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Nalezeno "US Debt": 688

Maple Finance's $54M of Sour Debt Shows Risks of Crypto Lending Without Collateral

12.12.2022
Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade. The project's MPL token has plunged, and depositors are likely to stomach big losses. Here's how it happened, and what comes next

Document Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative $1.3B in May 2022

5.12.2022
In a number of recent interviews, the former co-founder of FTX, Sam Bankman-Fried (SBF), explained that he “wasn’t running Alameda” and he “didn’t know the size of their position.” In a more recent discussion with The Block’s Frank Chaparro,...

Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan

5.12.2022
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!

25.11.2022
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...

News Summary: Indian CBDC Pilot to Launch Within a Month, Three Arrested for Major Crypto-related Crimes, EQONEX Files for Debt Restructuring

22.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: News Summary: Indian CBDC Pilot to Launch Within a Month, Three Arrested for Major Crypto-related Crimes, EQONEX Files...

Crypto Financial Services Firm Eqonex Files for Voluntary Debt Restructuring in Singapore

22.11.2022
The company has been in talks with existing lender Bifinity and other potential investors to raise capital, but has not been successful

FTX submits list of creditors revealing $3B in debt

21.11.2022
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...

Bitcoin Miner Bitfarms Pays Down $27M of Debt

14.11.2022
The miner is trying to improve its liquidity during the crypto bear market

Bitcoin Miner Hive Blockchain Holds $68M of BTC, Has no Debt Costs on Equipment

7.11.2022
Canadian Bitcoin miner HIVE Blockchain currently holds 3,311 bitcoin worth $68.8 million, according to a production report released Monday

Bitcoin Miner Stronghold Digital Completes Debt Restructuring

1.11.2022
The company over the past 10 weeks has returned 26,200 miners to NYDIG in exchange for the extinguishment of $67.4 million of debt

Following the Great UST Collapse, a Defi Project Plans to Launch a ‘Soft-Pegged Stablecoin’ Built on Terra

1.11.2022
Following the Terra stablecoin collapse last May, the Terra blockchain ecosystem has another stablecoin concept in the works called “Solid.” The stablecoin Solid and its white paper were revealed by a decentralized finance (defi) project, Capapult Finance, and the idea has been dubbed...

DeFi Debt Marketplace Credix to Open a $150M Stablecoin Credit Pool to Digital Lender Clave

1.11.2022
Clave will use the credit pool to originate loans to Latin American businesses and consumers

Core Scientific Shares Downgraded After SEC Filing Hints at Possible Bankruptcy

30.10.2022
One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company may apply for bankruptcy protection. The filing notes that Core Scientific will be unable to...

Economist Peter Schiff Warns the US Dollar Will Crash — Says ‘We’re Going to Default’

27.10.2022
Economist Peter Schiff has warned that the U.S. dollar will crash. Noting that the U.S. is “in a much bigger fiscal mess than Great Britain,” with a much bigger debt problem, Schiff stressed: “Can we possibly repay this debt? Of course not. Repaying the debt is impossible....

Crypto Exchange Bybit Spends $3.8M on Bithumb Shareholder T-Scientific's Convertible Debt

24.10.2022
Cryptocurrency exchange Bybit has invested 5.5 billion won ($3.8 million) in South Korean stock exchange-listed IT company and blockchain investor T-Scientific, a shareholder in crypto exchange Bithumb

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

20.10.2022
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....