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Cryptocurrency lending platforms have been hit hard as the contagion spreads

The crypto lending industry, which has given borrowers billions of dollars in just the past few years, is facing its biggest crisis yet as some of its leading companies collapse. Genesis Global Capital, which has committed $130 billion in 2021, filed for bankruptcy last week and joined BlockFi Inc., Celsius Network and Voyager Digital among …

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Binance continues delisting move as crypto winter bites hard, is relief coming in 2023?

Binance announces that it will no longer offer FORTH, KEY, MBOX, WIN as assets that can be borrowed on cross-margin. The Malta-based exchange cut eight trading pairs on Wednesday, including ANC/BN, ANC/BTC, ANC/USDT, MIR/BTC. Crypto markets are likely to end 2022 in the red, with the price of Bitcoin falling to $16,000 last week. Binance, …

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