Babel Finance News

21.06 / 06:09

cryptocurrency Wall Street Journal Bitcoin Bitcoin holds near $20,000 as investors fear "domino effect"

cryptocurrency industry was on edge on Monday as bitcoin held just above $20,000 and investors feared that problems at major crypto players could unleash a wider market shakeout. Bitcoin, the world's biggest cryptocurrency, dropped on Saturday to as low as $17,592.78, falling below the key $20,000 level for the first time since December 2020. It picked up slightly during London trading hours on Monday, at around $20,510 at 1232 GMT. But it has still lost 55% of its value this year and 35% this month alone in the cryptocurrency sector's latest meltdown.

14.03 / 13:15

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

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.

06.03 / 23:55

Ethereum ETH BTC Twitter Stablecoin Bitcoin Troubled Crypto Lender Babel Finance Eyes Restructuring with Stable Asset Project – How Does it Work?

The troubled crypto lending firm Babel Finance is working on a new plan to raise money through a crypto-backed stablecoin.

20.06 / 14:21

cryptocurrency Lowe's Bitcoin Beware! Crypto Industry On Edge; Investors Fear Wider Market Shakeout

Bitcoin had dropped on Saturday to as low as $17,592.78.

20.06 / 12:59

business Stablecoin World Bitcoin Crypto industry fears contagion as bitcoin slips under $20,000

The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout.

20.06 / 12:37

Ethereum cryptocurrency Stablecoin Bitcoin Crypto meltdown: Bitcoin hovers around $20,000 as major players struggle

The cryptocurrency industry was on edge on Monday morning as investors feared that contagion from problems at major crypto players could unleash a major shakeout if not contained.

18.06 / 09:31

markets business cryptocurrency Withdrawals Crypto lending platform Babel Finance halts withdrawals citing ‘liquidity pressures’

Amid bearish market sentiments, cryptocurrency lending platform Babel Finance has announced that it was halting withdrawals as it was facing “unusual liquidity pressures.”

27.04 / 22:07

cryptocurrency Adoption Asia More Confidence By Banks Could Trigger 'Second Wave' Of Crypto Adoption - Expert Panel

Asia-focused banks and financial institutions consider there is a need for more regulatory clarity across the region, but also more confidence by financial institutions to trigger what could become the “second wave” of crypto adoption across the region, according to the participants of a debate held on the second day of the Crypto and Digital Assets Summit hosted by the Financial Times.

01.03 / 20:39

MARKET Ukraine war Bitcoin Bitcoin Pushes Higher Again with Ukraine War Turning into ‘Great Test Case’ for BTC

Bitcoin (BTC) and the broader crypto market continued to rise strongly today, as more analysts drew a parallel between the current market action and bitcoin’s role as sovereign money in a world heavily impacted by war and sanctions. According to the crypto exchange Bitfinex, the war in Ukraine could prove to be the first “great test case” for bitcoin.

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