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Tag: Finance
3 Main Setbacks of Crypto Finance in 2022
A European Central Bank Executive has described key problems with the current cryptocurrency state that could potentially burst the “bubble.” However, crypto’s role in digital finance will likely cont...
FTX, Crypto Collapse Costs Taylor Swift a Huge Payday
When cryptocurrency exchange FTX raised $400 million from investors such as Softbank, Temasek, Tiger Global, and others in January, its net worth took off. The funding lifted its value to $32 billion....
Celsius Chapter 11 Update and Galaxy’s Acquisition of GK8
December 7, 2022, 10:16AM EST • 3 min read Quick Take Galaxy Digital agrees to purchase GK8 from Celsius for ~$44.0mm Required escrow deposit of ~$5.4mm from November 3, 2022 agreement Celsius KERP a...
MakerDAO, Solana, Toon Finance Price Prediction December 2022
MakerDAO MakerDAO is a decentralized autonomous organization on the Ethereum blockchain that creates and backs the Dai stablecoin. The value of Dai is pegged to the US dollar, making it a stablecoin. ...
Snowfall Protocol (Snw) Is Set To See More Returns Than Convex Finance (Cvx) And Nexo In 2023
The majority of crypto tokens are expected to recover in 2023. However, full recovery is still a long way off, with the bull run not expected to begin until mid-2024. For Snowfall Protocol (SNW), 2023...
Sherlock Forecasts a $4M Loss From Maple Finance
Sherlock anticipates a $4M loss for its stakers, from the troubled loans on Maple Finance. Sherlock previously deposited $5 million in USDC of its staking pool onto the credit pool of Maple. Sherlock,...
Alameda’s capital portfolio reveals highest token investments in Polygon, Hole, and Port Finance
The capital portfolio of the fallen quantitative cryptocurrency trading firm Alameda Capital was recently released by Financial Times, revealing some interesting investments. According to the spreadsh...
Cryptocurrency investor losses are being turned into IRS gains — here’s how they’re doing it
The Internal Revenue Service has been turning up its scrutiny on cryptocurrency investors in recent years, and as that happens, more investors have been turning to the tax code’s rules on investment l...
Nexus Mutual Loses Millions in Maple Finance Credit Pool
Smart contract insurance platforms Nexus Mutual and Sherlock will be taking losses in investments on DeFi credit pool Maple Finance. Maple revealed earlier this week it is cutting ties to cryptocurren...
TSMC Plans $40 Billion US Investment As Biden Visits Arizona Plant
Taiwan Semiconductor (TSM) – Get Free Report, the world’s biggest contract chipmaker, is set to unveil plans for a second manufacturing site in Arizona Tuesday, taking its overall U.S. in...
Orthogonal Trading fails to repay a loan amount of $10M to Mapple Finance
With the FTX going into bankruptcy, the overall ripple effect is seemingly carrying on, leaving its ugly mark and negative impact on all who are connected. In the latest case scenario, it happens to b...
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...
Maple Finance Suspends Ties With Orthodox Trading
Defi News Maple Finance said that it does not do business with “bad actors”. The firm severed all links due to the alleged falsification of finances. After the demise of FTX, the blockchain-based inst...
Most Trending Meme Coin Toon Finance Locks in Twitter HQ Billboard
Trending Meme Coin buys Twitter HQ Billboard Internet memes have turned out to be not only sources of entertainment but also an avenue for investment. Their attractiveness is directly attached to the...
Ethereum Price Holds Steady At $1,300, Altcoin Toon Finance Token Soars Along With Ethereum
Ethereum’s price has been holding steady at around $1,300 in the past week. This is a significant development for the cryptocurrency, which has seen its value fluctuate wildly in recent months. Ethere...
Maple Finance severs ties with Orthogonal Trading over insolvency concerns
Institutional crypto lending protocol Maple Finance has moved to end all its business deals with Orthogonal Trading over concerns that the latter is “effectively insolvent.” Maple Financial lending pa...
Maple Finance cuts ties with Orthogonal Trading over alleged misrepresentation of finances
Blockchain-based institutional capital marketplace Maple Finance announced on Dec. 5 that it plans to cut all ties with Orthogonal Trading due to the alleged misrepresentation of finances following th...
Orthogonal Trading is “Effectively Insolvent,” According to Maple Finance
Blockchain-based capital marketplace Maple Finance has cut ties with digital asset hedge fund Orthogonal Trading on allegations that the latter misrepresented its financial statements. Maple said ass...
Pando Finance Limited – Hope to Provide More Different High Growth Products for Hong Kong Investors in the Future
Place/Date: Hong Kong – December 5th, 2022 at 11:11 am UTC · 2 min read Contact: Jen, Source: Pando Finance Pando Finance Limited, a leading asset management company in Hong Kong, will list two ...
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...
Maple Finance Says Orthogonal Hid FTX Exposure
Maple Finance has cut ties with Orthogonal Trading after it said the company was “operating while effectively insolvent” and accrued liabilities of more than $30 million. Orthogonal Trading had ...
Orthogonal Trading defaults on $36 million of loans on Maple Finance
Orthogonal Trading has defaulted on $36 million of loans on crypto lending protocol Maple Finance after the investing firm’s funds became tied up on bankrupt exchange FTX. The default at...
Round-up on Shiba Inu and Toon Finance Ecosystem
SPONSORED POST* Predicting the future is difficult, especially regarding cryptocurrency. Prices can change in an instant in such a volatile market. Nonetheless, many people have made a fortune from th...
Nigerian Finance Bill Has Provisions Allowing Govt to Tax Crypto Transactions – Taxes Bitcoin News
A Nigerian finance bill, which seeks to amend the country’s various tax statutes, contains provisions which allow the government to tax cryptocurrency and other digital asset transactions, a report ha...
Chainlink, Cosmos, Toon Finance Are 3 Crypto Assets That Prove To Be Unbeatable During this Bear
It’s no secret that the crypto market has been in a bit of a slump lately. investors are feeling skittish and many are taking their money out of the market. However, there are still some crypto assets...
Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan – Finance Bitcoin News
A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to dat...
Binance BNB stays at $300, Litecoin LTC, Toon Finance Token TFT Jump 40%
Binance Coin BNB price remains stable at $300 Binance Coin BNB is currently trading at $300, remaining stable over the past 24 hours. BNB is the native token of the Binance cryptocurrency exchange, an...
O-MEE (OME), RobotEra (TARO), Toon Finance (TFT)
In the world of cryptocurrency, an Initial Coin Offering (ICO) is an event in which a new blockchain project sells tokens to early investors in exchange for funding. This funding allows the project to...