Sri Lanka’s sovereign-debt crisis has crippled its economy and sparked months of political turmoil and public unrest. With its foreign reserves drained to near zero, the South Asian nation fell into d...
Tag: Crisis
FDIC Insured Claim by Voyager Digital Under Scrutiny Amid Crisis
Defi News Voyager announced its Chapter 11 bankruptcy filing on Wednesday. An insured bank must provide $250,000 in insurance to each of its customers. As confirmed by an FDIC official, Reuters report...
Crypto: Liquidity Crisis Spreads to Major Exchanges
The list of collateral victims of the liquidity crunch currently affecting crypto lenders is far from fully known. If indeed we already have two dominoes that have fallen, it will take time to know t...
Celsius Possibly Used Ponzi Scheme Solution For Avoiding Liquidity Crisis
Drama around “cryptocurrency bank” Celsius is aggravating as cryptocurrency enthusiasts found out how the company fought the potential bankruptcy, and it might surprise you how simple-yet-...
Celsius’ Liquidity Crisis Solution Will Make You Disappointed in Cryptocurrency Industry
Drama around “cryptocurrency bank” Celsius is aggravating as cryptocurrency enthusiasts found out how the company fought the potential bankruptcy, and it might surprise you how simple-yet-...
FTX CEO states that the crisis of crypto is behind us
Sam Bankman-Fried can predict that the situation is going to get better. Amid the continuing crypto winter, which has seen Voyager Digital and Three Arrows Capital file for bankruptcy and BlockFi and ...
Framing An “Abuse-Of-Crisis Prevention Act” To Confine The Federal Government
I’ve been through a few of these. I was here at 9/11, I was here during the financial crisis in ‘08, I was here during the fiscal cliff. We occasionally have these great crises and when they occur we ...
‘Doing My Best To Help The Underpopulation Crisis’
Topline The world’s wealthiest man Elon Musk apparently confirmed a report from Insider that he had twins with an executive at his company Neuralink last year in a characteristically cheeky tweet Thur...
Worst of Crypto Crisis Has Passed: FTX CEO
Sam Bankman-Fried sees the light at the end of the tunnel. Despite the still stormy crypto winter, which has driven Three Arrows Capital and Voyager Digital into bankruptcy filings and left Celsius an...
Celsius Shuffles Directors as Liquidity Crisis Continues
Key Takeaways Celsius, still facing its ongoing liquidity crisis, has recruited two new directors and dismissed three others. Alan Jeffrey Carr and David Barse will join the board alongside Celsius CE...
Hulu faces existential crisis as Disney decides how to move forward
Signage is seen at the 2019 Deadline Contenders Hulu Reception at Paramount Theater on the Paramount Studios lot on April 07, 2019 in Hollywood, California. Rachel Murray | Getty Images Disney has a H...
France Will Nationalize Country’s Largest Utility Company Amid Deepening War-Induced Energy Crisis
Topline The French government said Wednesday that it plans to fully take over its largest electricity provider Electricity de France, a move that shows the long-lasting effects of Russia’s invasion of...
Nexo All Set to Acquire Crypto Lender Vauld Amid Liquidity Crisis
Defi News On Monday, the company suspended operations and stopped client withdrawals. Since June 12, withdrawals totaling $197.7 million have been reported by the firm. The Singapore-based crypto lend...
Is Nexo Acquiring Vauld As Lender Seeks To Resolve Crisis?
With the crypto community is all eyes for the next update from Vauld management, there could finally be a solution. Although there was no update from the team in the last 24 hours, the situation appea...
Coinbase-backed Vauld halts withdrawals as crypto credit crisis intensifies
Vauld, a crypto lender backed by Coinbase and investor Peter Thiel, has halted withdrawals and trading on its platform as the credit crisis in the digital asset market intensifies. The company, which ...
Withdrawals blocked: start of a crisis for Vauld?
Celsius, Coinbase, Three Arrows Capital, the CEO of FTX explains that many are secretly insolvent exchanges… After the start of this new bear market and the failure of the Terra-Luna ecosystem, severa...
