Bitcoin (BTC) mining firm Greenidge said it lost about $130 million during the fourth quarter of 2022 while earning just $15 million, according to a Jan. 31 statement. The BTC miner was one of the sev...
Tag: Debt
Greenidge Reduces Debt with NYDIG
The amount of debt that the cryptocurrency mining company Greenidge Generation Holdings owes to the investment management firm New York Digital Investment Group has been reduced by a sizeable amount t...
Greenidge Repays $59 Million Towards $76 Million Debt to NYDIG
21 seconds ago | 2 mins read Bitcoin News Greenidge transferred Bitcoin mining gear and some credits to NYDIG. The loan deal allows for a possible principal amount reduction to about $7 million. Inves...
Will the Debt Limit Fight Impact Pentagon Spending?
The looming fight over increasing the debt limit raises multiple questions, from whether it will lead to a government shutdown to the potential impact on the United States’ credit rating. But those ar...
Opinion: The Fed expects a ‘soft landing’ and no recession for the economy. We could get stagflation instead.
I am especially wary of economists — that includes Federal Reserve members and well as former Fed members — who are quick to see a soft landing for the U.S. economy. Soft landings are rare. Former Fed...
What’s Next For Markets As The U.S. Reaches It Debt Limit?
Markets are starting to show some concern as the debt limit is reached. (Photo by William Thomas … [+] Cain/Getty Images) Getty Images The clock is ticking on the U.S. debt limit, which was alre...
US gov’t $1.5T debt interest will be equal 3X Bitcoin market cap in 2023
Commentators believe that Bitcoin (BTC) bulls do not need to wait long for the United States to start printing money again. The latest analysis of U.S. macroeconomic data has led one market strategist...
Welcome to Purgatory on Wall Street
The stock market over the next decade will barely keep up with inflation. That’s according to an average of the 10-year projections of the eight valuation indicators I highlight in this space every mo...
This week’s Fed vs. markets showdown could decide fate of early 2023 stock rally
Let’s get ready to rumble. The Federal Reserve and investors appear to be locked in what one veteran market watcher has described as an epic game of “chicken.” What Fed Chair Jerome Powell says Wednes...
These money and investing tips can warm your portfolio when stocks cool
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Think you know where interest ...
AAVE Gets Cleared Of Bad Debt
The lending platform AAVE has been enjoying positive news lately. According to reports, AAVE has passed a governance proposal that would eradicate all bad debt it accumulated when Avraham Eisenberg, o...
MakerDAO has a new proposal to increase Compound D3M Debt Ceiling
MakerDAO is set to introduce some changes to its Compound V2 D3M. MKR has seen a decline in buying pressure in the last week. In a new proposal, the Open Market Committee of leading decentralized fin...
Latin American Currency Area Bad News For Debt-Laden Countries Like Argentina
30 June 2002 Yokohama : FIFA World Cup Final – Brazil v Germany : Gilberto Silva of Brazil … [+] celebrates on a lap of honour, holding the Brazilian flag (photo by Mark Leech/ Getty Image...
How to get a 6% return in bonds this year, according to Guggenheim
After an awful year, a straightforward strategy has been shaping up for investors to get an estimated 6% return in the bond market, according to Guggenheim Partners. The Federal Reserve’s rapid pace o...
Opinion: Why are my investments in a rut? That’s the way Wall Street wants it.
The Wall Street establishment doesn’t want you to read this article, and I’ll tell you why. If you’re an investor and not getting all the returns you deserve, there are lots of possible reasons. Perha...
Despite AAVE’s moves to clear bad debt, these areas remain at a loss
The Aave community passed the AIP 14 to authorize clearing CRV’s bad debt. Aave’s on-chain transaction volume was largely at a loss at press time. On 26 January, the developers of the Aave [AAVE] prot...
Aave Purchases 2.7 Million Curve Tokens To Settle Post-Hack Debt
11 hours ago | 2 mins read Defi News The decision was made when Aave Improvement Protocol (AIP) 144 was approved. A clever attack on November 23 caused bad debt on the Aave protocol. Aave’s integratio...
Bitcoin could be the answer to the US’ spiraling debt
The U.S. debt ceiling reached its $31.4 trillion limit on Jan. 19, prompting calls for radical action, even removing the ceiling altogether. Bitcoin offers an alternative to the fiat system, which is ...
What will the Fed and Jerome Powell do next week?
Jittery U.S. investors are still in “bad news is good news” mode because they want to see interest rates decline. And they expect to get what they want, as shown by the inverse yield curve. Two-year U...
Aave [AAVE] passes proposal to clear millions in debt… Details inside
Aave’s community recently approved a proposal to clear a bad debt of 2.7 million CRV. The bad debt stemmed from a failed exploit launched by Avraham Eisenberg in 2022. DeFi lending protocol Aave [AAVE...
Here’s why Bitcoin price could correct after the US government resolves the debt limit impasse
For much of 2022, the crypto market focused on the United States Federal Reserve’s actions. The central bank created a bearish environment for risk-on assets like stocks and cryptocurrencies by increa...
Fed set to deliver quarter-point rate hike along with ‘one last hawkish sting in the tail’
The Federal Reserve will downshift to a 25 basis point rise in its policy interest rate at their upcoming interest-rate meeting and will work overtime to make sure that the market doesn’t get the idea...
Aave purchases 2.7M CRV to clear bad debt following failed Eisenberg attack
According to a new post on Jan. 26, Marc Zeller, integrations lead at decentralized finance (DeFi) lending protocol Aave, stated that the firm purchased 2.7 million Curve (CRV) tokens, which would cle...
Aave Purchases 2.7M CRV To Clear Remaining Bad Debt
DeFi lending protocol Aave has revealed that it has eliminated the bad debt accumulated after a botched trade by Mango Markets hacker Avraham Eisenberg. Eisenberg was liquidated from his position on A...
Suze Orman says ‘most of America today has absolutely no money.’
Financial guru Suze Orman thinks that most consumers are, or soon will be, facing dire straits, in an environment of higher interest rates, higher inflation and elevated volatility in stocks and bonds...
El Salvador Makes Good on $800M Debt Despite ‘Bitcoin Bet’
El Salvador’s President, Nayib Bukele, said Monday his country has paid back $800 million on an external bond despite concerns last year the country would default due to its “bitcoin bet.” Investors h...
Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals – Bitcoin News
The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financi...
Inflation will be higher by year’s end; US debt tops economic hurdles
With the U.S. in danger of breaking through its debt ceiling, ongoing inflationary pressures and a recession, Wall Street traders are preparing for another year of market volatility in 2023. Will infl...
These 2 dividend-stock ETFs are more like growth funds in disguise. Can either still work in your income portfolio?
Quality-stock and dividend-focused strategies shined during the market declines of 2022, rebounding from what investors may have found to be disappointing performance during the previous long bull mar...