Beleaguered crypto lender Celsius continues its strategy to pay off outstanding Aave and Compound loans after it paid off its Maker loan last week. However, the company has now hired Kirkland & El...
Tag: Debt
CoinFLEX to Sue Robert Ver to Recover $84m Outstanding Debt
CoinFLEX, a Hong Kong-based physical futures crypto exchange, announced last Saturday that it has taken legal action to recover $84 million from a single long-term serving client. Last month, the exch...
Crypto Weekly Roundup: Ethereum Merge Inches Closer, Celsius Repays MakerDAO, Alameda’s Voyager Debt, Musk’s Company Accepts DOGE Payment, And More.
As The Merge inches closer, many discussions have emerged against the Proof-of-Stake mechanism. Let’s look into the conversations around this topic and other noteworthy events that took place in crypt...
Home prices may still rise, but car values are set to fall from pandemic peak: Goldman
Homes and vehicles are two big-ticket items that most American families will require financing to obtain. There’s some good news — and bad news — when looking at both assets in the next two years, acc...
How you can avoid bond fund losses when rates rise
Bond funds that don’t lose money when interest rates rise? Sounds too good to be true, doesn’t it? Such funds do exist, and my guess is that right now you’d jump at the chance to invest in them. That’...
Fundraising Rounds with Tenderize and Planetarium Labs, Celsius Settles MakerDAO Debt, Aave Launching Stablecoin – crypto.news
Project funding continues with Tenderize and Planetarium Labs completing successful rounds. Celsius, the recently troubled lending platform, pays MakerDAO’s loan releasing all WBTC collateral. Aave is...
Celsius Network totally extinguishes its bitcoin debt
Celsius Network appears to have fully paid off its loan in Bitcoin, while the liquidation price has now dropped to zero dollars. Celsius Network pays off 100% of its loan in BTC, and the settlement pr...
Core scientific sold out Bitcoin holding to pay the debt
Core Scientific Sold 79% Bitcoins holding. Core Scientific sold bitcoin for an average price of $23000. Core Scientific is a leading mining firm established in 2017 for Mining Bitcoi...
Suze Orman says don’t do these 5 things if you want to pay off debt
‘You are asking for so much trouble’: Suze Orman says don’t do these 5 things if you want to pay off debt Best-selling personal finance author and TV personality Suze Orman has been inspir...
Celsius Fully Repays MakerDAO Debt
Key Takeaways Celsius has repaid its $41.2 million debt to MakerDAO, which enabled it to unlock the 21,962 wBTC it had been using as collateral. If Celsius sold its wBTC today, it would suffer a $1 bi...
Mining giant is forced to sell-out 79% of BTC to pay debt
One of the top crypto mining companies, Core Scientific, sold 79% of its Bitcoin holdings in June to survive the bear market. The company sold 7,202 Bitcoins for around $23,000 each, gaining nearly $1...
Voyager Files for Chapter 11 Bankruptcy After Big Debt Default From Crypto Hedge Fund Three Arrows Capital
Embattled crypto brokerage Voyager Digital is filing for chapter 11 bankruptcy after a prominent borrower defaulted on a sizable loan. In a new press release, Voyager says the firm has commenced a res...
DEBT Is Now Available for Trading on LBank Exchange
INTERNET CITY, DUBAI, Jul.5, 2022 – LBank Exchange, a global digital asset trading platform, will list DEBT on July 5, 2022. For all users of LBank Exchange, the DEBT/USDT trading pair will be officia...
Watch out — this one mistake could cost you thousands when you rollover your 401(k) to an IRA
Here’s a pro tip that can hardly be said often enough. When you change jobs and you think about rolling over your old company’s 401(k) to an IRA…watch out for all the extra fees. “Thousands of dollars...
Salvadoran President Nayib Bukele Buys More Bitcoin: Is Country Moving Towards A Debt Default?
No Result View All Result © Copyright 2022. The Coin Republic Are you sure want to unlock this post? Unlock left : 0 Yes No Are you sure want to cancel subscription? Yes No Source: https://www.thecoin...
Celsius Repays $120M Maker Debt
Celsius Network has paid another $120 million of its Bitcoin loan to Maker DAO through several DAI transactions. $120 Million Debt Repaid Although either party has not confirmed the news, the $120 mi...
Borrowers are on edge—will Biden cancel student debt or not? Here’s what’s going on.
The “he” is, of course, President Joe Biden. Some 43 million borrowers are hanging onto hope that Biden will take executive action to relieve at least some of their collective $1.7 trillion debt. Rumo...
Celsius repays $120 million stablecoin debt to Maker protocol
Within the last 24 hours, Celsius repaid $120 million of its debt owed to decentralized lending protocol Maker across three transactions. Celsius, a centralized lending firm currently facing a severe ...
Celsius Pays Back Maker’s Debt Via DAI Stablecoin
2 hours ago | 2 mins read Exchange News Celsius network has repaid almost $143 M debt through the Maker wallet. The liquidation price is reduced to $4,966.86 post the last transaction. The so-called C...
Celsius’ Bitcoin Loan Liquidation Price Below $5K as Company Repays $120 Million in Debt
Celsius Network has made several loan repayments to reduce the threshold at which it would be forcibly liquidated. The loan paybacks have been witnessed on vault #25977, which is said to belong to the...
Did Celsius pay off $67,000,000 of debt? Here’s the latest
Celsius has been in the news of late. Reports of impending insolvency have flashed across social media in recent weeks. But Celsius supporters are trying to boost CEL token prices. Cooling off the hea...
Crypto Exchange Voyager Halts Trading, Deposits and Withdrawals, Citing Debt Failure From Three Arrows Capital
Crypto exchange platform Voyager Digital is announcing a halt on all trades, deposits and withdrawals after one prominent borrower failed to repay its debt. Voyager CEO Stephen Ehrlich says that the c...
Banks Get Burned by Risky Debt, Imperiling Buyout Activity
By Laura Cooper July 3, 2022 9:03 am ET Listen to article (2 minutes) Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the out...
China’s self-styled Warren Buffett haunted by Fosun’s $40bn debt
Chinese billionaire Guo Guangchang, whose global empire includes French resort group Club Med, Portugal’s biggest bank and the English football club Wolverhampton Wanderers, was among the last men sta...
The 60-40 portfolio is supposed to protect investors from volatility: so why is it having such a bad year?
The first half of 2022 has been a historically bad stretch for markets, and the carnage hasn’t been limited to stocks. As stocks and bonds have sold off in tandem, investors who for years have relied ...
Covid could not sink cruise lines — but they now face an iceberg of debt
At one point in February 2020, a single cruise ship — the Diamond Princess — accounted for more than half of the world’s confirmed cases of Covid-19 outside China. The 3,700 passengers and crew endure...
Your retirement portfolio is fundamentally flawed: GMO
All across America, retirees and near-retirees are reeling. They were assured by simplistic “McMoney” financial advisers that bonds were “safe,” that bond returns were steady and predictable, and that...