Babel Finance
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Babel Finance Receives 3-Month Extension of Creditor Protection from Singapore Court
According to reports, Babel Finance co founder Flex stated that the Singapore court has extended Babel Finance\’s creditor protection period for approximately three months, which wi
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Flex Yang Launches HOPE: A New Distributed Stable Currency
It is reported that Flex Yang, the former founder of Babel Finance, launched the distributed stable currency HOPE. The initial reserve assets of HOPE will include Bitcoin and Ethereum. The HOPE ecosystem includes four agreements, namely HopeSwap, HopeLend, HopeConnect and HopeEcho, providing transaction, lending, derivatives and synthetic asset functions. In addition, the project will launch an incentive and governance token LT (Light Token) to encourage users to participate in ecological application and governance. Flex Yang, former founder of PayPal Finance, launched distributed stable currency HOPE Analysis based on this information:Cryptocurrency enthusiast Flex Yang, the former founder of Babel Finance, has announced the launch of a new distributed stable currency HOPE. The digital coin aims to provide better stability to its users by using reserve assets. The initial reserve assets of HOPE will reportedly include Bitcoin and Ethereum, but it is expected that the project will add other currencies in the future. The HOPE ecosystem comprises four agreements- HopeSwap, HopeLend, HopeConnect,…
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Babel Finance Proposes Repayment of $766M Debt with “Babel Recovery Coins”
On March 6, according to the court documents cited by Bloomberg, the crypto financial service provider Babel Finance proposed to repay $766 million of creditor…
