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SumUp fundraising gives UK start-up €8bn valuation Read More »
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Biden’s blues: is the US president out of political capital? Read More »
Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access to the FT’s trusted, award-winning business news Digital Be informed with the essentialnews and opinion MyFT – track the topics most important to you FT Weekend – full …
Germany fears ‘maintenance’ shutdown of Russia gas pipeline Read More »
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After crypto financial service provider Babel Finance halted withdrawals and redemptions amid a market slump on Friday, the platform has now taken steps to ease short-term liquidity pressure. In a recent notice, the platform remarked that “an emergency assessment” of the company’s liquidity status was carried out. It also said, “We have communicated with major counterparties …
Babel Finance Releases Debt Repayment Arrangement Days After Freezing Withdrawals Read More »
On June 16, major cryptocurrency lending platform Babel Finance announced that withdrawals would be temporarily halted because of “unusual liquidity pressures.” Liquidity issues are currently challenging the survival of multiple DeFi services, especially lending platforms. Celsius has created a ripple effect on other lenders in the industry. BlockFi’s competitor has also suspended withdrawals of crypto …
More Problems: Distressed Lending Platform Babel Finance Rescued Amid Crisis Read More »
Nexo is a project that is part of a burgeoning decentralized finance (DeFi) sector that is aiming to replicate and replace a range of financial services that have been offered by more established, and traditional entities for a number of years. The advent of cryptocurrencies such as Bitcoin has resulted in the emergence of an …
Nexo Review: Fast Cash Loans Backed By Your Crypto Holdings Read More »
Vitalik Buterin. Source: a video screenshot, Lex Fridman / YouTube Ethereum (ETH) co-founder Vitalik Buterin has said he is “definitely” worried about centralization risks following The Merge, the event when the current Ethereum Mainnet merges with the beacon chain proof-of-stake (PoS) system. The Ethereum mastermind noted that Lido Finance, the largest provider of staking services …
Please try another search Economy 3 hours ago (Jun 22, 2022 06:01PM ET) 2/2 © Reuters. FILE PHOTO: U.S. Federal Reserve Board Chairman Jerome Powell faces reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a …
Fed’s Powell: committed to inflation fight, not trying to trigger recession Read More »
Please try another search Economy 5 hours ago (Jun 22, 2022 03:30PM ET) © Reuters. Figurines are seen in front of displayed stock graph and word “Inflation” in this illustration taken June 13, 2022. REUTERS/Dado Ruvic/Illustration By Davide Barbuscia NEW YORK (Reuters) – Central banks’ focus on fighting persistently high inflation could lead to a …
Inflation and recession dominate outlook, increase risk of accidents Read More »