After their match at the “Tennis Plays for Peace” event at the U.S. Open on Wednesday, reporter … [+] Blair Henley spoke with Rafael Nadal, Iga Swiatek, Coca Gauff, and John McEnroe....
Tag: Crisis
Europe’s Energy Crisis Threatens Glass Production
BERLIN—European businesses as diverse as car makers, bottle manufacturers and skyscraper builders—not to mention artisanal glassblowers—are preparing for a possible glass shortage if the loss of Russi...
3.8 million renters will likely be evicted in the next two months — why the rental crisis keeps getting worse
Census Bureau: 3.8 million renters will likely be evicted in the next two months — why the rental crisis keeps getting worse For the first time ever, the median rent in the U.S. topped $2,000 a month ...
Energy Crisis Tearing Through Markets Leaves a Trail of Losers
(Bloomberg) — Most Read from Bloomberg The energy crisis that’s sent inflation soaring across the world is getting worse each week, leaving stock traders with a challenge to figure out where to ...
China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk – Bitcoin News
China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it has shed 8% against the U.S. dollar during the first half of 2022. China’s fiat currency is curre...
Why the U.S. military faces a growing recruiting crisis
The U.S. military faces a growing recruiting shortfall — one so large that legislators are getting concerned. “The Army has to recognize that there’s been an evolution in that young popula...
Will Mt. Gox Crash Bitcoin (BTC)? Host of Coin Bureau Weighs In on Potential Crypto Crisis
A popular crypto analyst is shining light on the possible impact of the upcoming Mt.Gox bankruptcy payments on the value of Bitcoin (BTC). The now-defunct Mt. Gox collapsed in 2014 after it was hit by...
Powell and Gas, is the Crisis Done? – Trustnodes
Four rate hikes in as many months has the market back to watching natural gas attempting to cross $10 in USA, the highest level in more than a decade. In Europe, gas has lost its head. Up 20x at Dutch...
How Ethereum NFT Lending Service BendDAO Aims to Solve Its Liquidity Crisis
BendDAO, which uses NFTs as collateral to loan Ethereum to borrowers, is in hot water. The project’s DAO—a community centered around a shared initiative that uses blockchain-based tokens for col...
Bend DAO Proposes Emergency Measures As Credit Crisis Escalates
NFT-collateralized crypto loans platform BendDAO initiated measures to course correct itself as a liquidity crisis over the weekend threatened to spiral out of control. The unfolding situation at Bend...
European energy crisis deepens as price for electricity hits all-time highs across EU
Fresh highs across the European energy markets seem to be an everyday occurrence, as electricity prices are now higher than the average in the past decade. Forecasts drive this new price rise that win...
Another Liquidation Crisis For BendDAO?
BendDAO recently went through a liquidation crisis during last week. People can collateralize their NFTs to borrow funds from the platform. BendDAO supports NFTs like CryptoPunks, BAYC etc. BendDAO, a...
China: unprecedented financial crisis? – The Cryptonomist
The real estate sector in China is currently developing financial problems. In this regard, some argue that the country is actually experiencing an unprecedented financial crisis with banks on the ver...
BendDAO Proposes Emergency Changes During Liquidity Crisis
A proposal with emergency changes has passed quorum with 97.13% votes. “We are sorry that we underestimated how illiquid NFTs could be in a bear market when setting the initial parameters,” DendDAO co...
NFT Lending Protocol Bend DAO Proposes New Measures against Bankruptcy Crisis
Subject to the bankruptcy crisis caused by depleted Ethereum reserves, NFT lending protocol Bend DAO has proposed new emergency measures pending a governance vote. The NFT lending protocol provides as...
Over 9,000 Crypto Mining Farms Seized In Iran To Combat Electricity Crisis
Crypto mining surfs a hefty amount of electricity and has become a major cause of the electricity crisis in some regions like Iran, Kosovo, etc. Similarly, after the Iranian government saw power black...
