Crypto lender Babel Finance halts withdrawals due to liquidity pressures
Hong Kong-based asset manager Babel Finance is the latest crypto lending firm to signal the growing crisis of the cryptocurrency lending industry amid the bear market.
Hong Kong-based asset manager Babel Finance is the latest crypto lending firm to signal the growing crisis of the cryptocurrency lending industry amid the bear market.
NFTs are still a gray area in China where unlike cryptocurrencies, there’s no official ban on its use, but the authorities have warned investors against the risks from time to time.
Decentraland (MANA), Theta Network (THERA), and The Sandbox (SAND) are all solid token options to get.
Each of these tokens is a part of some of the largest metaverse projects within the crypto sphere.
THETA increased by 5% in the last 24h hours, while MANA and SAND are maintaining their value well.
Decentraland (MANA), Theta Network (THERA), and The Sandbox (SAND) are some of the best Metaverse tokens you can get as of June 17, 2022.
On June 17, 2022, Richard Lai invited everyone to join the Yahoo Metaverse on Decentraland.
Theta Network announced that Replay had launched a new Theta Validator Node, which is the 25th overall node.
The Sandbox also announced that Lionsgate would become the first film and TV studio to enter The Sandbox.
On June 17, 2022, Decentraland (MANA) had a value of $0.8403.
MANA had its all-time high on November 25, 2021, when the token reached a value of $5.85.
When we go over its performance throughout the previous month, its highest point was on May 5 at $1.6662, while Its lowest point was on May 12 at $0.6546, a decrease of $1.0116 or 60%.
However, since then, the token has increased to $0.8403. With this in mind, we can expect the cryptocurrency to reach $2 by the end of June 2022.
On June 17, 2022, Theta Network (THETA) had a value of $1.2252.
When we look at its all-time high, Theta Network (THETA) had a value of $15.72 on April 16, 2021.
Theta Network (THETA) had its highest point of value on May 5 at $2.6205.
Its lowest point of value was on May 12 at $1.0782. Here we can see that the token decreased in value by $1.5423 or by 58%.
With this in mind, $1.2252 represents a solid buying opportunity for THETA as it can reach $2 by the end of June.
On June 17, 2022, The Sandbox (SAND) had a value of $0.86552542.
The all-time high of the SAND was on November 25, 2021, when the token reached $8.40 in value.
SAND had its highest point on May 5 at $2.4342. Its lowest, however, was on May 12 at $1.0524, which is a decrease in value of $1.3818 or by 56%.
With this in mind, we can expect SAND to reach $1.2 by the end of June 2022.
The post Getting into metaverse tokens with these top selections appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.
Twitter user Gofortim2 called out to lending platforms to become more transparent and honest on where assets are deployed.
Binance Labs’ parent firm Binance is also looking to hire 2,000 employees amid the latest market decline as the firm sees bear markets as a “great time to bring on top talent.”
The move comes after 18 Polkadot parachain auctions were secured on the original SALP protocol.
Dark days for crypto institutional investors as contagion fears are magnified and asset prices tumble.
Roland Guirdonan came to believe that cryptocurrencies are genuinely the “future of money” despite an unpleasant experience at his first job in the industry.
No user funds have been affected by the exploit, but Inverse Finance has incurred a debt and offered the attacker a bounty to return the stolen funds.
The billionaire crypto investor admits there are still hard times ahead for most financial markets, but says that as long as the crypto space produces new tech, it will be fine.