Crypto’s ongoing crisis is an opportunity for realignment
It’s not a great day to be in crypto. Perhaps you’ve seen an article (or 20) about this. Perhaps you’ve been on Twitter, where our detractors are cackling gleefully over every headline, each one more ...
3AC refuses to go down amid institutional crisis? Here’s latest update
The Three Arrows Capital [3AC] crisis sees no end even after the news of insolvency was confirmed. The Singapore-based crypto hedge fund has filed for Chapter 15 Bankruptcy Protection as per the Finan...
Bitcoin Price Slips Below $20k Again as Liquidity Crisis Rocks the Industry
Bitcoin (BTC), the cryptocurrency industry’s premier digital asset has slipped below its major support level and is currently trading below $20,000. At the time of writing, Bitcoin is changing hands a...
NBC Steps Up To Help Those Affected By The Ukrainian Crisis With Special Broadcast
BERLIN, GERMANY – FEBRUARY 24: A woman wears make up in the colors of the Ukrainian flag protesting … [+] against Russian invasion of Ukraine in front of Brandenburg gate on February 24, 2...
Celsius Exploring Solutions for Liquidity Crisis
Key Takeaways Celsius has announced that it is exploring plans to help it regain solvency amidst its ongoing liquidity crisis. Celsius says that it is exploring strategic transactions, liability restr...
Two Stocks To Watch As The Oil Industry Battles A Water Crisis
The era of casually disposing of water of any type is coming to an end. Water resources, particularly “fresh” water, are moving up the value chain. A resource most of us have taken for gra...
UK plans to cut pipelines to EU if Russia gas crisis intensifies
The UK will cut off gas supplies to mainland Europe if it is hit by severe shortages under an emergency plan that energy companies warn risks exacerbating a crisis on the continent. With European coun...
Coinbase Amidst A Revenue Crisis— Downgraded By Moody’s
Famous cryptocurrency Coinbase is downgraded by the financial services company Moody’s from Ba2 to Ba3. Along with that, there is a 19% drop in the monthly users. Coinbase announced that it is cutting...
Russian Industry Faces Code Crisis as Critical Software Pulled
(Bloomberg) — Russia’s reliance on foreign software to run its factories, farms and oil fields is turning into one of the biggest headaches for domestic industry as more IT providers pull out of...
Regulators may favor centralized stablecoins after Terra crisis
Swiss National Bank Deputy Head Thomas Moser talked to Cointelegraph editor Aaron Wood and discussed the ongoing trends in central bank digital currencies (CBDCs), stablecoins and regulations during t...
2 Cryptocurrencies That Should Be On Your Watchlist In This Time Of Crisis
– Advertisement – We have witnessed considerable adoption and value increase in cryptocurrency last year. It is rapidly gaining popularity around the entire world. With its increased accla...
Major Regulations Following the 2008 Financial Crisis
Presidents George W. Bush and Barack Obama signed into law several major legislative responses to the financial crisis of 2008. The most influential and controversial of these was the Dodd-Frank Wall ...
House prices to fall in the West as rising rates and cost of living crisis collide
A “For Sale” outside a house in Hercules, California, US – David Paul Morris/Bloomberg The pandemic property boom across the developed world is coming to an abrupt halt as climbing m...
Crisis in crypto lending shines light on industry vulnerabilities
The crypto market has entered a bearish phase as prices of major cryptocurrencies have fallen to a four-year low. The current downturn in the crypto market has driven several crypto firms to go out of...
German Minister Warns Of ‘Catastrophic’ Industrial Shutdowns And Mass Unemployment If Gas Crisis Continues
Topline Germany’s economy minister Robert Habeck said the country’s federal government is attempting to stabilize energy supplies but warned of potential industry shutdowns and job losses if gas reser...
Can Bitcoin survive its first global economic crisis?
Bitcoin (BTC) was a response to the 2008 global recession. It introduced a new way to transact without depending on the trust of third parties, such as banks, particularly failing banks that were neve...