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Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’

Cumberland Says Financially Burdened Crypto Firms Are ‘Hanging Over the Market Like a Cloud’Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “​​rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated during the past week. Cumberland stressed there’s a growing number of crypto companies feeling financial burdens, and “uncertainty” tied to stressed entities is “hanging over […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

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 […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Nexo Looking To Acquire Distressed Crypto Lending Platform Vauld: Report

Nexo Looking To Acquire Distressed Crypto Lending Platform Vauld: Report

Crypto lender Nexo is announcing intentions to buy another lending platform in the industry as markets continue to struggle. According to a Reuters report, a new statement from the London-based Nexo says it will buy all of Vauld, though it did not disclose a price or date. Nexo also plans to “reorganize its future operations with […]

The post Nexo Looking To Acquire Distressed Crypto Lending Platform Vauld: Report appeared first on The Daily Hodl.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

DeFi Protocol Built on Ethereum Explodes 125% in Hours As Centralized Finance Firms Struggle

DeFi Protocol Built on Ethereum Explodes 125% in Hours As Centralized Finance Firms Struggle

One altcoin that powers an Ethereum-based decentralized finance (DeFi) platform is defying broader market woes by rallying in a big way. Rari Governance (RGT) is the governance token of Rari Capital, a DeFi suite that allows participants to borrow, lend and earn yields on cryptocurrencies. Holders of RGT can take part in the protocol’s governance […]

The post DeFi Protocol Built on Ethereum Explodes 125% in Hours As Centralized Finance Firms Struggle appeared first on The Daily Hodl.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin