Bug discovered in GMX debt tracking system nets Collider $1m prize

GMX, a decentralized futures exchange, awarded the Collider team $1 million for finding a bug in its debt tracking system дальше »

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Curve Founder Michael Egorov 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.   Egorov’s DeFi debt profile was revealed on August 1 following a Curve Finance hack that extracted $73. дальше »

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The Great Inscription Renumbering Debate: The Code & The Culture

Cursed inscriptions have created a large technical debt for Ordinals and Inscription developers to handle. The debate on how to address the problem is currently a matter of contention for users. дальше »

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Curve founder repays Aave loan, still owes $42m to defi lenders

Michael Egorov, the co-founder of Curve Finance, has completely settled his debt on Aave by depositing 68 million CRV дальше »

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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. дальше »

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Debt nation: The unsustainable rise of debt in the U.S.

The post Debt nation: The unsustainable rise of debt in the U.S. appeared first on CryptoSlate.

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This Week in Crypto: Big US Debt, Solana Boss on Crypto Rules, and SWIFT Woes

This Week in crypto revealed that US debt levels have soared, there is still much to be done about US crypto regulation, even as tokenisation efforts progress. The post This Week in Crypto: Big US Debt, Solana Boss on Crypto Rules, and SWIFT Woes appeared first on BeInCrypto. дальше »

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Is Bitcoin still a good long-term asset today?

Amidst soaring debt and inflation, Bitcoin could become a successful hedge. The king coin's data suggested that it was on a healthy long-term growth trajectory. Over the last two years, it hThe post Is Bitcoin still a good long-term asset today? appeared first on AMBCrypto. дальше »

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Bitcoin investors are bullish on the US Fed’s $100B loss

The debt ceiling is unlikely to hold as the government faces increased pressure from interest rate payments, a potential catalyst for Bitcoin and cryptocurrencies. дальше »

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U.S. national debt nears $33T, reigniting debate on crypto as financial hedge

Quick Take Over the past months, the U. S. national debt has witnessed a rapid acceleration. As reported by CryptoSlate in June, the national debt was on the verge of hitting the $32 trillion mark. дальше »

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PayPal’s PYUSD is Fully Backed, Says Transparency Report

Paxos has released a transparency report for PayPal's stablecoin, PYUSD, showing it is fully backed by US Treasury debt and cash deposits. An independent audit is planned for later this month. The post PayPal’s PYUSD is Fully Backed, Says Transparency Report appeared first on BeInCrypto. дальше »

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Curve (CRV) Price Drops Below $0.40 – Will Founder’s $100M Debt Trigger More Losses? 

A controversial $50 million Curve Finance Exploit in July 2023 had raised concerns about the founder’s $117 million loans. Is the Curve Finance risk of another black swan DeFi liquidation event? The post Curve (CRV) Price Drops Below $0. дальше »

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FTX moving coins to BitGo, plans to settle the over $8B debt ongoing

FTX, the defunct crypto exchange, has been consolidating coins as part of efforts to settle over $8 billion in debt owed to clients дальше »

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Grappling with new normal as debt levels skyrocket, stalling return to average interest rates

Quick Take A closer look at the question, “When are interest rates returning to normal?” reveals an intriguing aspect of economic dynamics. The Bank of England (BOE) still hovers approximately 50 basis points (bps) from the average interest rate levels since 1970. дальше »

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Tether Opts for US Treasury Bills to Back Stablecoin USDT

Tether strategically accumulates $72. 5 billion in US Treasury bills, securing a top position globally. Amid China's accelerated sell-off of U. S. debt, Tether's stablecoin, USDT, offers an inflation hedge in emerging markets. дальше »

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Nigeria’s Patricia crypto exchange seeks to explain its token amid confusion

Patricia clarified that it will operate similarly to an IOU (I owe you) document, serving as a means for the exchange to acknowledge its debt to its users. дальше »

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Argo records $18.8m net loss despite increased mining efforts

Despite trimming debt and operational expenses, Argo Blockchain posted a net loss of over $18 million in H1 2023, records show. Argo Blockchain, a leading crypto mining company (LSE: ARB; NASDAQ: ARBK), has released its performance report for the first… дальше »

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Tokenized Treasury Offering Fuels XDC Price Rally – Is It Sustainable?

Tradeteq, a U. K. -based marketplace specializing in private debt and real-world assets, announced the launch of a tokenized U. S. Treasury offering. This initiative is hosted on the Layer 1 blockchain, XDC Network. дальше »

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Argo Blockchain cuts 2022 debt by half, down to $75M

Cryptocurrency mining firm Argo Blockchain has reduced its debts to $75 million through the first half of 2023.

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Does high US consumer debt benefit Bitcoin price?

Cointelegraph analyst and writer Marcel Pechman breaks down consumer debt and why it might lead to a good outcome for BTC.

