(Bloomberg) — The cost of insuring the bonds of Credit Suisse Group AG against default in the near-term is approaching a rarely-seen level that typically signals serious investor concerns. Most ...
Tag: Default
USDC depegged, but it’s not going to default
Over the past week, investors understandably became concerned over the news that billions of dollars backing USD Coin (USDC) — the second-largest stablecoin — were locked up in the distressed Silicon ...
Credit Suisse default insurance cost hits all-time high as contagion fears spread
After three banking giants, Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank, all crashed within days of each other, the cost of insuring the bonds of Credit Suisse against the lender de...
Credit Suisse Default Swaps Hit Record as SVB Failure Hits Banks
(Bloomberg) — The cost of insuring the bonds of Credit Suisse Group AG against default climbed to the highest on record as the collapse of Silicon Valley Bank sparked concern about broader conta...
CBO Estimates Summer Default If No Debt Limit Deal Reached
Treasury Secretary Janet Yellen previously indicated that extraordinary measures would expire “early … [+] June” the Congressional Budget Office have now shared their own estimates (...
How Would the US Debt Default Impact the Cryptocurrency Market
Could cryptocurrency be facing its greatest challenge yet? A debt default refers to a government’s inability to repay its debt obligations. This article will explore the potential impact of a US debt ...
Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan – Economics Bitcoin News
Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury ...
Fed Official Warns U.S. Debt Default Would Be ‘Catastrophe’ As Bank Of America Gears Up For The Worst
Topline Federal Reserve official Neel Kashkari on Tuesday reiterated the Treasury’s concern over the nation’s looming debt ceiling crisis, and though he’s unsure how likely a potenti...
What a U.S. Government Debt Default Would Mean for You
If Congress and the White House can’t agree to raise the $31.4 trillion government-debt ceiling, the government will likely default on some of its obligations. And the outlook for an accord between th...
Ukraine’s energy giant Naftogaz will be out of default soon: CEO
The CEO of Ukrainian state energy giant Naftogaz said the company is working toward resolving its debt default problems quickly. Yuriy Vitrenko told CNBC’s Hadley Gamble at the World Economic Fo...
US debt ceiling will require Treasury ‘extraordinary measures’ to avoid default
Treasury Secretary Janet Yellen disclosed the debt bomb on Friday noting the government will reach that ceiling next week on Jan. 19 when the debt balloons to $31.38 trillion. “Once the limit is...
Treasury Secretary Yellen Urges Swift Action to Increase Spending Limit, Avert Default on US Obligations – Economics Bitcoin News
Janet Yellen, the U.S. secretary of the Treasury, sent a letter to Congress on Friday urging lawmakers to increase the spending limit. Yellen stressed that the country would reach its statutory debt l...
U.S. Debt Default ‘Likely’ in Second Half of 2023: Bank of America
Many investors are concerned that with the far-right wing of the Republican Party holding sway in the House of Representatives, a debt default is coming. If the view of Ralph Axel, rates strategist at...
Bitfarms seeks to avoid BlockFi loan default with renegotiation
Bitfarms is seeking to modify a loan with BlockFi to avoid default as the value of equipment plummets. Last year, Bitfarms’ Backbone Mining Solutions entered into a $32 million equipment financi...
Default Judgment against Ooki DAO: CFTC Calls for It
Ooki DAO had been charged with violating federal commodities law. Sued by CFTC last year on two accounts, DAO failed to respond on January 10, 2023. The case has been running since last year. There ...
Ooki DAO misses lawsuit response deadline, default judgment on the cards
The Commodity Futures Trading Commission (CFTC) has begun the process of getting a default judgment in its case against Ooki DAO after the decentralized autonomous organization (DAO) missed the deadli...
Maple Finance releases version 2.0 after $36 million default on platform
Uncollateralized lender Maple Finance has updated its protocol to a second version aimed at opening up the lending platform to a wider range of institutional borrowers, including those from outside th...
How a $144 Million Property Default Started Korea’s Credit Crunch
(Bloomberg) — Global central bankers are in a race against the clock to to tame runaway inflation. But push too far, too fast, and markets key to the smooth functioning of the financial system a...
Nexus Mutual Hit With $3M in Ethereum Exposure to Orthogonal Trading Default
The FTX dominoes continue to tumble, as Nexus Mutual revealed roughly $3 million in losses due—via a long string of contiguous events—to the exchange’s collapse last month. The crypto insurance ...
Maple Finance ends ties with Orthogonal Trading over loan default
Maple Finance has cut ties with trading company Orthogonal over failure to repay due debts Nexus Finance also took a hit as a result of the failure of Orthogonal to repay its due debt One of the bigge...
Nexus Mutual expects $3M loss from Orthogonal Trading’s M11 loan default
Following Orthogonal Trading’s M11 loan default, decentralized insurance protocol Nexus Mutual has moved to withdraw all its assets from Maple Finance, as it expects to take a loss of roughly $3 milli...
Orthogonal Trading Gets Default Notice for $36M Debt
Orthogonal Trading has defaulted on eight loans worth around $36 million on DeFi lending protocol Maple Finance. The default has resulted in Maple Finance severing ties with Orthogonal Trading for mi...
Nexus Mutual moves to divest, expects $3 million loss with Maple Finance
The domino effect of companies embroiled in a crypto-lending liquidity crunch that followed the collapse of FTX continues, with Nexus Mutual now seeking to divest from the Maple Finance M11 Credit wET...
Rapid Insights: Auros’ Uncollateralized DeFi Loans
December 5, 2022, 1:22PM EST • 5 min read Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion. The fallout of FTX has caused an industry-wide credit...
Maple token down more than 24%, cuts ties with Orthogonal Trading following $36 million default
Maple Finance’s token, Maple (MPL), plummeted on Monday following the revelation that Orthogonal Trading defaulted on $36 million of loans on the crypto lending protocol. Orthogonal Trading inte...
Iris Energy mining rigs set to go offline following $108M loan default
Slumping Bitcoin prices, paired with record-high hash rates and increasing energy prices, have caught up with Bitcoin miner Iris Energy. The Australia-based mining firm is set to take a significant c...
Iris Energy to eliminate mining equipment following $108M loan default
The current bear market in cryptocurrencies has claimed another victim: the Australian-based Bitcoin mining company Iris Energy. This makes Iris Energy the latest company to fall victim to the bear ma...
Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Anything Is by Default Suspect’ – Featured Bitcoin News
Ethereum co-founder Vitalik Buterin says many people in the Ethereum community see the FTX collapse “as a validation of things they believed in all along: centralized anything is by default suspect.” ...