The government’s rescue of private pension plans comes with few strings attached. Illustration by Fernando Capeto for Forbes; Photos by Klaus Vedfelt/Getty Images; Westend61/Getty Images Here’s ...
Tag: Bailout
Alameda Bankrupted Bitcoin Tokenizer to Print Ren For Bailout – Trustnodes
renBTC, a project that tokenized bitcoin on ethereum in a somewhat decentralized protocol manner, is suddenly in financial difficulties following the bankruptcy of Alameda. That’s because this ‘decent...
Binance’s bailout fund is a welcome backstop for crypto — but questions remain
Last week, the world’s largest crypto exchange Binance formally unveiled a $1 billion “industry recovery fund” to help contain the damage dealt to the industry by the spectacular implosion of FTX. A f...
Sam Bankman-Fried tries to broker FTX bailout from his Bahamas home
Sam Bankman-Fried, CEO and Founder of FTX, walks near the U.S. Capitol, in Washington, D.C., September 15, 2022. Graeme Sloan | Sipa via AP Images Nassau, Bahamas — Despite being pushed out of the cry...
Genesis Sought $1B Bailout From Investors Before Halting Withdrawals: Report
Crypto lender Genesis tried to raise a $1 billion loan from investors to avoid a “liquidity crunch” driven by the fallout from crypto exchange FTX’s collapse, according to a Wall Street Journal report...
CHZ, not Chiliz, could bear some good news amid bailout for FTX-affected users
Chiliz founder brings up project plans to help some of its users affected by the FTX collapse Founder confirms the move resulted from the 37 million CHZ allegedly hacked from the exchange; CHZ volume,...
CZ on brink of second bailout for crypto
Binance chief Changpeng Zhao (CZ) has announced on Twitter that the firm will launch “an industry recovery fund” to help limit the impact of the collapse of FTX and the rest of Sam Bankman-Fried’s cry...
Chiliz Founder Allocates 38 Million CHZ to Bailout Affected FTX Users
The founder of Chiliz is allocating 38 million CHZ to individual users who could not withdraw their funds from FTX. Users can now receive compensation of up to $10,000 as part of this initiative. The...
Breaking: Justin Sun is prepared to bailout FTX with billions
Ibiam Wayas Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general p...
FTX seeks bailout to shore up liquidity; 60K BTC withdrawn from exchanges
The biggest news in the cryptoverse for Nov. 10 includes SBF planning to raise funds to bailout FTX and make users whole, SEC chairman Gary Gensler advocating for more investor protection following FT...
FTX reaches out to Kraken for help as it scrambles for $9.4B bailout; Alameda owes exchange $10B
After Binance walked away from the FTX takeover deal, the cryptocurrency exchange has turned to Kraken for a possible bailout, Reuters reported, citing two people familiar with the development. The la...
Tron, FTX broker deal for customers to withdraw certain tokens
A deal brokered between Tron and FTX will soon facilitate withdrawals on the struggling exchange. On FTX, 1:1 withdrawals for digital assets including TRX, BTT, JST, SUN, and HT tokens will be e...
FTX Turns to Apollo in Latest Bailout Bid
In Sam Bankman-Fried’s latest Hail Mary to salvage his cryptocurrency exchange, FTX, the under-fire former billionaire turned to private equity powerhouse Apollo Global, according to three sources fam...
A Timeline of High-Profile Bailout That Never Happened
Binance initially nurtured FTX. Today, it is being speculated as a reason for FTX’s imminent vanquish. This makes a great tale. But its CEO assured the community that he had no idea of the internal ha...
Sam Bankman-Fried Tells Investors FTX Needs $8 Billion Bailout
The announcement came in a call to investors on Nov. 9, just after Binance pulled out of the deal to acquire FTX. SBF said he hoped the beleaguered exchange could raise as much as $3-4 billion in equi...
Binance Coin saw momentary respite after bailout news, but…
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Binance Coin bulls were hopeful that recent news could initiate a ...
