After years of bureaucratic dithering and foot-dragging, Puerto Rico appears to finally be on a path towards rebuilding and reorganizing its power grid and generating system after 2017’s Hurricane Mar...
Tag: Crisis
Here’s why the U.S. housing crisis could be around the corner
Following the home builder stocks drop on June 16, softening demand seems to be pushing the housing market into a downturn. Meanwhile, the Federal Reserve (Fed) is battling raging inflation by aggress...
Distressed Lending Platform Babel Finance Rescued Amid Crisis
On June 16, major cryptocurrency lending platform Babel Finance announced that withdrawals would be temporarily halted because of “unusual liquidity pressures.” Liquidity issues are currently challeng...
Celsius crisis and the hated accredited investor laws – Cointelegraph Magazine
Accredited investor laws are the bane of many in the crypto industry, who see them as preventing small investors from accessing big opportunities. When Celsius was recently forced to cut off access to...
Litecoin’s MWEB To Help LTC Be The Ideal Altcoin Amidst Crisis?
The recent holocaust in the crypto-industry has called for the masses to look out for ideal cryptocurrencies to fight against the odds. Successively, projects focussing on privacy like Litecoin (LTC...
Iran to Shut Down Crypto Mining Farms As Energy Crisis Deepens
During the previous two years, authorities in Iran have shut down around 6,914 unregistered crypto companies. Authorized crypto mining plants in the Islamic Republic will be required to disconnect the...
Why Staked Ether (stETH) seems to be responsible for another liquidity crisis?
Here the crypto market is hardly showing any growth amidst the ongoing crypto crash, yet another one seems to create a similar situation. It hasn’t been long since a stablecoin collapse in the form of...
What’s the take of Ripple CTO David Schwartz on the Whale Liquidation Crisis on Solend?
One of the major issues that crypto firms are facing amidst ongoing market crashes is the liquidation crisis due to a lack of securities and various other reasons The eruption broke out on Twitter fol...
Which Projects Could Be Affected by 3AC’s Liquidity Crisis?
Key Takeaways Three Arrows Capital is facing a liquidity crisis due to the collapse of the crypto market. It’s believed that the firm could be facing bankruptcy as it struggles to pay off its de...
Another Protocol Feared to Face a Liquidity Crisis, While These Protocols Stood Strong Amid the Turbulence
The past couple of months has been extremely difficult for the crypto space as the lending firms have been in serious trouble. After the fall of the LUNC (LUNA then) due to the de-peg of USTC (UST the...
Celsius exodus and liquidity crisis
Last week, the Celsius Network wrote its name in the alarming recent history of the crypto market failures alongside Terra. The American platform has unstaked $247 million worth of Wrapped Bitcoin (wB...
Ripple CTO on Solend’s Whale Liquidation Crisis; Decentralized Systems Are Very Democratic
Contents Ripple’s XRP escrows explained SBI considers the use of XRP’s ODL in its business model Ripple CTO David Schwartz, in response to tweets regarding the Solend liquidation crisis, b...
Burns & McDonnell Navigates Passage Between Electric Revolution And Supply Chain Crisis
She keeps a close watch on a transmission line. Burns & McDonnell The electric power industry is going through the greatest revolution since its founding by Thomas Edison, Nicola Tesla, George Wes...
German Coal, French Nukes Throw Europe Deeper Into Energy Crisis
Wind turbines are seen near the coal-fired power station Neurath of German energy giant RWE in … [+] Garzweiler, western Germany, on March 15, 2021. – On March 16, 2021, the group will pre...
Crypto Unicorn Babel Finance Moves To Solve Liquidity Crisis
Crypto lender Babel Finance on Monday said it has signed preliminary agreements with several counterparties on the repayment period of some debts. The preliminary agreements will help ease the company...
Solend Users Vote For “Forced Takeover” Amidst Whale Liquidation Crisis
After voting for a “forced takeover” for a whale account, Solend users have revisited the ballots to decide that Sunday’s “Emergency Powers” plan must be invalidated. Extreme Measures – “Whale”...
