Web3 Entertainment Studio Toonstar to Release NFT-Backed TV Series ‘Space Junk’
The animated show about trash collectors in space was written by “Workaholics” producer Dominic Russo and stars "Napoleon Dynamite" actor Jon Heder. Source
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Junk
Moody’s Downgrades Signature Bank to Junk while Putting More Banks Under Review
Moody’s also put the ratings of six other banks in the US under review. Ratings agency Moody’s has downgraded the debt ratings of recently collapsed Signature Bank (NASDAQ: SBNY) to junk amid the happenings in the US banking sector. Signature Bank began to lose its shares following the demise of
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Moody’s Further Downgrades Coinbase Junk Bonds, Joining S&P
Shares of Coinbase dropped 86% in 2022, partly because trading volume for cryptocurrencies, which continues to be Coinbase’s main revenue stream, slowed after crypto prices dropped sharply during the year, and crypto firms including Three Arrows Capital, Celsius Network and FTX collapsed. Source
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Coinbase Junk Bonds Further Downgraded by S&P on Weak Profitability, Regulatory Risks
“We believe FTX’s bankruptcy in November has severely hit the crypto industry’s perceived credibility, causing a lack of retail engagement,” S&P wrote. “As a result, trading volumes across exchanges, including Coinbase, have declined sharply.” Source
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‘Most of crypto is still junk’ and lacks use case — JPMorgan blockchain head
The head of JPMorgan’s digital assets unit Umar Farooq has suggestedthat most of the crypto assets on the market are “junk” and that real crypto use cases are yet to fully present themselves. During a panel discussion at the Monetary Authority of Singapore’s Green Shoots Seminar on Aug. 29, Farooq
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Most crypto “still junk”, JPMorgan’s blockchain lead claims
Excluding a few dozen tokens, most cryptocurrencies are bound to “go away,” according to Umar Farooq, Chief Executive Officer of JPMorgan’s blockchain unit.See related article: Singapore’s MAS says needs to do better job explaining crypto policyFast facts“Most of crypto is still junk,” he said at the Monetary Authority of Singapore’s
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Coinbase junk bonds tank amid market rout and creditors’ fears
The price of Coinbase’s junk bonds are tanking amid an underwhelming performance in Q1 and fears over what could happen in the event of a bankruptcy. According to bond trading data from Trace Bonds, both of Coinbase’s junk bond offerings have dropped roughly 17% and 5.2% since its Q1 report
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Coinbase increases junk bond offering to $2B after investors swarm
Leading U.S.-based cryptocurrency exchange Coinbase has seen enormous demand for its junk bond offering, with the firm increasing the size of the sale by one-third from $1.5 billion to $2 billion.According to Economic Times, at least $7 billion worth of orders were placed in competition for equal quantities of seven
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General Motors Will be Left With Junk Stock If It Closes Nikola Deal
Nikola’s stock has tumbled following a series of allegations by a short-seller.The company’s founder resigned from his executive chairman’s position just days ago.The value of GM’s promised stake in the new energy automaker has now halved.General Motors has until September 30th to change its mind regarding the partnership deal it
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‘Snake Oil and Overpriced Junk’: Why Blockchain Doesn’t Fix Online Voting
Coronavirus is ravaging the globe, canceling presidential primaries in the U.S. and calling into question the wisdom of having lawmakers, many of them elderly, sitting close together as votes are held in Congress. Lawmakers, especially Democrats, have sought to expand mail-in voting, and perhaps give some voters the opportunity to
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