I will be 60 in September, have $95,000 in cash, work part time ($30,000 yearly) for insurance and contribute 10% plus the employer match of 8% to a small 401(k). My home and car are paid for, I don’t...
Tag: Debts
Millennials are sinking under the weight of their debts, adding a record $3.8 trillion to the pile last quarter. Here’s what’s driving that — plus 3 tips to get your head above water
In news that will come as no surprise to their boomer parents, millennials in their 30s are digging themselves deeper and deeper into debt. Don’t miss And it’s not just due to their long-abiding...
Babel Finance to Launch HOPE Stablecoin in Effort to Repay Debts
Embattled crypto lending firm Babel Finance envisions a restructuring effort centered around a new stable asset project called Babel Recovery Coin. Babel’s co-founder and sole director Yang Zhou is pi...
Payback? Celsius may Issue New Token for Debts
Insolvent cryptocurrency lender Celsius may issue a new token to pay back its creditors, as reported by Bloomberg. Upon the company’s restructuring plan, the new proposal is aimed at raising fund and ...
Bed Bath & Beyond defaults on credit line, warns on debts
A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images Bed Bath & Beyond said Thursday it...
El Salvador pays debts in full as Bitcoin continues to…
Nayib Bukele, the President of El Salvador, took to Twitter to announce that an $800 billion bond was paid with interest, and that his country’s “Bitcoin bet” continues. President Bukele was more than...
AEX exchange liquidating traditional assets to settle debts
AEX exchange has announced strategic plans to liquidate some its traditional assets to repay debtors. Troubled exchange AEX under siege Assets to be liquidated include box office and TV income rights ...
LBRY Says Company Has Been ‘Killed by Legal and SEC Debts’
The company behind blockchain publishing platform LBRY wrote its own obituary on Twitter yesterday after losing a fight with the SEC earlier this month. In Monday tweets, LBRY, Inc. said it had been ...
FTX Subsidiary Alameda Research’s Assets And Debts On DeFi
Crypto exchange FTX reached out to rival crypto exchange Binance for seeking help with the liquidity crisis. As a result, Binance signed a non-binding LOI with the intent to acquire FTX. Meanwhile, Al...
Nursing homes suing caregivers for debts they don’t owe, regulator says
Nursing homes and debt collectors are billing and suing long-term-care residents’ family members and friends, demanding payments for debts these individuals don’t legally owe, consumer attorneys and f...
Philippine Tycoon Dennis Uy’s Firms Roll Over Debts, Tap Funding From Billionaire Enrique Razon As Losses Deepen
Dennis Uy, chairman and president of Phoenix Petroleum Holdings, speaks during a Bloomberg round-table discussion in Manila, the Philippines, on March 5, 2018. Veejay Villafranca/Bloomberg Mobile phon...
Is CEL’s [Celsius] 29% rally enough compensation to repay debts
The heat on Celsius [CEL], the embattled crypto-lending platform, seems to have reduced lately. Interestingly, the wave looks to have spread to its coin CEL. The altcoin was one of the best-performing...
The A-to-Z of Celsius filing for bankruptcy after closing off all debts
Crypto lending platform Celsius has created many headlines across the crypto space over the past two months. In the latest development, Celsius closed off the last of its DeFi debts that it owed Compo...
Voyager says customers will get their crypto when 3AC settles debts
Listen to this article. Troubled trading platform Voyager says the amount of crypto users can expect to get back depends largely on how much it manages to recover from collapsed hedge fund Three Arrow...
Celsius Network Minimizes Debts Amid Bankruptcy Battle
Editors News Celsius Network paid off $113,105,000 on its Aave and Compound loans. Celsius freed up more than $450 million in collateral. Since last week’s wave of bitcoin loan repayments, the trouble...
Fundraising Rounds with Thalex, Li.Fi and DeepNFTValue, Voyager Might not Fully Repay Customers, Celsius Continues to Settle Debts – crypto.news
Fundraising rounds continue with Thalex, Li.Fi, and DeepNFTValue raising millions. Reports indicate that Voyager’s recovery plan does not guarantee refunds to all customers. Celsius, on the other hand...
Celsius changes legal team, pays off $20M in Aave debts
Crypto lending platform Celsius has reportedly hired lawyers from Kirkland & Ellis LLP to advise on its restructuring options — the same firm that assisted Voyager Digital with its bankruptcy fili...
Argo Blockchain reports selling 637 BTC to pay debts
Argo Blockchain has joined crypto mining firms including Bitfarms, Core Scientific and Riot Blockchain in selling part of its Bitcoin holdings. In a Thursday blog post, Argo said it sold 637 Bitcoin (...
Celsius Network Claims $440 Million in Collateral, Pays off Debts – Coinpedia – Fintech & Cryptocurreny News Media
Celsius Network, a cryptocurrency lender had halted withdrawals last month amid liquidity concerns after the cryptocurrency market and Terra (USDT) collapse. On Thursday, however, it fully repaid a lo...
Bitfarms sold 3K Bitcoin as part of strategy to improve liquidity and pay debts
Canadian crypto mining firm Bitfarms sold roughly $62 million worth of Bitcoin (BTC) in June, using the proceeds from the sale to reduce its debt. In a Tuesday announcement, Bitfarms said it had sold ...
ETH Dips Below $1000 on Uniswap as a Whale Market Dumps to Repay Debts
Over the past couple of days, the cryptocurrency market saw extreme turbulence and massive volatility. During the turmoil, a whale liquidated a massive amount of ETH, pushing its price on Uniswap down...
Investors’ Speculation that El Salvador won’t Pay Debts in January is Flawed, Here’s Why – crypto.news
Speculations have risen, questioning whether El Salvador will be able to meet its financial obligations come January. These Rumors ensued when El Salvador bought more of BTC in the recent market cras...
Russia faces defaulting on foreign debts within weeks
Russian President Vladimir Putin listens during a meeting of the Russia the Land of Opportunity Supervisory Board at the Kremlin, in Moscow, Russia – Mikhail Tereshchenko/Sputnik Russia is poise...
Investing Can Help You Combat Your Debts
getty Key Takeaways According to New York Federal Reserve data, consumers ended 2021 with a record $15.6 trillion in debt The average household now owes $155,622, including balances on mortgages, cred...
Risk of Russian banks defaulting on debts highest since Crimea
Crisis pushes up risk of Russian banks defaulting on their debts The risk of the Kremlin and its banks defaulting on their debts is higher than at any point since the invasion of Crimea as S&P cut...
Student-Loan Processor Navient to Cancel $1.7 Billion of Debts
One of the nation’s largest student-loan processors will cancel the debt of 66,000 borrowers, totaling $1.7 billion, in an agreement with 40 state attorneys general. The agreements resolve all six out...
Opinion: Opinion: High debts and stagflation will bring mother of all financial crises
NEW YORK (Project Syndicate)— The world economy is lurching toward an unprecedented confluence of economic, financial, and debt crises, following the explosion of deficits, borrowing, and leverage in ...