Babel Finance, a cryptocurrency firm that is bending under the weight of significant debt, is looking to hire U.S. restructuring specialist firm Houlihan Lokey, CoinDesk reported Friday (July 1), citing anonymous sources. CoinDesk stated that neither Babel Finance nor Houlihan Lokey responded to requests for...
Today in data, cryptocurrency firms are scaling back their marketing efforts as a potential so-called “crypto winter” looms, while cryptocurrency lender Babel Finance is reaching agreements to repay some debts after freezing withdrawals on its platform. Plus, Elon Musk is reaffirming his support of dogecoin...
The U.K. Treasury has gone back on a new rule regarding practices related to data collection for unhosted wallets, according to a report published Monday (June 20). The HM Treasury report said there were mixed views on the requirement that crypto businesses must collect, but...
Babel Finance has suspended its withdrawals and redemptions, a company notice said. This comes as it notes that the crypto has seen “major fluctuations” and some industry players have seen “conductive risk events.” Because of that, Babel has been seeing “unusual” liquidity pressures, the company...
October 19, 2023
Crypto exchange Gemini and venture capital firm Digital Currency Group (DCG) are facing a lawsuit filed by New York Attorney General Letitia James, alleging the companies defrauded customers of $1.1 billion. The lawsuit, filed Thursday (Oct. 19), accuses Gemini and DCG’s Genesis Global Capital unit of not disclosing the risks associated with a crypto-lending program they launched in 2021, Bloomberg […]
July 03, 2022
Babel Finance, a cryptocurrency firm that is bending under the weight of significant debt, is looking to hire U.S. restructuring specialist firm Houlihan Lokey, CoinDesk reported Friday (July 1), citing...
June 20, 2022
The U.K. Treasury has gone back on a new rule regarding practices related to data collection for unhosted wallets, according to a report published Monday (June 20). The HM Treasury...
June 19, 2022
Babel Finance has suspended its withdrawals and redemptions, a company notice said. This comes as it notes that the crypto has seen “major fluctuations” and some industry players have seen...
