Silvergate Capital Corporation, the parent firm of the crypto-focused bank Silvergate Bank, has attributed the $1 billion loss it incurred in the fourth quarter of 2022 to the confidence crisis that p...
Tag: Incurs
Swiss Central Bank Incurs $143B Loss; Biggest Loss in 116 Years
Swiss Central bank reported a huge loss of $143 billion in the year 2022. The loss marked the greatest loss in the history of 116 years. The loss is quite alarming as the current loss has a huge diffe...
Galaxy Digital Incurs $554.7 Million Comprehensive Loss in Q2
7 hours ago | 2 mins read Bitcoin News Galaxy’s investments were $753.9 million at the time of the report. Non-algorithmic stablecoins accounted for $256.2 million. This has been a difficult year for ...
Fantom’s Scream DeFi Protocol Incurs $35M Bad Debt as Two More Stablecoins Lose USD Peg – crypto.news
The Scream decentralized finance (DeFi) protocol has run into a $35 million dollar bad debt following its failure to adjust the price of the Fantom USD (fUSD) and Dei (DEI) stablecoins on its platform...
DeFi lender incurs $35 million loss after pricing depegged stablecoins at $1
Scream, a Fantom-based Defi lending protocol, has sustained $35 million in bad debt after neglecting to change the prices of two stablecoins that dropped their US dollar peg – Fantom USD (fUSD) ...