DeFi Protocol Bancor Pauses Impermanent Loss Protection Feature Amid Liquidity Crisis
Prominent DeFi protocol Bancor suspended its Impermanent Loss Protection program, citing “hostile market conditions” and “manipulative behavior” as the main causes behind the action. Assuring users an...
Blame The Regulatory State For The Healthcare Burnout Crisis
LOS ANGELES, CA – MAY 09: Members of the Service Employees International Union-United Healthcare … [+] Workers West started weeklong strike today at Cedars-Sinai Medical Center on Monday, ...
A Portrait Of Journalism In Crisis
Miami Herald photojournalist Carl Juste HBO It doesn’t take long for the news photographer wearing dark sunglasses and a Covid face mask to finish capturing the scene around him. Once he’s done, he st...
The Energy Crisis Has Been A Boon For Argentina’s Dead Cow Shale Patch
The U.S., UK, and European Union’s ban on Russian oil imports sparked by President Vladimir Putin’s invasion of Ukraine has sent global energy prices soaring. The international Brent benchmark h...
Crypto’s Excruciating Week Has Traders Bracing for Next Crisis
(Bloomberg) — It was one of the most dramatic weeks in the short history of the cryptocurrency market, bookended by the type of announcements investors fear the most from a counterparty: We’re s...
Liquidity Crisis for Crypto Lenders Arises as BTC and ETH Reserves Fall – crypto.news
Despite gains in the last 24 hours, the slow crypto market price recovery has not been sufficient to offset recent losses from the crypto crash, which affected the largest market cap holders Bitcoin a...
Genesis Trading Confirms “Large Counterparty” Liquidation Amid 3AC Crisis
Key Takeaways Genesis Trading CEO Michael Moro has confirmed that the firm liquidated “a large counterparty” this week. Though he didn’t name the counterparty, he was likely referrin...
Is the restoration of the AEX imminent after the 36-hour life-and-death crisis following the suspension of coin withdrawal?
Recently AEX Global has been in turmoil, during the 9th anniversary events there was a problem with medium and long term capital commitment and short term capital withdrawal. This made headlines in th...
The Three Arrows Capital crisis hits the fan with this new twist
The Three Arrows Capital crisis seems to have taken a new shift after latest developments. The Singapore-based hedge fund has been edging towards insolvency with massive liquidations. Co-founder Su Zh...
DogeCoin Presenting Some Good News In The Face Of Crisis
Dogecoin is facing a huge crisis both financially and from the point of view of currency trust and potential. This is amplified by the ongoing cryptocurrency bear market. As of now, Dogecoin (DO...
CFTC Commissioner Compared Crypto Crash to 2008 Banking Crisis
In an interview with Axios, Commodity Futures Trading Commission (CFTC) commissioner Christy Goldsmith Romero urged Congress to close the regulatory gap on cryptocurrencies. Responding to the recent p...
Is the Crypto Market going to witness another Liquidation crisis, this time Lido Finance?
Given the ongoing situations of the crypto market, a lot of crypto related firms and projects are on the verge of liquidity crisis The chaos created after effects of Terra (LUNA) network’s collapse, a...
Mike Novogratz equates crypto crash to Long Term Capital Management crisis
? Want to work with us? CryptoSlate is hiring for a handful of positions! Michael Novogratz, a crypto investor, and CEO of Galaxy Digital, told CNBC that the cryptocurrency market is undergoing the sa...
Tether Denies Correlation Between Its Celsius Investment & USDT Reserves Amid On-Going Celsius Crisis
Tether announced Monday that it has no involvement with the ongoing crisis of Celsius’ native token and affirmed that it would not impact its USDT reserves. Celsius, a major cryptocurrency lending pl...
Celsius liquidity crisis fuels fears of crypto market contagion
Cryptocurrencies have taken a tumble in 2022. Chesnot | Getty Images A liquidity crisis at cryptocurrency lending firm Celsius has investors worried about a broader contagion that could bring down oth...