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Celebrity-Backed Fintech for Teens, Step Receives $300M in Debt Funding

11.10.2022
The app also launched a crypto trading feature, starting with bitcoin

Bank of England to Double Long-Dated Gilt Buy-Backs, QE Policy to See an ‘Orderly End’ in Mid-October

10.10.2022
After the British pound sterling tapped an all-time low against the U.S. dollar on September 26, the Bank of England (BOE) said it would halt its monetary tightening policy and start buying long-dated bonds again. Approximately two weeks later, the BOE detailed on Monday that it was doubling...

Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion

5.10.2022
A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt...

US Senator Concerned Over Growing National Debt; Applauds Bitcoin

4.10.2022
Cynthia Lummis, a US senator, discussed her concerns in an interview with Hard Money’s Natalie Brunell. She praised that cryptocurrency is an asset among people for which the government is not liable. While she is worried about the current scenario of national debt and inflation, she also feels...

US Senator Says ‘I Love That Bitcoin Can’t Be Stopped’ Citing Concerns About National Debt and Inflation

3.10.2022
U.S. Senator Cynthia Lummis says she loves that bitcoin cannot be stopped and that governments cannot just confiscate the cryptocurrency. “It’s actually comforting to know that bitcoin is there,” she said, citing concerns about the national debt and inflation. U.S. Senator:...

I Made an NFT Collection to Represent My Student Loan Debt

1.10.2022
“College Admission” is a performance art NFT collection that takes a critical lens to the student loan debt crisis and the shame it causes borrowers

Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners

28.9.2022
According to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled bitcoin miners. Bitdeer’s chief executive officer Matt Kong details that...

Celsius Might Be Planning to Turn Its Debt Into Crypto ‘IOU’ Tokens

22.9.2022
Bankrupt crypto lender Celsius appears to be considering a plan to turn its debt into crypto “IOU” (“I Owe You”) tokens

Hacked Crypto Market Maker Wintermute Has $200M in Outstanding DeFi Debt

20.9.2022
Cryptocurrency market maker Wintermute has $200 million in outstanding DeFi debt to several counterparties, according to data provided by Nansen

El Salvador's Debt Rating Cut to CC at Fitch

16.9.2022
Ratings company Fitch downgraded El Salvador's long-term foreign currency issuer default rating (IDR), saying it is likely to default on a bond repayment due January

El Salvador Launches 2 Debt Repurchase Offers Amid Uncertainty Over Its Bitcoin Bond

12.9.2022
The offers have been viewed as an attempt to counter speculation about a potential default by the country

Algorand Foundation outlines $35M exposure to crypto lender Hodlnaut

12.9.2022
The Foundation stated that it is “pursuing all legal remedies to maximize asset recovery.”

Russia Shuts Off EU Gas, Vitalik Discusses Bitcoin Security, and More — Bitcoin.com News Week in Review

11.9.2022
Macro markets and geopolitics dominated the news this week, with Russia cutting off Europe’s gas supply, hedge funds betting against Italian debt, and the International Monetary Fund’s bailout for Zambia helping the kwacha overtake the ruble as the world’s best-performing...

Analyst Warns US Debt Crisis Is Possible — Rising Treasury Yields, Inflation, Stock Market Rout Could Cause ‘Multiple Black Swans’

7.9.2022
Wall Street’s major indexes closed the day in red on Tuesday, alongside cryptocurrencies, and precious metals like gold and silver taking some percentage losses. The leading crypto asset bitcoin dropped 5.87% under the $19K region, while the second largest crypto asset ethereum shed 8.7%....

Rome’s Financial Volatility to Shock the Eurozone — Hedge Funds Bet $39 Billion Against Italian Debt

4.9.2022
Hedge funds are betting against Rome’s liabilities as S&P Market Intelligence data indicates investors have amassed a $37 billion short bet against Italian debt. The hedge funds are betting large against Italian bonds and investors haven’t bet this high against Rome since 2008...

Kenyan Fintech Pezesha Raises $11 Million in Pre-Series a Round Backed by Cardano Blockchain Builder

2.9.2022
Pezesha, a Kenyan fintech focused on providing bridging finance to small and medium-sized enterprises, recently raised $11 million in pre-Series A debt-equity funding round. The Women’s World Banking Capital Partners II led the round in which the Cardano blockchain builder Input Output...