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“This collaboration unlocks unprecedented access to a trillion-dollar market, offering users transparency and trust,” said Qin En, principal at Saison Capital, a venture capital firm that invested in both Finblox and OpenEden. “Beyond portfolio diversification, it offers the potential for more reliable and safer yields.” Original Source
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Cryptocurrency staking and yield generation platform Finblox increased a $1,500 cap on withdrawals as it deals with the fallout from its exposure to Three Arrow Capital. Original Source
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On Monday, however, Babel said it had reached preliminary agreements with counterparties on the repayment of some debts that led to the halt on withdrawals. "We have actively communicated with shareholders and potential investors, and will continue to communicate and obtain liquidity support," Babel said in a statement. Original Source
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Crypto staking and yield generation platform Finblox has imposed a $1,500 monthly withdrawal limit and paused rewards in light of uncertainty surrounding crypto hedge fund Three Arrows Capital, which made a $3.6 million investment in the Hong Kong-based platform last December. Original Source
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