INTERNET CITY, DUBAI, Jul.1, 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...
Tag: Debt
Forget the 1970s — this market is drawing comparisons to the 1870s
The current high inflation environment is often compared to the 1970s. But perhaps a more apt comparison would be to the 1870s. According to Bank of America, government bonds are on track for their wo...
Canopy Growth shares fall after it agrees to convert debt into stock in deal with Constellation Brands
Canopy Growth Corp. CGC, -16.29% WEED, -17.37% fell 17% in premarket trades on Thursday after the company said it reached an agreement with Constellation Brands Inc. STZ, -4.36% to convert about $198 ...
VTB Bank’s Subsidiary Tokenizes Commercial Debt in Landmark DFA Transaction
Russia’s State-owned bank VTB, through its subsidiary, VTB Factoring has completed the country’s first commercial paper tokenization through a partnership with Lighthouse, an information system operat...
CoinFlex Alleges Bitcoin Investor Roger Ver Defaulted on $47M Debt
CoinFlex CEO Mark Lamb claimed Tuesday that Roger Ver owed the crypto futures exchange $47 million in USDC. Ver, an early bitcoin investor, denied the allegation and instead accused CoinFlex of owing ...
Debt collectors’ ‘pay-to-pay’ fees ‘often illegal’: watchdog agency
Anchiy | E+ | Getty Images Certain “junk” fees often levied by debt collectors are illegal under federal law, the Consumer Financial Protection Bureau said Wednesday. Debt collectors charg...
Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market
Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Margin calls are coming for cryptocurrency miner...
CoinFLEX Says ‘Bitcoin Jesus’ Roger Ver Is Behind Its Withdrawal Troubles, $47M Debt
CoinFLEX—one of many crypto trading platforms to freeze customer withdrawals this month—isn’t facing an ordinary liquidity crunch. Rather, CEO Mark Lamb claims there is one man responsible for the pla...
CoinFLEX CEO Accuses ‘Bitcoin Jesus’ Roger Ver Of Defaulting On $47 Million Debt
Today, Mark Lamb, CEO of the crypto exchange CoinFLEX said on his official Twitter account that Roger “Bitcoin Jesus” Ver had defaulted on a $47 million USDC margin call. According to Lamb’s statement...
CoinFLEX recovery plan includes tokenized bad debt and more yields
Crypto investment platform CoinFLEX aims to rectify its liquidity shortage and restart user withdrawals by selling off bad debt through a new $47 million token offering. The new token is known as Reco...
DynamicsMining Terminates Contract with Compass Mining Over Electricity Fees Debt – crypto.news
Dynamics Mining has taken to Twitter on June 27, 2022, to reveal that it has terminated its hosting contract with Compass Mining, alleging that the latter has failed to pay its power consumption bills...
Default Won’t Trigger a Long Winter for Russia
Failing to pay your debts can stop you getting a loan again. Except if you are a country—even Russia. Russia has defaulted on its foreign debt for the first time since the Bolshevik Revolution. Becaus...
Russia defaults on debt: what are the long-term impacts?
Since the start of the “special military operation”, Russia has been under immense pressure from Western countries to withdraw from its offensive in Ukraine. Sanctions, the key tools of western govern...
CoinFLEX Halted Crypto Withdrawals. Now It Wants to Sell Its Bad Debt
Key Takeaways CoinFLEX plans to raise $47 million by tokenizing its bad debt and selling it to non-U.S. sophisticated investors. The new token, dubbed “Recovery Value USD” (rvUSD), would y...
Billionaire Hui Ka Yan’s Evergrande Faces First Winding-Up Lawsuit In Restructuring Process
Hui Ka Yan, chairman of China Evergrande Group.(Photo by Paul Yeung/Bloomberg) © 2019 Bloomberg Finance LP Billionaire Hui Ka Yan’s embattled China Evergrande Group has been hit with its first known w...
Reports Claim Russia Defaulted on Foreign Debt for the First Time in a Century, Kremlin Disagrees and Says It Paid – Economics Bitcoin News
According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received payments from the transcontinental c...
Voyager Digital Issues Loan Default Notice to Three Arrows Capital on over $670 million Debt
Crypto-asset broker Voyager Digital has issued a notice of default to cryptocurrency-focused hedge fund Three Arrows Capital Ltd (3AC) after the financially troubled hedge fund firm failed to make the...
Russia Defaults On Its Foreign Debt As Grace Period For Payment Expires, Moody’s Says
Topline Russia has defaulted on its foreign debt for the first time since 1918, according to Moody’s, as the country claims its ability to make the payments have been impaired by economic sanctions ag...
Russia defaults on foreign debt
On 27 June, Russia defaulted on its obligations in rubles, and that was enough to decree the Kremlin’s default. The declaration of Russia’s alleged default Sanctions and foreign debt position put Russ...
Russia defaults on debt: what does this mean?
Russia has defaulted on its foreign debt after a grace period on bonds interest payments lapsed on Sunday. The expiry of the 30-day grace period means Russia is in default on its foreign currency debt...
Russia’s Default Debt – Episode 2
7 hours ago | 2 mins read News Russia has even extended the 30 days extension for returning the international debits. The last debt failure was in 1998 for $40 billion during the ruble collapse. Russi...
Three Arrows Capital Receives Notice of Default on $665,000,000 in Debt Owed to Voyager Digital
A large crypto exchange is issuing a notice of default to a major crypto hedge fund. In a new announcement, Voyager Digital says they intend to seek and recover both Bitcoin (BTC) and US Dollar Coin (...
Russia Defaults on Foreign Debt for First Time Since 1918
(Bloomberg) — Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas...
A TikTok star paid off $17,000 in credit card debt by ‘cash stuffing’ — here’s how it could get your finances on track
A TikTok star paid off $17,000 in credit card debt by ‘cash stuffing’ — here’s how it could get your finances on track Lily W., a 22-year-old nurse who goes by @lilyrnbudgets on TikT...
Cruise Lines Can’t Duck Their Debt
Cruise ships, it seems, are like ducks—elegant and effortless above the water, fighting like crazy to stay afloat beneath. On the surface, the industry is finally steaming ahead after over a year at b...
Babel Wins Reprieve on Debt Repayments
Babel says understanding has facilitated ‘momentary liquidity pressure’ As its average monthly trading volume, the crypto lending firm generated up to $8 billion in its portfolio The choices investiga...
Waves Founder Holding $500M Debt To Avoid USDN Depeg
Sasha Ivanov is looking for leave liquidity as his obligation accumulates interest Waves’ market platform is among a recent string of DAOs voting to centralize control USDN moneylenders will confront...
How retirees should navigate this bear market
Here’s how best to play the market for the rest of 2022: Don’t look. I offer this advice not because I believe the bear market will continue—though of course it could. I would offer the same advice if...
Opinion: Stocks could drop 50%, Nouriel Roubini argues. Things will get much worse before they get better.
NEW YORK (Project Syndicate)—The global financial and economic outlook for the year ahead has soured rapidly in recent months, with policy makers, investors, and households now asking how much they sh...