Category: Crypto Lending
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Crypto Market Witnesses $1 Billion Liquidation in 24 Hours: A Closer Look!
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The cryptocurrency market experienced a notable shift in the past 24 hours as a staggering $1 billion worth of assets were liquidated. This sudden downturn has captured the attention of traders, investors, and enthusiasts alike. This article takes a deep dive into the circumstances surrounding this significant liquidation event and…
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Palau Archipelago Initiates Stablecoin Test on XRP Ledger!
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In a pioneering move in the western Pacific, an island nation is embracing Ripple’s technology to digitize its currency system. Palau, the Republic situated in the Pacific, is venturing into the world of cryptocurrencies by building its own Stablecoin on the XRP Ledger.
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Elon Musk’s Twitter Transformation to “X” Could Turn It Into The Largest Crypto Exchanges!
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Elon Musk, the enigmatic entrepreneur, is no stranger to the world of cryptocurrencies. With his influential tweets often impacting the market, he has demonstrated a keen interest in the digital asset space. Now, with his recent announcement of renaming Twitter to “X” and changing its logo, speculation has arisen that…
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BlackRock-CEO: Cryptocurrency to Outpace Every Single Currency!
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BlackRock’s CEO, Larry Fink, once again expresses a positive stance on the cryptocurrency sector, comparing Bitcoin and other cryptocurrencies to traditional currencies.
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Litecoin Halving is Coming – Will the Price Explode or Much Ado About Nothing!
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The Litecoin price has recently seen a period of stabilization after a strong surge following the Ripple victory in recent days. Generally, the trend of the Litecoin price has been upward for months.
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Understanding Crypto Halving: A Comprehensive Guide!
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Cryptocurrencies have been revolutionizing the financial world, and one of the most crucial events is “Crypto Halving.” The number of Bitcoins, for example, is limited to 21 million. More than 19 million Bitcoins have already been mined, leaving under 2 million left to be created. The Bitcoin protocol periodically reduces…
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Crypto Lender BlockFi Is Insolvent
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Following the collapse of the cryptocurrency exchange FTX, the U.S. bank BlockFi, which specializes in virtual currency, has now also filed for bankruptcy. More broadly, the BlockFi business has been on a knife-edge since the spring, when the collapse of several major crypto companies sent the market into a panic…
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Crypto Brokerage Genesis Needs $500 Million In Funding!
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Broker Genesis is struggling to raise fresh money for its credit division and is warning potential investors that the company may have to file for bankruptcy if its efforts fail, according to people familiar with the matter. “We have no plans to file bankruptcy imminently,” a Genesis spokesperson said in…
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BlockFi Facing Insolvency
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After the bankruptcy of FTX, BlockFi is also facing bankruptcy. Payouts were already stopped last week. The bankruptcy of crypto exchange FTX has sent shockwaves throughout the crypto industry and put many digital currencies under pressure. The industry is now concerned that other crypto exchanges could suffer the same fate.…
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The High-Risk Bet Of Crypto Lender Celsius Network!
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The crypto lending giant Celsius Network LLC is one of the highest-profile victims of the dawning Crypto Winter. On 12 June 2022, the company froze all withdrawals. Last week, rival lender BlockFi said it had struck a deal for a $250 million line of credit from a crypto exchange amid…