Binance’s FTX Bailout: Singapore Government Involved Indirectly
FTX’s largest Singapore government-owned investor Temasek on Wednesday said it is engaging with FTX amid the bailout by rival crypto exchange Binance. Temasek has participated in three funding rounds ...
Singapore State Investor Temasek Engaging With FTX For Bailout
There could be a surprising twist in the drama surrounding Sam Bankman-Fried’s insolvent crypto exchange FTX. As reported by The Straits Times, a possible government takeover by Singaporean state inve...
“FTX Might Have Provided Massive Bailout For Alameda In Q2”
Did this Coin Metrics analyst uncover the key to the whole Alameda/ FTX story? Because let’s face it, it doesn’t make sense. Both of Sam Bankman-Fried’s businesses were extremely profitable. FTX was t...
FTX Token Falls 80% Despite Binance Bailout as Alameda Contagion Spreads to Bitcoin
To illustrate just how spectacular the FTT token price’s collapse has been, take a look at the following chart of the 10 biggest laggards over the past 24 hours in the “Transparent CeFi Cu...
FTX’s Bankman-Fried gets Binance bailout in stunning reversal of fortune
In the wake of a rare blood moon lunar eclipse, FTX CEO Sam Bankman-Fried shocked the crypto universe on Tuesday with an announcement that the exchange he founded had agreed on a “strategic transactio...
Binance To Acquire FTX In Emergency Bailout
Key Takeaways After days of swirling rumors about a liquidity crisis at FTX, Binance has stepped in at the last minute to acquire the company and save it from collapse. This comes as FTX’s own t...
Billionaire Says Britain May Be Forced to Seek Bailout From IMF if It Does Not Renegotiate Brexit Deal – Economics Bitcoin News
British billionaire investor Guy Hands has reckoned that Britain will become “the sick man of Europe” and may be forced to seek a bailout from the International Monetary Fund (IMF) if it does not rene...
Bankman-Fried Discusses His Bailout of Crypto Firms
When it comes to crypto, FTX head Sam Bankman-Fried has made a real name for himself. He runs one of the biggest, most popular digital currency trading platforms of all time, and only in his early 30s...
Germany’s ‘dangerous’ €200bn energy bailout criticised by EU allies
Olaf Scholz – FILIP SINGER/EPA-EFE/Shutterstock Germany’s “dangerous” €200bn energy bailout has sparked further EU infighting, with Spain and Belgium the latest member states to voice misgivings...
Britain heading for IMF bailout, warns Dr Doom
Dr Droom Pound Sterling Dollar Parity Liz Truss’s £45bn tax cutting spree has set Britain on course for a bailout from the International Monetary Fund, a leading economist dubbed Dr Doom has war...
Is Voyager Digital getting a bailout from its woes? 1
Voyager Digital might be looking to get out of cold waters soon after receiving bids for its assets from top crypto firms. According to the information, top exchanges like Binance have submitted a bid...
IMF Bailout Could Be in UK’s Future, Says Strategist – Economics Bitcoin News
Mizuho Securities’ head of global macro strategies has warned that an IMF bailout may be in the U.K.’s future. Moreover, a former chancellor of the exchequer cautioned that Britain is entering a long ...
U.K. may be on road to another IMF bailout, strategist warns
Is the U.K. on the road to an International Monetary Fund bailout? That’s the view of Peter Chatwell, head of global macro strategies trading at Mizuho Securities, as expressed in an interview on Bloo...
Zambian Kwacha Strengthens Following IMF Bailout
When it was revealed that the International Monetary Fund (IMF) had authorized the $1.3 billion bailout for the country, the Zambian kwacha, which is currently trading at K15.40 for every dollar, beca...
IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble’s Position as World’s Best Performing Currency – Emerging Markets Bitcoin News
After the International Money Fund revealed it had approved a bailout package for Zambia, the Southern African country’s currency, the kwacha, rallied by 3.1%. Following this gain, the kwacha took the...