NFT lending protocol Bend DAO proposes emergency changes amid credit crisis
On Monday, developers of decentralized nonfungible tokens (NFTs) borrowing and lending protocol Bend DAO proposed new emergency measures in an attempt to stabilize the ecosystem. The same day, it was ...
Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits
2022 has been an exceptionally rough year for the crypto market, and the last few months of Bitcoin’s (BTC) price action could be a sign that bears aren’t even close to being ready to let up. Crumblin...
NFT lender BendDAO begins vote to change protocol amid liquidity crisis
The BendDAO community is currently voting to make short-term changes to the non-fungible token (NFT) lending platform as the project tries to navigate a brewing liquidity crisis. “We are sorry that we...
BendDAO’s NFT-Collateralized Crypto Loan Platform Suffers a Bank Run, Prompting a Move to Avoid Another Liquidity Crisis
BendDAO – from a distance – looks like an old-school bank: Some customers deposit money into the decentralized finance (DeFi) platform, which loans the money out, giving depositors a cut of the intere...
BAYC Creators Interviewed as NFT Lending Crisis Looms
“We never look at the floor price ever. I don’t care,” Yuga Labs co-founder said Bored Apes may be approaching mass liquidation on BendDAO Yuga Labs founders, Greg Solano and Wiley Aronow, also known ...
Euro Falls Below Dollar As Europe Gears Up For Energy Crisis
Topline The Euro fell below parity with the U.S. dollar on Monday for the second time this year as the Eurozone continues to face rising inflation while it prepares for a potential energy crisis this ...
BendDAO Hit by Insolvency Crisis as Ethereum Reserves Drained
Key Takeaways BendDAO is a lending protocol for NFTs. The project is currently suffering from an insolvency crisis as ETH depositors have rushed to withdraw their funds, creating a bank run scenario t...
Nearly $55M worth of Bored Ape, CryptoPunks NFTs risk liquidation amid debt crisis
Many owners of precious Bored Ape Yacht Club (BAYC) and CryptoPunks nonfungible tokens (NFTs), who used them as collateral to take out loans in Ether (ETH), have failed to repay their debts. The situa...
Billionaire Yang Huiyan’s Country Garden Warns Profit Will Plunge 70% Amid China’s Property Crisis
Country Garden’s Fengming Haishang residential development in Shanghai, China, on July 12, 2022. Qilai Shen/Bloomberg Country Garden Holdings—controlled by billionaire Yang Huiyan and her family...
Europe’s Self Inflicted Oil Crisis And The Saudis Last Laugh With U.S.
President Joe Biden being welcomed by Saudi Arabian Crown Prince Mohammed bin Salman at Alsalam … [+] Royal Palace in Jeddah, Saudi Arabia on July 15, 2022. (Photo by Royal Court of Saudi Arabia...
Peter Schiff Warns US Faces a ‘Massive Financial Crisis,’ Economist Expects Much Larger Problems Than 2008 ‘When the Defaults Start’ – Economics Bitcoin News
The economist and gold bug Peter Schiff usually has a lot to say, and this past week Schiff explained during an interview that he believes the U.S. will face a financial crisis worse than 2008’s ‘Grea...
Zipmex gets over three-month moratorium extension to resolve its liquidity crisis
Troubled South Asian crypto exchange Zipmex, which abruptly halted client withdrawals last month and sought protection from creditors, has received just over three months to sort out its liquidity iss...
Five Reasons New Airlines Form In A Crisis
Avelo is one of two U.S. airlines that started during the pandemic. Around the world, new airlines … [+] begin during crises because it gives them several strong advantages. MediaNews Group via ...
Coal Giants Are Making Mega Profits as Climate Crisis Grips the World
(Bloomberg) — The globe is in the grips of a climate crisis as temperatures soar and rivers run dry, and yet it’s never been a better time to make money by digging up coal. Most Read from Bloomb...