Curve Finance Founder Clears Aave Loan, Reduces Total Debt To $42.7 Million
Michael Egorov, founder of Curve Finance, has settled his loan on the Aave Protocol and cut his total debt to $42.7 million.
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Debt
Curve Founder Michael Egorov Deposits $35M CRV to Settle Debt on Aave
Curve founder Michael Egorov has deposited 68 million CRV tokens ($35 million) to settle his entire debt position on DeFi lending platform Aave, according to blockchain analytics firm Lookonchain. Source
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US National Debt Increases by $14B Every Day since Crossing $33T Last Week
As the US national debt rises, some estimates suggest a possible $45 trillion level over the next couple of years. The United States’ national debt has consistently risen since it hit and crossed $33 trillion last week. According to the weekly financial analysis publication The Kobeissi Letter, the US national debt has
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Evergrande Shares Fall 22% after Announcing Delay in Debt Restructuring Meeting Scheduled for Today
Evergrande has informed the Hong Kong Stock Exchange that it intends to delay a restructuring meeting because things are not going as planned. Shares of Chinese real estate company Evergrande Group fell up to 22% on Monday after the firm announced it would delay a debt restructuring meeting due today. According
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FTX moving coins to BitGo, plans to settle the over $8B debt ongoing
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied FTX, the defunct crypto exchange, has been consolidating coins as part of efforts to settle over $8 billion in debt owed to customers and creditors following its bankruptcy in November 2022. The bankrupt exchange is in the
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Coinbase Ups Its Debt Repurchase Bond Buyback Program to $180M
Coinbase has decided to increase the buyback cap to a substantial $180 million thereby leading to a notable surge in investor participation. On Tuesday, September 5, the world’s leading crypto exchange Coinbase announced that it is topping its debt buyback from $150 million previously, to now at $180 million. Thus,
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Coinbase to upsize debt repurchase by $30M
Cryptocurrency exchange has upsized its debt buyback offer from $150 million to $180 million.According to the Sept. 5 announcement, Coinbase will commit a total of $180 million to buying back its 3.625% Senior Notes due 2031. The offer will lapse on Sept. 18 at 11:59 pm Easten Time. At the time
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Argo Blockchain cuts 2022 debt by half, down to $75M
The mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly-competitive mining ecosystem, reported half year net losses of $18.8 million in 2023, down over 50% from a net loss of $39.6 million in H1 2022.Argo also notes that it
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Does high US consumer debt benefit Bitcoin price?
Cryptox analyst and writer Marcel Pechman breaks down consumer debt
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Coinbase reports subdued interest in debt buyback adjusts offer
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase’s announcement on Aug. 21 disclosed that their buyback program, initiated earlier this month, has garnered slightly above $50 million in bond tenders. As a response, the exchange has increased its offering on the 3.625% Senior Notes
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