Babel Finance Reaches Counterparty Debt Repayment Agreement
Babel Finance stressed that it will actively fulfill its legal responsibilities to customers and try to avoid further transmission and diffusion of liquidity risks. Babel Finance, a Hong Kong-based crypto lending service, has resolved some of its immediate liquidity issues by striking debt repayment agreements with several of its counterparties. As previously reported, on June […]
Crypto Market Crash Affects Sports Sponsorships For Crypto Firms
The crypto market fall has made it harder for crypto firms to make fresh sponsorship arrangements with the sports teams they invested hundreds of millions of dollars in at the beginning of the year. The longer the crypto market remains negative, the fewer marketing arrangements with American sports teams are being pursued as crypto firms […]