 14th June, 2022, Chainwire Spritz Finance, a Web3 personal finance platform for decentralized finance (DeFi) users to easily pay their bills with crypto, announced today that t...
El Salvador’s Bitcoin Holdings Losses $40M In Value But Finance Minister Believes Recent Collapse Will Not Hurt Economy
– Advertisement – El Salvador’s Finance Minister Believes Recent Bitcoin Collapse Will Not Hurt Their Economy. On Monday, Alejandro Zelaya, El Salvador’s Minister of Finance, dispelled c...
Exploring the Comprehensive Strength of KiKi Finance, at the Moment When the Staking Track Broke Out
Place/Date: – June 13th, 2022 at 5:24 pm UTC · 4 min read Source: KiKi Finance As a way for investors to hold tokens to earn interest, and it is also the most indispensable part of the current D...
El Salvador’s Fiscal Risk Is Extremely Minimal Despite BTC’s Crash, Says Finance Minister
The first nation to legalize BTC inside its borders sits on a substantial unrealized loss from its bitcoin stack. However, its Finance Minister, Alejandro Zelaya, reassured that the most recent market...
El Salvador’s Finance minister Downplays Bitcoin Price Fall Risk Associated
47 mins ago | 2 mins read Bitcoin News El Salvador’s government has bought 2,301 units of cryptocurrency in total. An $800 million bond issued by El Salvador is due in January 2023. Alejandro Zelaya, ...
How Capricorn. Finance Became The New Favorite Among VCs and DEX Users
Each year, we see that thousands of new crypto protocols are designed in a bid to challenge existing DeFi giants like Uniswap, Aave or Curve. However, merely a few of them succeed. Capricorn.Finance, ...
Yupana Finance and TezFin are now having their testnets
Both Yupana.Finance and TezFin (Tezos Finance) are about to become the primary loaning platform to launch on Tezos mainnet. Suburbanized lending platforms are one amongst the numerous applications tha...