Crypto Markets Today: FTX Fallout Hits Maple Finance; Bitcoin Declines

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Orthogonal Trading received a default notice for a $36M debt on Maple Finance. Nexo to depart from the U.S. after regulatory discussions hit a “dead end.” $BTC's price dropped below $17,000 while the S&P 500 index closed down 1.79%, _jocelynyang_ reports

on Saturday, data queried by Dune Analytics shows. The figures eclipsed the previous high of 200,000 in August, nearly a month after the collectibles went live. More than 98,000 avatars from The Singularity collection were produced, the most on that day, followed by 58,000 avatars from Aww Friends.said Monday it would stop offering products and services in the U.S.

, according to a person familiar with the situation. And that number looks like it will continue to grow. Genesis is a CoinDesk sister company.

 

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_jocelynyang_ It doesn't upset me, it's another opportunity to spend more usdt to buy bitcoin

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Maple Finance Severs Ties With Orthogonal Trading, Alleging It Misrepresented Financial PositionOrthogonal Trading 'is effectively insolvent' and was 'misrepresenting its financial position' to one of its creditors, M11 Credit, decentralized finance lender Maple Finance said. sndr_krisztian reports sndr_krisztian MTVDS1 KyleSGibson sndr_krisztian fully confused. what about ANY of this is 'decentralized'? there's a company that is going to try to get its money back using litigation and other means. which is how everything already works. you just use these words without any understanding or honesty. pathetic. 0xSifu sndr_krisztian boulish.
La source: CoinDesk - 🏆 291. / 63 Lire la suite »

Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of financesAccording to Maple Finance, Orthogonal Trading had been “operating while effectively insolvent” and is in need of outside investment to run. According to Maple Finance, she decided to cut all ties with the company because she had misrepresented her finances and only recently admitted on Dec. 3 that she couldn't pay her loan payments. That's a complicated thing! Do you agree with Maple's position?
La source: Cointelegraph - 🏆 562. / 51 Lire la suite »

Nexus Mutual moves to divest, expects $3 million loss with Maple FinanceNexus Mutual is exposed to Orthogonal's Trading default on Maple Finance for a $3 million loss and seeks to withdraw ETH reserves. Surprise surprise 😂
La source: TheBlock__ - 🏆 464. / 53 Lire la suite »