Finance Redefined: Solana and Nomad bridge fall prey to exploits losing millions
The top 100 DeFi tokens had a mixed price action over the past week, with many seeing a downturn after some bullish action last week…
Babel Finance Loses $280 Million, 8,000 BTC Of Customer Funds: Report
Babel Finance lost $280 million of customer funds from unhedged trading. The amount includes 8,000 BTC. Babel is seeking a restructure through convertible debt that would see creditors become shareholders.Babel Finance, a financial services firm for cryptocurrencies, recently reported a staggering loss of its customers’ funds totalling over $280 million, according to a report from…
India finance minister: Digital assets policy needs international collaboration to be effective
Home » Business » India finance minister: Digital assets policy needs international collaboration to be effective India’s finance minister, Nirmala Sitharaman, has explained why the Ministry of Finance has not followed the same course as the Reserve Bank of India (RBI) in its approach to the digital assets market. She made the clarification in a response written…
Proposed finance bill clears path for stablecoin regulation in the UK
Home » Business » Proposed finance bill clears path for stablecoin regulation in the UK U.K. Finance Minister Nadhum Zahawi introduced the much-discussed Financial Services and Markets Bill to Parliament on Wednesday, containing provisions explicitly designed to address the use of digital assets, including stablecoins. The bill would further integrate definitions for digital assets and digital asset…
Finance Redefined: DeFi’s downturn deepens, but protocols with revenue could thrive
The majority of the top 100 DeFi tokens traded in green, with many registering double-digit gains over the past week…
El Salvador Finance Chief Says USD 800M Debt Default Won’t Happen, Bukele Says BTC Is ‘Inevitable’
Alejandro Zelaya. Source: a video screenshot, Ministerio de Hacienda / YouTubeEl Salvador’s finance minister says he is unworried by international markets forecasters’ predictions that the country will default on USD 800 million bond payments early next year.ElSalvador.com, the website of the newspaper El Diario de Hoy, quoted minister Alejandro Zelaya as stating that doors were…
Babel Finance to Repay ‘Some Debts’ and ‘Ease Its Short-term Liquidity Pressure’
Source: Adobe/tieroCrypto-financial services provider Babel Finance claims to have reached certain “preliminary agreements” with “major” and “relevant” players on the repayment period of “some debts” – easing its short-term liquidity pressure.Per today’s notice by the company,“We have communicated with major counterparties and relevant customers, and reached preliminary agreements on the repayment period of some debts,…
EU finance commissioner calls for swift passage of MiCA digital asset law
Home » Business » EU finance commissioner calls for swift passage of MiCA digital asset law The European Commission’s finance commissioner has called for a speedy resolution to the passage of the region’s proposed digital assets law, known as the Markets in Crypto Assets (MiCA) framework. Mairead McGuinness believes it will not only protect investors…
Finance Redefined: Three Arrow Capital and Celsius fall brings a tsunami of sell-off in DeFi
DeFi market saw a sharp decline in its TVL, falling over $25 billion from the last week due to sell-off pressure created by the bear market…
Inverse Finance exploited again for $1.2M in flashloan oracle attack
No user funds have been affected by the exploit, but Inverse Finance has incurred a debt and offered the attacker a bounty to return the stolen funds…