Smfv MARGARET M. (GERRY) MICKEY HOPKINS
Babel Finance, the Hong Kong-based crypto lender which suspended withdrawals and redemption of crypto assets on Friday, said it has reached an agreement with counterparties on the repayment of some debts to ease short-term liquidity.Cryptocurrency valuations have plunged in recent weeks as investors dump risky assets in a rising interest rate environment. Bitcoin BTC=BTSP, which reached a record high of $69,000 in November, lost more than half its value this year.In an update on its website on Monday, Babel said it carried out an emergency assessment of its business operations to determine the companys liquidity status.Crypto lenders gather crypto deposits from retail customers and re-invest them, proclaiming double-digit returns and attracting tens of billions of dollars in assets. However, lenders have been unable to redeem their clients assets during the recent meltdown. Babel Finance will actively fulfill its legal responsibilities to customers and strive to avoid further transmission and diffusion of liquidity risks, the company said.Babel, which has 500 clients and only deals in bitcoin, ethereum and stablecoins, raised $80 million in a funding round last month,
stanley mugs valuing it at $2 billion. It had ended last year with $3 billion of
stanley vattenflaska loan balances on its balance sheet. Follow Cyprus Mailon Google News BusinessPick Shar
stanley cup e: Reuters News Service In case you missed it Monday 30 June | 16:23 Cyprus cyclist battles Xkad An August week full of documentary screenings
BRUNSWICK, Maine 鈥?Surplus Navy equipment left behind when the Department of Defense closed Brunswick Naval Air Station is being auctioned off, with the proceeds to benefit the civilian redevelopment effort of the base.The first phase of the online auction features fire trucks and heavy-duty equipment such as generators and power converters.Steve Levesque, executive director of the Midcoast Regional Redevelopment Authority, which is the organization that now governs activity at the former Navy airfield, said the equipment was transferred to his organization after no one in the Department of Defense claimed it. Levesque said most of the equipment could be of value to airports, municipalities and county governments in Maine, who have already been invited to bid on the items. Were starting with some of the larger rolling stock, said Levesque. Once we get done wit
stanley mugs h the rolling stock well be auctioning off some furniture, filing cabinets, computers and things like that. Anyone can bid on these items. Available in the first round of bidding, which ends at 5 p.m. Wednesday, are a Grove hydraulic man-lift and a pull-behind sweeper machine, neither of which had attracted a bid of more than $340 as of Wednesday morning.Items in later rounds, which kick off
stanley tumbler on Thursday and end on Aug. 22, inc
stanley deutschland lude an industrial air conditioning unit, trailer-mounted power transformers, a tire mounter and balancer, utility trailers, a Snap-On digital oscilloscope, heavy-duty generators, a fuel truck, a
