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Charles Hoskinson on Bridging Bitcoin and Cardano: A New Era Begins

28.10.2024
Cardano’s founder, Charles Hoskinson, recently shared insights into a groundbreaking development for the blockchain: the integration of Bitcoin…

Today in Crypto: Luno Leaving Singapore, Wirex Launching Private ‘Luxury Service’, Court Extends Creditor Protection for Babel Finance

18.4.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: Luno Leaving Singapore, Wirex Launching Private ‘Luxury Service’, Court Extends Creditor Protection...

Crypto lender Babel gets extended creditor protection in Singapore

18.4.2023
Hong Kong-based Babel Finance will have more than a year to repay debts to its creditors after suspending withdrawals in June 2022

Former CEO of Troubled Crypto Firm Creates New Stablecoin – How Does it Work?

14.3.2023
Flex Yang, the former CEO and founder of Babel Finance, has introduced a new decentralized stablecoin backed by crypto-native reserves and an entire DeFi ecosystem built around it. Yang claimed the Hope stablecoin blends centralized finance (CeFi), decentralized finance (DeFi) and traditional...

Crypto’s Latest Stablecoin is Called HOPE, Started by Ex-Babel Finance CEO Flex Yang

13.3.2023
HOPE will serve as the native stablecoin for the new Hope ecosystem, which is focused on bringing traditional finance users to the crypto market

Troubled Crypto Lender Babel Finance Eyes Restructuring with Stable Asset Project – How Does it Work?

6.3.2023
The troubled crypto lending firm Babel Finance is working on a new plan to raise money through a crypto-backed stablecoin. The new stablecoin that is being proposed is called Babel Recovery Coin. The plan is for the coin to maintain a $1 price in the market through a system of trading incentives...

Babel wants to repay creditors via special ‘recovery coins’: Report

6.3.2023
Babel reportedly owes $524 million worth of Bitcoin, Ether and other tokens due to “risky trading activities” by co-founder Wang Li

Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report

6.3.2023
Hong Kong-based crypto lender Babel Finance is planning on issuing a crypto-backed stablecoin in unison with a decentralized finance (DeFi) platform in an attempt to repay creditors following a $766 million loss last year

Three Arrows 'Mess' & Babel's Losses, Ethereum's Testnet, Bitcoin's Defense, NFT ETF Zone + More News

29.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________... Read More: Three Arrows 'Mess' & Babel's Losses, Ethereum's Testnet, Bitcoin's Defense, NFT ETF Zone + More News

Babel Finance Lost $280M Trading Customer Funds: Report

29.7.2022
Babel Finance, the Hong Kong crypto lender that suspended withdrawals in June, reportedly lost $280 million in proprietary trades with customer funds

Q2 2022 Cryptocurrency Report Highlights Terra’s Collapse and Capital Exiting the Crypto Ecosystem

23.7.2022
On July 13, the dedicated crypto price tracking, volume, and market capitalization web portal Coingecko published the company’s “Q2 2022 Cryptocurrency Report” which discusses the last quarter’s crypto market action and insights. The 46-page report explains how the Terra...

Zipmex Confirms Loans Worth $53M to Babel and Celsius

21.7.2022

Zipmex a Victim of Crypto Contagion as Concerns Grow Over Babel Loan: Sources

20.7.2022
The exchange suspended client withdrawals early Wednesday amid rumours of financial troubles

Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company

9.7.2022
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius...

Report: Blockchain.com CEO Reveals Company Lost $270 Million From 3AC Exposure

8.7.2022
According to a report published on July 8, the cryptocurrency firm Blockchain.com lost $270 million from exposure to the crypto hedge fund Three Arrows Capital (3AC). The news was shared in a recent letter to shareholders written by the company’s CEO Peter Smith. The Blockchain.com executive...