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  • Babel Finance reached a counterparty debt arrangement

    Babel Finance reached a counterparty debt arrangement0

    Babel Finance, a Hong Kong-based crypto lending company, has resolved some of its short-term liquidity issues by striking debt repayment agreements with several of its counterparties. The firm stated that it will actively fulfill its legal commitments to avoid further transmission and diffusion of liquidity risks. On Friday, the firm announced a temporary suspension of

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  • USDD Trades Below $1 for an Entire Week — Has Not Depegged

    USDD Trades Below $1 for an Entire Week — Has Not Depegged0

    The Tron-based stablecoin USDD has been trading below the US dollar since June 12, 2022. USDD had a 24-hour trading range of about $0.943 to $0.966 per unit on Monday, and an all-time low of $0.928 per unit the day before on June 19. In a Twitter discussion about a combination of a “on-chain mechanism

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  • Crypto winter has put a stop to sports sponsorships

    Crypto winter has put a stop to sports sponsorships0

    The crypto market crash has made it harder for crypto companies to sign fresh sponsorship arrangements. Crypto market remains gloomy and will further take off more marketing deals with American sports teams. Exchange of cryptocurrencies According to a Monday story from the New York Post, FTX has been revising its marketing plan to plaster its

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  • Video reignited the debate — Yuga Labs’ flagship BAYC non-fungible token (NFT) collection

    Video reignited the debate — Yuga Labs’ flagship BAYC non-fungible token (NFT) collection0

    Yuga Labs’ most popular NFT collection contains allegedly racist and white supremacist symbols, according to a new video. Yuga Labs’ flagship BAYC nonfungible token (NFT) collection incorporates racist imagery and white supremacist esotericism has been reignited. Rusnack set out his case, arguing that BAYC is “one giant alt-right inside joke”. And it uses language, symbols,

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