2023-2-4 01:09 |
Fintech investment firm 1754 Finance, the originator of the debt pool with the most distressed loans, said it is liquidating the assets off-chain and negotiating with borrowers for repayments. origin »
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NYDIG had previously said it would object to a $70 million lifeline loan for Core if its own deal wasn't finalized.
2023-2-3 15:05 | |
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Bitcoin (BTC) mining firm Greenidge said it lost about $130 million during the fourth quarter of 2022 while earning just $15 million, according to a January 31 statement. The post Bitcoin miner Greenidge lost $130M in 2022 Q4; restructures debt with NYDIG, B. Riley appeared first on CryptoSlate.
2023-2-1 21:47 | |
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Weeks before the FTX collapse, a top executive raised concerns to founder and then CEO Sam Bankman-Fried (SBF) about Alameda’s significant debt to FTX, the New York Times (NYT) reported. The post SBF said it was ‘okay’ that Alameda was borrowing FTX user funds appeared first on CryptoSlate.
2023-1-18 12:35 | |
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Genesis, a subsidiary of DCG, is said to owe creditors more than $3bn and is in a high-profile dispute with the Winklevoss twins over money borrowed from their Gemini exchange. The post Digital Currency Group Could Be Forced to Sell Assets to Pay $3 Billion Debt appeared first on BeInCrypto.
2023-1-13 17:48 | |
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The improvements attempt to solve Maple’s design shortcomings highlighted during a recent debt crisis, but they may reduce incentives for holding the protocol’s native MPL token in its new form, an analyst said.
2022-12-15 22:14 | |
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Poolin CEO and founder Kevin Pan assured users that funds are safe and said the company might look to debt to solve its liquidity troubles.
2022-9-6 13:55 | |
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Famous investor Simon Dixon recently described El Salvador’s Bitcoin policy as “very responsible” and said it could be the first domino to fall in bringing down the International Monetary Fund’s (IMF) “fiat-based Ponzi scheme” debt mechanism if it succeeds.
2022-8-23 17:00 | |
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The company said it was speaking with depositors looking to help the business by “rolling some of their deposits into equity.”
2022-7-11 15:13 | |
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Caitlin Long said bankruptcies were inevitable the moment bitcoin “started being leveraged, rehypothecated, or financialized with debt.”
2022-7-2 21:44 | |
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TrustToken, the firm behind top unsecured lending protocol TrueFi, has launched its first independently-managed lending portfolio, the firm said on Monday. The new loan portfolio will be managed by debt financing fintech startup Cauris Finance, via TrustToken’s TrueFi protocol.
2022-5-10 01:26 | |
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A recent report from Pantera Capital said moves in the debt market and the Fed’s shifting monetary policy could be the fodder that fuels Bitcoin’s next monster rally.
2022-2-24 01:05 | |
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Bitcoin should be there to allow people to save in the event the government fails, Senator Cynthia Lummis said.
2021-10-15 15:45 | |
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Coinbase said on Monday that it plans to raise about $1. 2 billion from private debt offering in a bid to inject funds, following the continuous underperformance of its Nasdaq-listed stock. The cryptocurrency exchange will also be granted the initial purchasers of the notes a 30-day option to buy up to an extra $187.
2021-5-19 14:20 | |
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Corporate Intelligence Services said it launched the new repayment option to provide a better service to its "clientele."
2021-2-2 19:08 | |
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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 and deploy debt securities, funds, and equities as […] The post Canadian Firm 3iQ’s Bitcoin Fund Listed on Gibraltar Stock Exchange appeared first on Bitcoin News.
2020-10-1 18:45 | |
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James Beeland Rogers Jr. , a marquee trader, and investor said in an interview with The Economic Times that the extreme debt offered around the world could see the worst economic downturn in his life yet.
2020-8-18 18:38 | |
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"This unequivocally proves that a debt security can be managed through its full lifecycle," said an exec.
2019-12-11 15:30 | |
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Jerome Powell, chairman of the Federal Reserve, has stated America is on an unsustainable path because debt is growing faster than the economy by a significant margin. He said: “The... The post Debt is Growing Faster Than the Economy, Unsustainable Says Powell appeared first on Trustnodes.
2019-11-19 21:30 | |
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In a recent podcast by Preston Pysh, author and economics professor Saifedean Ammous explained how Bitcoin is the solution to get out of debt. He said that inflation is a money supply phenomenon and not collapse in demand.
2019-9-10 05:03 | |
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Die-hard Ripple fanatics are going “balls deep” in debt to buy XRP, the cryptocurrency associated with Ripple. One Twitter user known as XRP PHOENIX said he’d taken a loan for “way more than [he] can afford to pay back” to fund his crypto purchases.
