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After Defaulting Sri Lanka Plans to Print $2.8 Billion Worth of Rupees, Inflation Rate Expected to Top 40%
27.5.2022
The government in crisis-stricken Sri Lanka has said it will print more money and cut spending on infrastructure as part of an attempt to pacify the restive population. The government, however, concedes that printing more money will likely see the inflation rate rise to 40%. Printing More Money...
Argentinian Senate Passes Bill That Would Tax Assets Held in Foreign Countries, Including Crypto
14.5.2022
The Argentinian Senate has approved a bill that would allow the government to tax non-declared assets held in foreign countries by citizens of the country. This includes stocks, properties, bonds, and even cryptocurrencies. The purpose of the legistlation would be to collect more funds to pay...
Battered Bitcoin Miners Increasingly Turn to Debt Financing
28.4.2022
Raising debt rather than equity to fund growth is being seen as more attractive, analysts say, but not everyone has the option
Bitcoin Miner Blockmetrix Raises $20M in Debt From BankProv and CrossTower
27.4.2022
The proceeds will go toward buying more mining machines and investing in joint infrastructure ventures
Bitcoin Miner CleanSpark Raises $35M in Equipment-Backed Debt From Trinity Capital
26.4.2022
Equipment-based financing is becoming an increasingly popular option for mining firms to fund their growth
Seized Silk Road Bitcoin to Clear Ross Ulbricht's $183 Million Debt
22.4.2022
Silk Road creator Ross Ulbricht will see his $183 million debt to the U.S. government wiped out following the seizure of $3 billion in bitcoin
How Ichi Tokens Plunged 90% After Bad Debt Fiasco on Rari
12.4.2022
Cascading liquidations on an over-collateralized pool on Rari led to the sudden price drop, observers noted
Law Project Presented in Argentinian Senate Proposes to Tax Undeclared Cryptocurrency Held Outside the Country
1.4.2022
A new law project presented in the Argentinian Senate is seeking to start a fund to pay for part of the debt the country has with the International Monetary Fund (IMF). The project, which is being pushed by members of the ruling party, would establish that Argentinian citizens have to pay taxes...
Synthetix commence debt pool merger to enhance liquidity and staking capabilities
24.3.2022
The merger of L1 and L2 debt pools is just one of a number of upgrades slated for this week within the Synthetix ecosystem
Makerdao Dev Insists Defi Protocol Should Leverage Real World Assets to Scale
20.3.2022
On March 16, the protocol engineer at Makerdao and co-founder of the software and design firm Bellwood Studios, Hexonaut, announced a proposal to use real world assets (RWAs) in order to scale the decentralized finance (defi) protocol Makerdao. Hexonaut insists the bull market was good,...
Argentinian Regulator to Propose Anti-Money Laundering Measures for Crypto Firms
18.3.2022
The Argentinian anti-money laundering regulator is reportedly working to force cryptocurrency firms to report their movements and take AML measures on Argentinian soil. The regulation for this purpose might be ready for approval this year, according to local media. This could be the consequence...
Argentinian Senate Passes USD 45B IMF Debt Deal That Discourages Crypto Use
18.3.2022
The Argentinian Senate, the upper chamber of the country’s parliament, has voted to approve a USD 45bn debt deal with the International Monetary Fund (IMF) in a move designed to prevent Argentina’s default....
Read More: Argentinian Senate Passes USD 45B IMF Debt Deal That Discourages Crypto Use
Argentine Congress Approves IMF Debt Deal That Would Discourage Crypto Usage
18.3.2022
The $45 billion loan was approved by the Senate on Thursday night, one week after the Chamber of Deputies passed it
Bitcoin Miner Mawson Signs 100MW Hosting and Debt Deal With Celsius Mining
1.3.2022
Mawson will also receive a $20 million loan from Celsius Mining
Bitcoin on-chain data hints at institutions 'deploying capital' at expense of 'hodlers'
12.2.2022
On-chain metrics detect strong "sophisticated passive buying" on spot exchanges and a rise in the movements of Bitcoin to whale wallets
Argentinian Tax Authority Will Be Able to Confiscate Digital Wallets to Collect Tax Debts
12.2.2022
The Argentinian Tax Authority (AFIP) will now be able to confiscate the assets that taxpayers have in digital wallets if they have debts with the organization. The recommendation for attorneys of this institution to include these digital accounts was made last year, but the execution of debt...
All the world’s Bitcoin can only pay 2.43% of $30T US national debt
2.2.2022
The latest grim milestone for the U.S. economy means that its national debt total is now 4,000% larger than the Bitcoin market cap
Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates
16.1.2022
The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason...
Tribal Credit raises $40M in 'hybrid' debt round funded by dollars and stablecoins
6.1.2022
The company is pushing new use cases for blockchain payments through its partnerships with Bitso and Stellar Development Foundation
Global Debt Reaches a Record USD 226 Trillion
24.12.2021
Vitor Gaspar, Director of the International Monetary Fund (IMF)’s Fiscal Affairs Department, Paulo Medas, Division Chief in the same department, and Roberto Perrelli, a Senior Economist in the IMF’s Fiscal Policy and Surveillance Division, Fiscal Affairs Department._____...
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