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“Clearly, they're urging extreme caution,” said Alexandra Barrage, a banking lawyer at Davis Wright Tremaine who was previously a senior official at the FDIC. She said they likely had Silvergate and similar banks in mind when they issued these warnings, which she said have shown an unusual willingness for the
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Sam Bankman-Fried, the disgraced founder of cryptocurrency exchange FTX, borrowed over $546 million from the exchange’s sister firm Alameda Research to fund his purchase of Robinhood shares.Those same shares were later used by Bankman-Fried as collateral for a loan taken by Alameda from BlockFi, one of the entities that are
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Crypto lender BlockFi, which also filed for bankruptcy, alleged in a court document that it was owed the rights to the Robinhood shares due to a deal Bankman-Fried made in early November. The shares were pledged as collateral against a loan taken out by Alameda Research – the same firm
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The trader, identified on Twitter and tagged by blockchain analysts as Avraham Eisenberg, borrowed 40 million Curve (CRV) tokens (worth $20 million at the time) using the decentralized lending platform Aave, then transferred them to the OKEx crypto exchange. Original Source
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Some of the issue lies in the mechanics of NFT trading, where floor prices will adjust as ETH’s price fluctuates against the U.S. dollar. Despite ETH’s climb from $1,000 to nearly $2,000 in the past month, lending services like BendDAO remain denominated in their originally lended token, causing some Bored
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Kate Middleton and Meghan Markle are allegedly not the best of friends. Yet, the Duchess of Cambridge has a whole new social media swag. She’s clearly benefited from Markle’s influence on this new look. Kate Middleton and Meghan Markle allegedly don’t get along. If you believe the British tabloids,
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