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Babel Finance Lost $280 Million Due To Unhedged Propriety Trading: Report
Friday, July 29, 2022 - 12:21pm | 399Read More...Beleaguered crypto lending platform Babel Finance lost more than $280 million in customer funds due to failed propriety trading after the markets suffered significant losses over the past few months, The Block reported Friday, quoting Babel's restructuring proposal deck. The...
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Crypto Exchange Zipmex To Resume Withdrawals
Thursday, July 21, 2022 - 5:33pm | 364Read More...Singapore-headquartered crypto exchange Zipmex said on Thursday it was exploring all possible options to resume customer withdrawals, a day after it froze all client funds. The exchange, having operations in Singapore, Australia, Indonesia and Thailand said, “Zipmex is...
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Fintech Focus For May 11, 2021
Monday, May 10, 2021 - 5:24pm | 1400Read More...Quote To Start The Day: “Any fool can know. The point is to understand.” Source: Albert Einstein One Big Thing In Fintech: The Industrial and Commercial Bank of China (ICBC), one of the largest banks in the world by total assets, appears to have quietly allowed public users to activate...
