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Blockchain-Based Private Credit Surges 55% as Companies Seek Financing Amid Rising Interest Rates
18.12.2023
Image Source: Pixabay More companies are turning to blockchain-based private credit as they seek financing amid increasing interest rates, leading to a significant surge in this sector. According to RWA.xyz, a platform that tracks debt, active private loans through digital ledgers have risen...
Salvadoran Bitcoin Volcano Bonds Target Q1 2024 Launch After Getting Regulatory Approval
14.12.2023
Discussion on the Volcano Bonds, a series of digital debt instruments that would be used to finance the creation of Bitcoin City, has resurfaced after their regulatory approval in El Salvador. The Bitcoin Office in the country revealed that it anticipated a launch date of Q1 2024 for these bonds....
SEC Makes ‘Materially False and Misleading’ Representations Against Crypto Firm — Judge Threatens Sanctions
6.12.2023
The United States District Court for the District of Utah has expressed concerns that the U.S. Securities and Exchange Commission (SEC) is making “materially false and misleading representations” in its lawsuit against a crypto firm. The court has ordered the securities regulator...
Ripple CTO David Schwartz Accuses SEC of Mishandling Debt Box Case
5.12.2023
Source: YouTube/UNCHAIN Convention Ripple’s Chief Technology Officer (CTO), David Schwartz, recently criticized the US Securities and Exchange Commission (SEC) via his official X (formerly Twitter) handle, alleging questionable illegal activities in the Debt Box case. I've just read over...
Despite financial assistance, Pakistan faces declining forex reserves amidst external debt repayments
29.11.2023
During the initial months of 2023, Pakistan seemed to be heading towards a catastrophic point, with the IMF loan program in 2019 going off track after the fund realized the commitment of Islamabad to reform was lacking, which led to the suspension of loan disbursements. Pakistan has imposed strict...
Zipmex Proposes Repayment of 3.35 Cents Per Dollar to Creditors in Latest Restructuring Plan
29.11.2023
Source: Zipmex Zipmex has put forward a new proposal to repay creditors, initially offering 3.35 cents for each dollar of their claims as part of its restructuring efforts, according to Bloomberg. This initial payout is part of a broader plan to address the crypto exchange’s $97.1 million...
Greenidge Generation Settles Debt and Sells SC Bitcoin Mining Site to NYDIG
19.11.2023
Greenidge Generation Holdings has successfully wiped out $21.8 million in secured debt and divested its South Carolina bitcoin mining facility to NYDIG. The firm detailed that the move enhances Greenidge’s financial stability and liquidity. Greenidge Generation Holdings Clears $21.8 Million...
Moody’s Downgrades US Credit Rating to ‘Negative’ on Fiscal Deficits and Debt Concerns
11.11.2023
The credit agency Moody’s has revised the United States credit outlook to “negative” from “stable” due to concerns over persistent large fiscal deficits and diminishing debt affordability. The announcement follows a previous downgrade by Fitch and reflects ongoing...
Marathon Digital sees 670% revenue gain in Q3 as Bitcoin production surges
9.11.2023
Marathon announced a 467% increase in Bitcoin production year-on-year in the third quarter, while hashrate rose over 400% in the same timeframe
Sexy Anime RPG Puts Players In ‘Gem Debt’ To Pay Off Dev’s Mistake
3.11.2023
Taimanin RPG Extasy is a turn-based gacha RPG in which players unlock new warriors to fight demons and criminal syndicates in a horny sci-fi future. The game’s been live in Japan for years, but only recently came to the rest of the world, and it’s already facing its first major crisis: an outbreak...
Northern Data Secures $600 Million Loan From Tether Amidst AI Hardware Investment Spree
3.11.2023
Northern Data Group has confirmed a €575 million ($610M) debt financing from Tether Group, a signal of heightened activity in the high-performance computing sector responding to the artificial intelligence (AI) demand surge. The firm detailed that the funding is poised to advance Northern...
Tether issues $610M debt financing to Bitcoin miner Northern Data
2.11.2023
In September 2023, Tether also invested an undisclosed amount in Northern Data in a move backing AI initiatives
Northern Data Secures $610 Million Debt Financing from Tether as New ASIC Technology Makes Mining Profitable Again
2.11.2023
Northern Data AG, Europe’s largest Bitcoin mining company, has secured a debt financing facility of around $610 million from a company within the Tether Group amid advancements in ASIC technology that have made mining profitable again. The loan agreement, which has a term until January...
Bitcoin futures data highlight investors’ bullish view, but there’s a catch
31.10.2023
The stars are lining up for Bitcoin price, but a few major price threats remain in play
Today in Crypto: DCG Paid Off $575 Million in Debt Since End of 2022, $720 Million Stolen across 117 Breaches in Q3
25.10.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Investment news Digital Currency Group (DCG), the crypto company founded by finance veteran Barry Silbert, has paid...
Egypt Becomes First MENA Country to Issue Chinese Yuan-Denominated Bonds
24.10.2023
Eygpt has reportedly become the first Middle East North Africa (MENA) region country to issue so-called “panda bonds” after it issued Chinese yuan denominated bonds worth $479 million. Issuing panda bonds marks another step in Egypt’s attempts to move away from costly dollar...
Nigerian Crypto Exchange Patricia Implements Debt Restructuring Using Convertible Notes – What's Going On?
23.10.2023
Patricia, a Nigerian crypto exchange, is embarking on a significant debt restructuring initiative, offering customers the option to convert owed funds into Patricia shares.
The company recently introduced Patricia Tokens (PTK), which it has now made available to customers for this purpose....
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Economist Peter Schiff Warns of Deep Recession, Inflationary Depression, and Collapse of US Dollar Demand
22.10.2023
Economist Peter Schiff has warned of an inflationary depression, noting that inflation will stay higher for longer, leading to a more severe and prolonged recession. He predicted that the rapidly increasing national debt and federal budget deficits should lead to a collapse in demand for U.S....
Patricia exchange CEO announces debt restructuring via convertible notes
21.10.2023
Patricia's CEO also revealed that these shares will be managed by a Securities Exchange Commission (SEC)-licensed trusted third-party trustee to ensure complete transparency
Blockchain Firm LBRY Ceases Operations, Cites Insurmountable Debt
21.10.2023
Blockchain file-sharing and payment network, LBRY, announced the termination of its operations, citing "several million dollars" in debts owed to the SEC, its legal team, and a private debtor....
Read More: Blockchain Firm LBRY Ceases Operations, Cites Insurmountable Debt