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Genesis Global is suing its parent company, Digital Currency Group (DCG), to recover $620 million in unpaid loans amid ongoing bankruptcy proceedings and settlement talks. The lawsuit was filed in a New York bankruptcy court on Wednesday, Sep. 6. Genesis’ lawsuit centers on loans they claim matured in May. This debt
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The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments. Source
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Bitcoin (BTC) miner Bitfarms has settled its debt obligations with BlockFi, closing the chapter on its short relationship with the bankrupt cryptocurrency lender. On Feb. 9, Bitfarms disclosed that it had settled its $21 million debt obligations with BlockFi for a single $7.75 million cash payment. The settlement was reached weeks
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Cryptocurrency market maker Wintermute has $200 million in outstanding DeFi debt to several counterparties, according to data provided by Nansen. Source
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Centralized crypto lender BlockFi disclosed that as of the end of Q2, it had $1.8 billion in outstanding loans from institutional and retail investors and $600 million in “net exposure.”The disclosure came from its July 21 Transparency Report for Q2 where the firm outlined its risks relating to liquidity and
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The effect of the metaverse may be clearly seen in the physical world, and it extends to all sectors. As a result of the rise, lives will transform and a truly digital era will take over. In a nutshell, the Metaverse’s possibilities are almost limitless. Cardalonia is one of the most
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The best cryptocurrency exchange for traders globally The cryptocurrency sector has many opportunities. People around the globe are seeking crypto trading services each day. But, sadly, fraudsters take advantage of the high demand to con innocent traders.It is advisable to be cautious when looking for an exchange. Consider reviews by experts
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Chinese cryptocurrency lending startup Babel Finance said it has reached a record of $380 million in outstanding loans as of February.Flex Yang, co-founder of Babel Finance, said on Thursday the firm's outstanding loans have grown from $52 million-worth of USDT as of Q1 2019 to $289 million as of the
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