2019-7-29 17:14 | |
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France Issues First 10-year Bonds At A Negative Interest Rate France has issued its first-ever 10-year bond at a negative borrowing rate, later this week. These negative yield banks mean instead of receiving, investors will pay interest for owning French sovereign debt.
2019-7-6 19:29 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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On May 9, 2019, the Financial Crimes Enforcement Network (FinCEN), issued new “interpretive guidance” about how its regulations apply to businesses that conduct money transmissions in virtual currencies.
2019-5-11 21:34 | |
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By CCN. com: Time to wake the f**k up. Donald Trump is not the self-made business genius you think he is. The president is many things. He’s a great leader. He knows how to rally people and inspire action.
2019-5-8 16:27 | |
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Troubled cryptocurrency exchange Mt. Gox is finally inching closer to settling its debt with creditors, some five years after it was hacked. According to new documents published by Mt. Gox‘s trustee Nobuaki Kobayashi (aka Tokyo Whale, as he’s known in cryptocurrency circles), a decision has been made with regards to creditor’s claims – they’ve been approved or disapproved – and the Tokyo District Court has been notified.
2019-3-21 15:32 | |
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According to a report in Forbes, Chicago Mayor Rahm Emmanuel – formerly Chief of Staff for President Barack Obama – told one-time CCN writer Benjamin Pirus that the future for cryptocurrency is “affirmative.
2019-3-21 09:54 | |
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As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canada’s mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges.
2019-3-20 18:42 | |
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A group of lawyers from some of Canada’s top law firms convened in a court in Halifax, Nova Scotia, today to secure the right to represent creditors in the ongoing QuadrigaCX litigation.
2019-2-15 01:45 | |
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Shares in debt-laden Reliance Communications (RCom) fell close to 50% on Monday as the Anil Ambani-owned company announced that it would seek bankruptcy protection from India’s insolvency tribunal.
2019-2-5 15:57 | |
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Crypto-to-USD lender BlockFi has announced that it will support loans backed by both Litecoin and Gemini’s recent stablecoin token GUSD. This is the first time the company is expanding to accept collateral in one of the crypto industry’s top-10 assets besides bitcoin and ether.
2018-10-16 16:07 | |
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Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.
2018-10-3 19:05 | |
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Wonga, the company once dubbed by UK lawmakers as a “legal loan shark” is in dire straits, and is almost certain to enter administration. In preparation for this delightful and long overdue event, we went ahead and wrote it a eulogy: Wonga, fintech loan shark, is dead at 12.
2018-8-28 15:08 | |
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The World Bank and Australia's largest bank, the Commonwealth Bank of Australia, have issued a public bond exclusively through the blockchain. The $100 million AUD ($73.
2018-8-25 23:16 | |
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The Financial Conduct Authority (FCA), responsible for conduct and relevant prudential regulation of financial services firms and financial markets in the U. K. , has announced the details of the firms selected to be part of cohort 4 of its regulatory sandbox, according to an FCA post.
2018-7-5 01:04 | |
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Li Xiaolai, a noted Chinese bitcoin investor, has said he may take legal action against another Chinese entrepreneur over claims about a bitcoin fund.
2018-6-14 15:05 | |
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Tariff policies may disrupt inflation trends, affecting economic stability and potentially influencing monetary policy and market dynamics. The post Bitcoin soars above $84,000 as US inflation cools in February appeared first on Crypto Briefing.
The potential DOJ sell-off and economic concerns could exacerbate market volatility, impacting Bitcoin's stability and investor confidence. The post Bitcoin’s price drop sparks speculation over DOJ’s possible sell-off appeared first on Crypto Briefing.
This move could significantly impact Bitcoin's market dynamics and influence corporate treasury strategies globally. The post Strategy to offer $21 billion in preferred stock to expand Bitcoin holdings appeared first on Crypto Briefing.
Market volatility and recession fears highlight the fragility of crypto markets amid geopolitical tensions and economic policy shifts. The post Bitcoin sinks, altcoins dip as Trump stirs recession fears amid rising trade conflict appeared first on Crypto Briefing.
Key takeaways BTC dropped to the $80k zone on Sunday as bears take control of the market. Bitcoin Pepe’s presale officially crosses $4m a month after launch. BTC dips to $80k as sellers stay in control The cryptocurrency market was bearish over the weekend, with Bitcoin losing over 5% of its value over the weekend.
David Sacks' divestment highlights the ethical complexities and financial sacrifices involved in public service roles amid crypto scrutiny. The post David Sacks rejects conflict of interest allegations, calling them ‘a lazy and stupid narrative’ appeared first on Crypto Briefing.
The large Bitcoin transfer by Mt. Gox could heighten market volatility and influence investor sentiment, especially if creditors sell. The post Mt. Gox moves over $1 billion in Bitcoin as price hits $90,000 appeared first on Crypto Briefing.