Moody’s Downgrades Coinbase’s Debt
The ratings agency has also put the crypto exchange’s rating Original Source
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Debt
Miner Bitfarms Sold Almost Half Its Bitcoin to Reduce Debt
The miner sold 3,000 BTC in the past week to reduce its Galaxy credit facility. It also closed an NYDIG equipment-financing loan. Source
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Babel Has Been Granted a Reprieve From Debt Repayments
Babel, based in Hong Kong, expressed that it has reached tentative agreements on the repayment time frame of its recently acquired debts. This, in turn, has reduced the company's short-term liquidity burden. Babel Finance, the embattled crypto lender which suspended withdrawals on Friday, has received a reprieve on debt repayments
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Babel Finance Reaches Debt Agreement With Counterparties After Withdrawal Freeze
Hong Kong-based crypto lender Babel Finance has reached "preliminary agreements" with several counterparties and customers after a withdrawal freeze last week. Source
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Deribit Confirms 3 Arrows Capital as a Shareholder, States the Exchange’s Accounts are in Debt, but Still Financially Healthy
Summary: The team at Deribit has confirmed that Three Arrows Capital is a shareholder at the exchange. Deribit also hinted that its accounts possibly linked to Three Arrows Capital are in debt. However, the team at Deribit quelled fears of insolvency by stating that the exchange will remain financially healthy if the above-stated
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Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds
Bitcoin's month-long (BTC) choppy price action came to an end on June 13 after a deep market sell-off pressed the top cryptocurrency under the $29,000 support. The move took place as equities markets also sold-off sharply, hitting their lowest levels of the year. Data from Cryptox Markets Pro and TradingView shows that the
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Will El Salvador Default on Its Sovereign Debt in 2023?
More speculatively, El Salvador might be able to secure some financing from large players in the crypto space, the so-called “whales” who want to keep the idea of "nation-state bitcoin adoption" alive. Stablecoin issuer Tether, crypto exchange Bitfinex or others could extend support with a direct loan to the government,
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Battered Bitcoin Miners Increasingly Turn to Debt Financing
As the industry matures, debt capital is preferred by investors, given its non-dilutive nature. Indeed, offering equity in the current market has often not been kind to the share price of miners. Most recently, shares of TeraWulf (WULF), which uses 100% clean energy to power its mining operations, tumbled about
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Bitcoin Miner Blockmetrix Raises $20M in Debt From BankProv and CrossTower
“This is what we call our colo-light strategy, wherein Blockmetrix partners with an industry-leading colocation developer and operator by contributing equity and functioning as an anchor tenant for the new venture,” Bannister said, adding that the JV partner will provide all of the developmental and operational expertise. “This allows Blockmetrix
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Bitcoin Miner CleanSpark Raises $35M in Equipment-Backed Debt From Trinity Capital
“We are excited to partner with the team at CleanSpark, which is on a mission to mine bitcoin responsibly, using a mix of sustainable energy including nuclear, hydroelectric, solar, and wind,” said Ryan Little, managing director of equipment financing at Trinity Capital, in a statement. Source
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