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40 Banks Shut Down in Sudden ‘Vanishing Act’ – Absorbed Into Larger Lenders As Economy Teeters in China: Report

40 Banks Shut Down in Sudden ‘Vanishing Act’ – Absorbed Into Larger Lenders As Economy Teeters in China: Report

Banks are collapsing at an unprecedented rate in China due to a major downturn in the country’s property market, poor risk controls and other issues. In the week ending on June 24th, 40 smaller banks were sucked up by larger institutions, a vanishing act incomparable even to the savings and loan crisis of the 1980’s […]

The post 40 Banks Shut Down in Sudden ‘Vanishing Act’ – Absorbed Into Larger Lenders As Economy Teeters in China: Report appeared first on The Daily Hodl.

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Crypto Lender Nexo Under Investigation for Alleged Money Laundering, Russian Sanction Violations in Bulgaria

Crypto Lender Nexo Under Investigation for Alleged Money Laundering, Russian Sanction Violations in BulgariaAccording to several reports, Bulgarian law enforcement officials are investigating crypto lender Nexo for alleged money laundering and sanctions violations. Siika Mileva, a spokesperson for Bulgaria’s attorney general, said the probe into Nexo is a large-scale operation involving 300 investigators from various agencies, including the National Security Service, Gendarmerie, and Sofia Police. Bulgarian Law Enforcement […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Singapore High Court Grants Crypto Lender Vauld Temporary Protection From Creditors

Singapore High Court Grants Crypto Lender Vauld Temporary Protection From CreditorsSingapore-based Vauld will have some breathing space after the country’s High Court gave its parent company creditor protection for the next three months. The decision comes as the troubled crypto lending platform seeks acquisition by rival Nexo. Vauld to Have 3 Months for Restructuring, Due Diligence by Nexo The Singapore High Court has granted the […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules

Thailand’s Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto RulesThe company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto regulations that limit growth in domestic crypto trading. SCB Postpones Acquisition of Thai Crypto Exchange Bitkub The parent company of Siam Commercial Bank, SCB X, […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld

Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival VauldLeading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore Vauld’s Acquisition Singapore-based crypto lending and trading platform Vauld, which announced suspension of withdrawals and other […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K

Twitter User Accuses Nexo of Embezzlement Through Charity, Crypto Lender Denies Allegations

Twitter User Accuses Nexo of Embezzlement Through Charity, Crypto Lender Denies AllegationsA Twitter account has accused the Bulgarian co-founders of the Swiss-based cryptocurrency lender Nexo of misappropriating funds from a charity platform. The company has rejected the allegations in the anonymous attack, which comes after Nexo offered a buyout deal to troubled rival Celsius. Anonymous Allegations Against Co-Founders Circulated on Social Media A Twitter user going […]

Bitcoin ‘diamond hand’ sell-off risks outpacing ETF inflows at $98K