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The Latest Breaking News from Babel Finance

Bailout of crypto exchange Zipmex falters

The rescue plan for the embattled regional crypto exchange Zipmex is beginning to fray after the company failed to receive the most recent payment due under a US$100-million venture capital buyout.

The search is on for new SEC leader

The search is on for new SEC leader

The process to find a new secretary-general of the Securities and Exchange Commission (SEC) is likely to begin soon after the regulator’s board decided on Thursday not to extend the term for current boss Ruenvadee Suwanmongkol.

Zipmex predicts crypto rebound in 2025

Zipmex predicts crypto rebound in 2025

The likelihood of an economic recession this year could delay the recovery of the digital asset industry by another year to 2025, says a source from Asian crypto exchange Zipmex, noting the recent surge in prices could be short-lived.

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Warning issued over DeFi transactions

The Securities and Exchange Commission (SEC) is warning investors to exercise caution when making decentralised finance (DeFi) transactions, saying there are risks and they do not fall under the supervision of the country's regulators.

Zipmex files for bankruptcy protection in Singapore

SINGAPORE: The cryptocurrency exchange Zipmex said on Friday that it has filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies.

Explainer: The lowdown on the Zipmex situation

Analysts have commented on the implications on investor confidence and markets following Thailand's major digital asset exchange platform Zipmex's announcement of a memorandum of understanding (MoU) with interested parties.

Authorities probe potential losses for users of crypto platform Zipmex

The Securities and Exchange Commission said on Monday it was working with law enforcement to look into potential losses among the public after the crypto exchange Zipmex temporarily suspended withdrawals last week.

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Zipmex investors face major losses

Zipmex investors face major losses

Akalarp Yimwilai founder and CEO of Zipmex said on Thursday that the exchange’s financial exposure to troubled crypto lenders Babel and Celsius is US$48 million, or 1.7 billion baht, and $5 million, or 184 million baht, respectively, as of July 21. Celsius filed for bankruptcy on July 13.

Crypto: Liquidity Crisis Spreads to Major Exchanges

Crypto: Liquidity Crisis Spreads to Major Exchanges

The crisis of confidence affecting crypto lenders is now spreading to major exchanges.

Crypto Crisis Brings Back Ghosts of Lehman Brothers

Crypto Crisis Brings Back Ghosts of Lehman Brothers

The crypto industry is going through an unprecedented crisis of confidence.

Crypto lender Vauld freezes withdrawals, eyes restructuring

Crypto lender Vauld freezes withdrawals, eyes restructuring

Vauld, a crypto lender backed by Coinbase Inc, said it froze withdrawals and hired advisers to explore a potential restructuring, joining rivals from Celsius Network to Babel Finance in resorting to last-ditch measures to survive the market rout.

Bitcoin Rebounds After Falling Below $18,000

Bitcoin Rebounds After Falling Below $18,000

The most popular cryptocurrency has been in free fall for several weeks now.

Crypto Lending Platform Babel Halts Withdrawals Citing 'Liquidity Pressures'

Crypto Lending Platform Babel Halts Withdrawals Citing 'Liquidity Pressures'

Amid bearish market sentiments, cryptocurrency lending platform Babel Finance has announced that it was halting withdrawals as it was facing “unusual liquidity pressures.”

Bitcoin Tumbles Below $19,000 for the First Time Since 2020

Bitcoin Tumbles Below $19,000 for the First Time Since 2020

The most popular cryptocurrency has been in free fall for several weeks now.

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Crypto Bytes: Here's What's Going On With Crypto Today

The worldwide cryptocurrency market capitalization is at $892 billion, down from $893.3 billion on Friday morning. The Hong-Kong based cryptocurrency lender Babel Finance joined Celsius in the suspension of withdrawals, according to the company’s website.

Coffee And Crypto News: What's The Price Of Bitcoin Right Now?

The worldwide cryptocurrency market capitalization is $893.3 billion Friday, down from $906.5 billion on Thursday afternoon. The Hong-Kong based cryptocurrency lender Babel Finance joined Celsius in the suspension of withdrawals, according to the company’s website.

Crypto Suffers Another Blow: Babel Finance Freezes Withdrawals

The crypto firm suspends withdrawals and redemptions in latest shock to the crypto sector, leaving investors to ask 'who's next?'

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