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Nalezeno "US Debt": 670

Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan


A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under the current Russian DFA law, covers the issuance of tokens secured by commercial debt....

MakerDAO expects $1.5M bad debt after FTX’s liquidity crisis!


MakerDAO, the largest decentralized finance protocol, has announced plans to liquidate heavily leveraged vaults to prevent excessive bad debt. They tweeted:   “Due to liquidations being previously disabled on the mentioned vault types, some positions accrued interest above their collateral value...

FTX submits list of creditors revealing $3B in debt


The FTX crisis has reached a new level of difficulty. The business owes its unsecured creditors more than $3 billion, according to court documents. Moreover, a pair of customers are claiming to have $200 million each in their dues. Due to a lack of liquidity, FTX recently announced that it would...

Renowned Investor Jim Rogers Warns of the Worst Recession in His Lifetime


Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, expects the bear market to get much worse, adding that this recession will be the worst in his lifetime. “We are probably going to have one last rally but that will be it,” he predicted....

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