10 seconds ago | 2 mins read Bitcoin News The company’s average mining hash rate in October was 3.9 EH/s. As it stands, the company looks to have fallen on hard times due to a confluence of factors. B...
Tag: Default
Bitcoin miner Iris Energy faces $103M default claim from creditors
According to a new filing with the U.S. Securities and Exchange Commission on Monday, Bitcoin (BTC) miner Iris Energy says it has received a default notice from mining rig manufacturer Bitmain Technol...
Bitcoin Miner Iris Energy Faces Default Claim on $103M of Equipment Loans
The reason for the notice of default, which the lender sent to the miner on Nov. 4, is the company failed to engage in “good faith restructuring discussions” for the debt in question, acco...
Iris Energy receives default notice on $103 million
Bitcoin mining operator Iris Energy Limited said two of its miners received a notice of default on more than $100 million in debt. In a document filed with the Securities and Exchange Commission, the ...
Bitcoin Miner Iris Energy On Verge of $103 Million Loan Default
Yet another major North American Bitcoin miner is looking ill-prepared to pay off its debts before the end of the year. This time it’s Iris Energy – a sustainability-focused miner that recently revea...
Bitcoin mining firm Iris Energy on verge of $103M loan default
A tweet from Bitcoin Magazine Analyst Dylan LeClair stated BTC mining firm Iris Energy is close to defaulting on a $103 million loan held by the New York Digital Investment Group (NYDIG). He continued...
Growing Pile of Distressed Debt Signals Coming US Default Wave
(Bloomberg) — A heap of distressed debt is expanding in the US corporate bond market and investors worry that a burst of defaults will follow. Most Read from Bloomberg The amount of dollar-denom...
Economist Peter Schiff Warns the US Dollar Will Crash — Says ‘We’re Going to Default’ – Economics Bitcoin News
Economist Peter Schiff has warned that the U.S. dollar will crash. Noting that the U.S. is “in a much bigger fiscal mess than Great Britain,” with a much bigger debt problem, Schiff stressed: “Can we ...
TrueFi Issues Default Notice to Blockwater Over $3.4 Million BUSD Loan
The ongoing bear market appears to have claimed another victim. Decentralized finance (DeFi) project TrueFi said it has issued a default notice to South Korean venture firm Blockwater Technologies fo...
TrueFi issues first default notice on $3.4M BUSD loan
TrueFi does not expect Blockwater Technologies’ default to affect its stablecoin lending pools or capital market portfolios. On Oct. 10, unsecured lending protocol TrueFi issued a default notice...
Crypto-lender TrueFi issues default notice to Blockwater over $3.4M loan
DeFi lending company TrueFi has issued a notice of default to South Korea-based Blockwater Technologies over the latter’s failure to repay an unsecured loan of $3.4 million. The notice was issued on 6...
TrueFi issues notice of default to VC firm Blockwater on $3.4M loan
Unsecured lending protocol TrueFi has issued a notice of default to Blockwater Technologies for failing to repay a $3.4 million loan agreement. According to Blockwater’s borrower profile, the venture ...
TrueFi Issues First Default to Crypto Investment Firm Blockwater on BUSD Loan
Decentralized finance (DeFi) lending protocol TrueFi issued a “notice of default” to Blockwater Technologies on October 6th for failing to make a scheduled payment of more than $3.4 million loan in BU...
TrueFi Issues Default Notice to Blockwater for $3.4M BUSD Loan
Decentralized finance (DeFi) unsecured loan protocol TrueFi is trying to claw back funds from its debtors and recently issued a default notice to Blockwater. On Oct. 10, the DeFi lending firm announce...
TrueFi Announces First Default over its $3.4 million BUSD loan
Earlier today, October 10, decentralized finance (DeFi) lending platform TrueFi issued a notice of default to Blockwater Technologies on missing a scheduled payment over its $3.4 million BUSD loan. Ov...
Credit Suisse CEO Seeks to Calm as Default Swaps Near 2009 Level
(Bloomberg) — Most Read from Bloomberg Credit Suisse Group AG’s new chief has asked investors for less than 100 days to deliver a new turnaround strategy. Turbulent markets are making that feel ...
‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels – Economics Bitcoin News
It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14 years later, Cred...
Private ETH Transfers May Achieve Ethereum Censorship Resistance without L1 Baselayer Privacy Default – crypto.news
Private ETH Transfers May Achieve Ethereum Censorship Resistance without L1 Baselayer Privacy Default. The Inbuilt Ethereum Censorship Resistance According to a Tweet by Tim Beiko, Ethereum, being a s...
‘Andor’ Is, By Default, The Best Disney+ ‘Star Wars’ Show Yet
‘Andor’ poster Disney Andor (2022) Lucasfilm/TV-14/12 episodes Created by Tony Gilroy Starring Diego Luna, Genevieve O’Reilly, Stellan Skarsgård, Adria Arjona, Denise Gough, Kyle Sol...
El Salvador Likely to Default Due to Bitcoin Adoption But President Bukele Isn’t Giving Up
Hero at home, villain abroad. El Salvador`s bitcoin maverick president Nayib Bukele took perhaps one of the bravest decisions in modern economics: adopting the divisive crypto asset as legal tender. A...
SEC Greenlights $35 Trillion Pension Pot For Clearing House Default – Trustnodes
The Securities and Exchanges Commission (SEC) has removed a $1 billion cap on the amount of pension funds that can be tapped by the Options Clearing Corporation (OCC) in case one of its members defaul...
El Salvador seeks to buy back $1.6B of debt to quell default fears
Amid falling Bitcoin (BTC) prices and rising fears of El Salvador defaulting on its debt, the Central American country is attempting to buy back $1.6 billion of its sovereign bonds. El Salvador Presid...
El Salvador Allays Default Fears by Announcing Sovereign Debt Buyback
While the rest of the world’s government grapples with grim macroeconomic conditions, El Salvador is bucking the trend and has announced it has enough cash to pay its debts before they mature. As 2023...
Ghana Ranked as Country With Second-Highest Debt Default Risk Globally – Economics Bitcoin News
According to Visual Capitalist, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,...
Mortgage Default Movement Sparks in China – Trustnodes
A movement has began in China to default on mortgage payments on pre-bought properties that remain unfinished by property developers. The “stop mortgage repayment” movement has spread to 274 projects ...
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...
Salvadoran President Nayib Bukele Buys More Bitcoin: Is Country Moving Towards A Debt Default?
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Voyager Files for Bankruptcy Citing Contagion in Crypto Markets, Three Arrows Capital’s Loan Default – Featured Bitcoin News
Crypto lender Voyager Digital has filed for Chapter 11 bankruptcy. The company explained that the “prolonged volatility and contagion in the crypto markets” and the default of crypto hedge fund Three ...
Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default
Cryptocurrency exchange Voyager Digital announced Friday that it was temporarily suspending trading, deposits, withdrawals and loyalty rewards. “The failure of a borrower, Three Arrows Capital, to rep...
Bitcoin Cash Sinks 7% As Its Biggest Advocate Is Accused Of Default
Bitcoin Cash (BCH) prices sank on Wednesday after Roger Ver, a major advocate of the blockchain, was accused of owing crypto exchange CoinFlex about $47 million. In a Twitter statement, CoinFlex CEO ...
Funding Rounds Continue with Flowdesk and Azuro, Voyager Issues Default Notice to Three Arrows Capital, Anonymous Going After Do Kwon – crypto.news
Flowdesk, a crypto company, announced a successful Serie A round which raised $30 million. In other news, the Anonymous hacktivists group is looking into Do Kwon’s historical dealings. Flowdesk Raise...