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MakerDAO Loans Can Be Gamed to Hold Out Funds From Liquidation, Startup Finds
16.11.2020
A loophole in MakerDAO’s collateralized debt market enables positions to be closed far more leniently than intended due to an oversight in the auction process
Record Levels of Negative-Yielding Debt Strengthen Case for Bitcoin: Analysts
16.11.2020
With negative-yielding bonds at a new high, investors are looking elsewhere for returns
Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap
28.10.2020
The International Monetary Fund (IMF) says its release of $16 billion towards sub-Sahara Africa will help to cover the needs of countries badly hit by the global pandemic, Covid-19. The financial institution says despite its swift action, the region still faces a financing gap of $290 billion...
Governments Can't Cancel Pandemic Debt By Printing More Money
23.10.2020
Ananish Chaudhuri is the Professor of Behavioural and Experimental Economics at the University of Auckland.
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With the government borrowing heavily to fund its pandemic response and recovery, it has been suggested it could simply cancel its debt by printing more money. That sounds like...
World’s Growing Stockpile of Negative-Yielding Debt a Positive for Bitcoin, Say Analysts
15.10.2020
The search for profit is likely to intensify with amount of global debt offering negative yields more than doubling in the past seven months
Canadian Firm 3iQ’s Bitcoin Fund Listed on Gibraltar Stock Exchange
30.9.2020
The Gibraltar Stock Exchange said Tuesday that it listed a new bitcoin fund belonging to 3iQ Corp, a Canadian investment fund manager that focuses on new technologies and crypto assets. The announcement follows GSX Group’s recent launch of what it calls the Grid, “a venue to create...
Earth needs Bitcoin as economy hits ‘debt saturation point’ — Keiser
22.9.2020
Earth is reaching a historic “inflection point,” Keiser warns after Singapore’s central bank admits that more debt is not an option for anyone
Debt without consent: The tragedy of monopolized fiat money
18.9.2020
Why the government should make a monetary transition to Bitcoin, and the problems that cryptocurrency would help solve, such as preemptive war and national debt
'Price of Tomorrow' author says Bitcoin is a ‘lifeboat’ amid financial turmoil
17.9.2020
Escalating debt and inflation could result in years of stormy weather for global economies
3rd Incident Hits bZx - Debt Up by USD 8m, Team Still Praises the Protocol
14.9.2020
DeFi lending protocol bZx (BZRX) confirmed that "due to a token duplication incident" its insurance fund "has transiently" accrued debt of around USD 8m.
At pixel time (08:05 UTC), BZRX, ranked 138th by market capitalization, trades at USD 0.439 and is down by 32% in a day...
Jim Rogers Predicts End of Dollar Dominance as US-China Tensions Escalate
8.9.2020
Renowned investor Jim Rogers believes that the U.S. dollar dominance is coming to an end as the tensions between the U.S. and China mount. The growing national debt, the protests, the political uncertainty surrounding the presidential election, and countries seeking a USD alternative in fear...
As Gold Prices Soar, Two Gold-Backed Tokens See Increased Demand Fetching Premiums
28.8.2020
The last few months have bolstered the price of the precious metal gold as governments worldwide have created tremendous amounts of debt and inflation. For instance, the value of gold per ounce jumped over $2k during the first week of August. Meanwhile, similarly to the physical counterparts,...
US in 'Terminal Debt Spiral', Might Help Crypto & Digital USD Adoption
27.8.2020
With governments across the world pumping public spending to mitigate the economic impact of the COVID-19 pandemic, 2020 could be a record-breaking year for debt. While this year’s spending extravaganza could tank the value of currencies worldwide and spur a hike in inflation, as stated a recent...
How Much Should We Fear Post-Crisis Debt or Inflation? Feat. Adam Tooze
24.8.2020
An economic historian and one of Foreign Policy’s “Top Global Thinkers of the Decade” discusses post-COVID-19 global economics and politics
Market Wrap: Bitcoin Tests $12K; DeFi Debt Outstanding Hits Record
10.8.2020
Bitcoin’s back on the price roller coaster and DeFi borrowing is hitting a new high
Man Accused of Arranging Murder to Avoid Crypto Debt Can’t Escape Jail, Brazilian Court Rules
5.8.2020
Crypto businessman Danilo Afonso Pechin remains jailed after Brazil's High Court refused to hear his request for habeas corpus
Why Debt Financing May Be a Double-Edged Sword for Bitfarms
27.7.2020
BitFarms used high-interest-rate debt with large balloon payments to grow expand operations. Now it may struggle to pay off its debt, according to CoinDesk Research
IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt
17.6.2020
The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1.1 million tax debt. Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over...
Fed Chair Powell Warns of ‘Unsustainable’ Budget as US National Debt Crosses $26 Trillion
17.6.2020
In his testimony before the Senate banking committee, Federal Reserve Chairman Jerome Powell warned Congress that the U.S. federal budget has been on an unsustainable path for years. He added that the U.S. economy is facing a deep downturn with “significant uncertainty.”...
Thailand to Raise $6.4M With Sale of Blockchain-Based Bonds
17.6.2020
The Thai Public Debt Management Office plans to sell the cheaply priced bonds through a state-owned bank’s blockchain e-wallet