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"After the fall of Genesis, BlockFi, Celsius, and others, a major gap in the market emerged for responsibly managed secured loans for institutions. Two Prime is well-positioned to fill it," Blume said, adding that we are focused on institutional borrowers. Original Source
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Tether (USDT) stablecoin issuer is raising the bet on Bitcoin (BTC) mining by issuing a major debt facility to German-based BTC mining company Northern Data AG.Northern Data AG has secured a 575 million euro ($610 million) debt financing facility from Tether to drive further investments across its businesses, according to
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"After 2022 tricked so many into thinking that digital assets are correlated to stocks and bonds, many are left scratching their heads at the 'new' old normal," Jeff Dorman, chief investment officer at Arca pointed out. "A debt spiral leads to a loss of confidence in banks and governments and
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Following the launch of Patricia token (PTK) issued to customers to manage users’ debt by Patricia, a Nigerian cryptocurrency exchange, the chief executive officer of the exchange (CEO), Fejiro Hanu, has confirmed that customers now have the option to convert their owed funds into Patricia shares.According to a statement from
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Country Garden’s struggles come amidst broader turmoil within the Chinese property development sector. China’s leading private property developer Country Garden is grappling with a severe default risk on its offshore debt as it races against time to meet a critical $15 million coupon payment due on Tuesday, signifying the end of
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GMX, a decentralized futures exchange, awarded the Collider team $1 million for finding a bug in its debt tracking system. Last year, GMX had a bug that caused GMX V1 liquidity providers to receive incorrect fair value quotes for tokens, causing the price of GLP, the exchange’s liquidity provider token, to deviate from
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According to Ray Dalio, the debt crisis could crash US growth, and happen happen as quickly or as delayed as supply and demand dictate. American hedge fund manager and billionaire investor Ray Dalio believes that the US is in a precarious fiscal situation. According to Dalio, a debt crisis is looming. Speaking
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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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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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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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