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Bitcoin dribbling lower - crypto default cited

Bitcoin dribbling lower - crypto default cited

Cryptocurrency
Eamonn Sheridan
05/12/2022 | 23:20 GMT

Crypto is trading lower, the news being cited is that Orthogonal Trading has defaulted on 8 loans, totalling around US$36 million, on lending protocol Maple Finance.

Tied in with the implosion of FTX. Contagion effect. Ugly stuff.

Bitcoin update:

btc orthogonal maple 06 December 2022

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