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What is babel finance? babel finance news, babel finance meaning, babel finance definition - Blockchain.News
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ZipmexX Suspends Withdrawals, Citing Celsius and Babel Risk Exposure

ZipmexX Suspends Withdrawals, Citing Celsius and Babel Risk Exposure

Asia's leading digital asset exchange ZipmexX has suspended users' cryptocurrency withdrawals, citing the move as the exchange's assets could be swallowed up by the financial crisis facing the Celsius Network and cryptocurrency lender Babel Finance.

Babel Finance Halts Withdrawals as Crypto Market Plunges

Babel Finance Halts Withdrawals as Crypto Market Plunges

Amid the current selloff, Babel Finance has become the latest to suspend withdrawals. The crypto lender said that its woes are triggered by the current difficult market conditions.

In Talks with "Interested Parties" for Bailout, Says Zipmex

In Talks with "Interested Parties" for Bailout, Says Zipmex

Zipmex cryptocurrency trading platform is looking ahead as it has confirmed that it is in talks with interested parties who would like to bail out the platform from its recently identified woes.

Babel Finance to Hire Restructuring Specialist Houlihan Lokey: Sources

Babel Finance to Hire Restructuring Specialist Houlihan Lokey: Sources

Babel Finance has tapped restructuring specialist Houlihan Lokey to explore options for reworking its debt. The firm faces financial difficulties triggered by the current extreme market conditions.

Babel Finance Reaches Agreement on Modalities for Repayment of its Loans

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 its immediate operational burdens.

Crypto-financial Lender Babel Finance Secures $80m in Series B Funding, Valuated up to $2Bn

Crypto-financial Lender Babel Finance Secures $80m in Series B Funding, Valuated up to $2Bn

Hong Kong-based crypto-financial lender Babel Finance has raised $80 million in Series B funding at a valuation of $2 billion.

Zipmex Files for Bankruptcy Protection, Seeking Moratoriums from Third Party Creditors

Zipmex Files for Bankruptcy Protection, Seeking Moratoriums from Third Party Creditors

Singapore-based crypto trading platform Zipmex has filed a moratorium for seeking bankruptcy protection from the local court. Some of its core activities have been suspended.

Babel Finance explores new restructuring opportunities with DeFi project

Babel Finance explores new restructuring opportunities with DeFi project

Babel Finance is considering a new restructuring opportunity that involves the creation of a new decentralized finance (DeFi) project called Hope. This project aims to generate revenue to repay debts owed to creditors, and will mint a new stablecoin using Bitcoin and Ether as collateral.

Top Executives Quit as Babel Finance Sees Financial Woes

Top Executives Quit as Babel Finance Sees Financial Woes

Top employees are leaving Babel Finance as the firm has not reached an amicable solution to its accounting challenges. Meanwhile, thousands of customers are still unable to access their funds.

Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

DeFi stands for decentralized finance, which owns the blockchain advantages, thus removes trusted third parties and more. DeFi will have profound impact to traditional financial industries.

HK FinTech Week: What’s Next for Blockchain in Finance?

HK FinTech Week: What’s Next for Blockchain in Finance?

HK FinTech Week: What’s Next for Blockchain in Finance?

Ways DeFi is Changing Finance and its Stand in 2020

Ways DeFi is Changing Finance and its Stand in 2020

Decentralized finance (DeFi) is the bridge between traditional centralized currency and decentralized cryptocurrencies like Bitcoin, Ethereum. Here's how it's changing finance.

Finality: A Necessary Condition for Blockchain Applications in Finance

Finality: A Necessary Condition for Blockchain Applications in Finance

Settlement finality is critical in the world of traditional finance. The same applies to decentralized finance built on distributed ledger technologies (DLT).

Yearn.finance Takes Pickle Finance Protocol Onboard to Enhance DeFi Rewards

Yearn.finance Takes Pickle Finance Protocol Onboard to Enhance DeFi Rewards

Leading DeFi protocol Yearn.finance has absorbed Pickle Finance to create a structure that will leverage shared expertise, boost specialization, and minimize work duplication.

French Finance Minister Praises Blockchain, but Condemns Cryptocurrency

French Finance Minister Praises Blockchain, but Condemns Cryptocurrency

French Finance Minister Bruno Le Maire has once again made his stance on crypto clear – he is critical of it and does not support it.

BNY Mellon Joins Marco Polo Trade Finance Consortium

BNY Mellon Joins Marco Polo Trade Finance Consortium

The Bank of New York Mellon, which boasts nearly $2 trillion under management, is the 28th bank to join the Marco Polo trade finance consortium. And according to CoinDesk, the bank is quite eager to go “live:”

Thailand Finance Ministry Eyes Blockchain Technology to Revamp Service Delivery

Thailand Finance Ministry Eyes Blockchain Technology to Revamp Service Delivery

Uttama Savanayana, Thailand’s Finance Minister, has revealed that his ministry wants to use blockchain technology for system upgrades intended for optimal service delivery to citizens.

Pickle Finance DeFi Protocol Loses $19.7 Million In DAI Stablecoin in “Massive” Hack

Pickle Finance DeFi Protocol Loses $19.7 Million In DAI Stablecoin in “Massive” Hack

Pickle Finance becomes the latest DeFi Protocol to suffer from hacking, losing almost $20 million in DAI stablecoin.

WEF: Blockchain Can Drive Sustainable Digital Finance for a Low-Carbon Economy

WEF: Blockchain Can Drive Sustainable Digital Finance for a Low-Carbon Economy

The World Economic Forum (WEF) has highlighted Blockchain as a driver of sustainable digital finance for a low-carbon economy

India’s Finance Minister Says Crypto Ban May not Happen and Government May Experiment with New Technologies

India’s Finance Minister Says Crypto Ban May not Happen and Government May Experiment with New Technologies

India’s Finance Minister, Nirmala Sitharaman, has revealed that the government is not intending to completely ban cryptocurrencies.

Frankfurt Main Finance: Establishing Trust Between Continental Networks

Frankfurt Main Finance: Establishing Trust Between Continental Networks

Frankfurt Main Finance is one of the founding members of the World Alliance of International Financial Centres (WAIFC). The mission of the Alliance is to establish transparent networks that facilitate cooperation and sharing of best practices for financial centres globally in the face of breakthrough technologies and rapid social change.

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