Tag: Babel Finance
Babel Finance Proposes Launching New Stablecoin To Repay Debtors
9 seconds ago | 2 mins read Defi News Babel co-founder Yang Zhou is...
Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report
Babel is on the verge of filing a moratorium extension that would prevent creditors from making claims for at least six months, the report...
Babel Finance Mulls New Token Launch to Repay Creditors
Babel Finance, the Hong Kong-based crypto lending platform, plans to introduce a decentralized stablecoin that will be used to repay the firm’s creditors, according...
Binance Reportedly Eliminates DCG’s TWAP Trades Citing Legal Risks
The world’s largest crypto exchange Binance has reportedly eliminated Barry Silbert’s Digital Currency Group’s (DCG) ability to make time-weighted average price (TWAP) trades....
This Week on Crypto Twitter: SBF Pleads Innocence via Excel, Twitter Reacts with Memes
It was the third full week of 2023, the third full week of consecutive gains for all leading cryptocurrencies, and the third week of...
Crypto bank Silvergate reveals $2.5M exposure to Genesis
Silvergate Capital, the parent company of Silvergate Bank, revealed limited exposure to Genesis Global Capital in a press release published on Jan. 20.Silvergate said...
Bybit Founder Addresses Concerns Over Firm’s $151M Exposure to Bankrupt Genesis
Ben Zhao, the founder of crypto exchange Bybit, took it to Twitter to address concerns raised over the company’s exposure to the now-bankrupt...
Gemini, Hedge Funds, and a DeFi App: Bankrupt Genesis Reveals List of Creditors
Defunct crypto broker Genesis has revealed the largest creditors in its recent Chapter 11 bankruptcy filing, with crypto exchange Gemini taking the top spot,...
Thailand SEC Reportedly Investigating Insolvent Zipmex Exchange
4 hours ago | 2 mins read
Exchange News
The sale of digital asset services and goods will be scrutinized by...
Thai SEC to Investigate Zipmex About Violating Certain Crypto Rules (Report)
Thailand’s Securities and Exchange Commission (SEC) has reportedly launched an investigation against the distressed cryptocurrency platform Zipmex.
The watchdog will inspect whether the latter...
Gemini Accuses DCG of Being Behind Genesis’ Woes
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Gemini’s co-founder Cameron Winklevoss wrote an open letter Tuesday accusing Barry Silbert, CEO of DCG, the parent company of Genesis trading,...
3AC Co-Founder Zhu Su Accuses DCG of Being Criminally Fraudulent
Three Arrows Capital (3AC), a Singapore-based crypto hedge fund, became one of the many industry participants that went bankrupt in the bear market....
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