Decentralized Lending Protocol Centrifuge Accrues $6M Unpaid Debt
1754 Factory, the originator of the debt pool with the most distressed loans, said it is liquidating the assets off-chain and negotiating with borrowers for repayments.
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The Ribbon Finance price is $0.27, a change of 4.27% over the past 24 hours as of 6:24 p.m. The recent price action in Ribbon Finance left the tokens market capitalization at $268,890,000.00. So far this year, Ribbon Finance has a change of 42.21%. Ribbon Finance is classified as a N/A under CoinDesks Digital Asset Classification Standard (DACS).
"The Hash" panel discusses the latest headlines in the crypto industry, including a closer look at why tokens utilizing AI technology have been on a tear recently. Some are sold on the hype, while some remain wary. Plus, Binance is helping assemble a consortium of crypto companies to rebuild trust in the industry and is taking on an active role in coming regulations, according to a CoinDesk source.
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1754 Factory, the originator of the debt pool with the most distressed loans, said it is liquidating the assets off-chain and negotiating with borrowers for repayments.
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