Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report

Hong Kong-based crypto lender Babel Finance is planning on issuing a crypto-backed stablecoin in unison with a decentralized finance (DeFi) platform in an attempt to repay creditors following a $766 million loss last year.

• 2023-03-06
• Babel Finance Babel Bloomberg report

SEC may make it harder for hedge funds to work with crypto firms: Bloomberg

The U.S. Securities and Exchange Commission (SEC) plans to propose rule changes that would make it difficult for cryptocurrency firms to hold digital assets.

• 2023-02-15
• Hedge funds Bloomberg digital assets SEC Bloomberg report pension funds