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Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan
8.2.2023
Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise...
Bitcoin Miner Stronghold Digital Restructures Remaining $55M of Debt
7.2.2023
DebtDAO to Burn 18M FTX User Debt Tokens Following Demand Frenzy
7.2.2023
Over 18 million tokens after the demand for the recovery tokens saw prices surge to as much as $113
Egyptian Fintech MNT-Halan Secures $400 Million in Funding, Valuation Rises to Over $1 Billion
4.2.2023
Egyptian fintech MNT-Halan announced on Feb. 1 that it had raised over $340 million via debt and equity and it expects to raise an additional $60 million from leading international investors. The latest funding round sees MNT-Halan’s valuation rise to over $1 billion which reportedly makes...
Decentralized Lending Protocol Centrifuge Accrues $6M Unpaid Debt
3.2.2023
Fintech investment firm 1754 Finance, 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
Core Scientific to Hand Crypto Mining Rigs to NYDIG to Extinguish $38.6M in Debt
3.2.2023
NYDIG had previously said it would object to a $70 million lifeline loan for Core if its own deal wasn't finalized
Core Scientific to hand over 27K rigs to pay $38M debt
3.2.2023
The bankrupt crypto mining firm believes that the long-term benefits outweigh the immediate loss of handing over the machines
New York Bitcoin Miner TeraWulf Restructures Debt
2.2.2023
A slew of mining firms have restructured their debt loads while others are facing bankruptcy
Bitcoin Miner Greenidge Generation Restructures Another $11M of Debt
31.1.2023
The deal with B. Riley will push off repayment dates and use Greenidge stock to pay off some of the funds
Bitcoin miner Greenidge cuts NYDIG debt from $72M to $17M
31.1.2023
Despite restructuring into a hosting firm for Bitcoin mining, Greenidge still owns about 10,000 miners, maintaining a capacity of 1.1 EH/s
Argentine Peso Loses Almost 12% Against the Greenback During January; Inflation Projected to Rise Sharply
30.1.2023
The Argentine peso has fallen consistently against the U.S. dollar this month, losing almost 12% since Jan. 1. The behavior of the exchange rate for the informal “blue” dollar keeps bringing concerns about a possible escalade in inflation rates, that are predicted to reach almost 100%...
US gov't $1.5T debt interest will be equal 3X Bitcoin market cap in 2023
28.1.2023
The U.S. will pay over $1 trillion in debt interest next year, the equivalent of three or more Bitcoin market caps at current prices
Here’s why Bitcoin price could correct after the US government resolves the debt limit impasse
26.1.2023
Bitcoin price has been on a tear, but analysts warn that resolving the U.S debt limit issue could trigger sharp downside for risk assets like BTC
DeFi Protocol Aave Clears Bad CRV Token Debt from Exploit Attempt
26.1.2023
The maneuver comes ahead of the activation of a major tech upgrade of the protocol called Aave v3
Aave purchases 2.7M CRV to clear bad debt following failed Eisenberg attack
26.1.2023
Following a failed short attack, DeFi exploiter Avraham Eisenberg was liquidated from Aave at a loss of $10 million
Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals
25.1.2023
The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financial authorities, the debt token would be called an “asset share token (AST).” Celsius...
Bitcoin Billionaire Roger Ver Sued by Genesis For $21 Million Debt – Here’s What Happened
25.1.2023
The early Bitcoin (BTC) evangelist and now Bitcoin Cash (BCH) proponent Roger Ver has been sued by the now-bankrupt crypto lender Genesis after failing to meet a $21m margin call.
The court action taken by Genesis is related to a crypto options trade that expired late last year, and that Roger...
Casting Stones From a Glass House: Yellen’s Comments on Zambia’s Debt Restructuring Draw Criticism From Chinese Embassy
24.1.2023
The Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a U.S. debt default. Yellen said on Monday that it was very important that Zambia restructure its debt, but Zambia...
Debt Deflation Warnings, Shibarium Buzz Sees SHIB Rise, Former FTX US President Talks SBF, and More — Week in Review
22.1.2023
“The Price of Tomorrow” author Jeff Booth has warned of a “great depression on steroids” if the U.S. Federal Reserve keeps hiking interest rates, while buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price...
Silvergate Capital Incurs Loss of $1 Billion in Q4 of 2022
20.1.2023
Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that permeates the entire crypto ecosystem. While Silvergate has taken steps to help it navigate...