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Coinbase reports subdued interest in debt buyback adjusts offer

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 maturing in 2031… дальше »

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Coinbase sees lukewarm demand for debt buyback, raises offer

The United States crypto exchange has increased its offer for discounted debt by 3%.

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Evaluating MKR’s prospects as Spark protocol hits the DAI debt ceiling

MKR holders react as the Spark protocol reaches its latest DAI debt limit. Assessing the correlation between the debt ceiling and MKR’s price action. MakerDAO has been minting more of its The post Evaluating MKR’s prospects as Spark protocol hits the DAI debt ceiling appeared first on AMBCrypto. дальше »

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BlackRock FUD Surges Over Poor Nation’s Debt

BlackRock criticized over its ownership of Zambian national debt.

The post BlackRock FUD Surges Over Poor Nation’s Debt appeared first on BeInCrypto.

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Institutional investors have switched gears on Salvadoran bonds

El Salvador’s once-shunned debt has become a sought-after investment this summer, with BNN Bloomberg reporting that major financial institutions like JPMorgan Chase & Co. , Eaton Vance, and PGIM are making notable moves into the market. дальше »

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Crypto Scam Featuring Fake Martin Lewis Endorsement Pushes Victim Deep into Debt

A UK woman gets caught in a Bitcoin scam and lured by a fake Martin Lewis endorsement. The post Crypto Scam Featuring Fake Martin Lewis Endorsement Pushes Victim Deep into Debt appeared first on BeInCrypto. дальше »

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US gov’t debt downgraded — Huge news for Bitcoin?

Cointelegraph analyst and writer Marcel Pechman explains why the downgrading of U.S. government debt will negatively impact the price of Bitcoin over the next few months. дальше »

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Crypto Market Forecast: Week of August 7th 2023

A curated weekly summary of forward-focused crypto news that matters. This week, the credit rating of long-term US debt is downgraded, Coinbase fights back against an SEC lawsuit, and GLASSNODE's latest weekly report explores the recent improvement in sentiment across the DeFi space. дальше »

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Американский регулятор заморозил активы майнинговой компании Digital Licensing

Комиссия по ценным бумагам и биржам США (SEC) продолжает кошмарить криптовалютную индустрию. Вчера регулятор обвинил майнинговую компанию Digital Licensing, также известную как DEBT Box в привлечении $50 млн с помощью мошеннических действий. дальше »

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Curve Founder Dumping More CRV, DeFi Holders Exit To InQubeta, Joining The Winning Team.

Investors and enthusiasts in decentralized finance (DeFi) are witnessing a momentous event unfold as news of the Curve founder dumping more Curve DAO (CRV) tokens arises. This move by the founder aims to curb his precarious debt crisis, which followed the platform’s hack. дальше »

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America’s Credit Rating Helps Make Case for Bitcoin

Fitch’s downgrade of U.S. debt this week is a warning to American policymakers and r underscores why Bitcoin and other open monetary systems matter. дальше »

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Bitcoin and Ethereum caught in the crosshairs of U.S. credit rating

Investors should keep a close eye on Bitcoin and Ethereum correlation with the S&P 500. Bitcoin and Ethereum could turn bearish now that the U.S. seemed closer to debt default. You may hThe post Bitcoin and Ethereum caught in the crosshairs of U.S. credit rating appeared first on AMBCrypto. дальше »

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SEC Freezes $50M In Assets, Cracks Down On Utah-based DEBT Box In Crypto Fraud

The United States Securities and Exchange Commission (SEC) has taken action to freeze the assets of Utah-based crypto firm Digital Licensing Inc. , alleging involvement in a $50 million fraudulent crypto scheme. дальше »

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SEC freezes assets of crypto mining firm DEBT Box in $50m fraud case

The US Securities and Exchange Commission has frozen the assets of Utah-based crypto mining firm Digital Licensing Inc., linked to a $50 million fraudulent crypto scheme. дальше »

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Largest Crypto Miners Will Benefit Most From Capacity Growth: Bernstein

Larger miners with a low cost of production and low debt are likely to be the big beneficiaries of increased capacity, the report said. дальше »

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Assessing the impact on Aave following Curve founder's deposits

Aave fees jumped as high as $2.64 million. Curve’s founder Michael Egorov reduced his debt while Aave’s TVL fell. Decentralized Finance (DeFi) protocol Aave [AAVE] recorded an incredibleThe post Assessing the impact on Aave following Curve founder's deposits appeared first on AMBCrypto. дальше »

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SEC freezes assets of DEBT Box, alleging $50M node license ‘sham’

Blockchain mining software firm DEBT Box has been accused of lying to investors about its involvement in crypto mining and its “node licenses.” дальше »

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Cardano Founder Blasts US Policies And Crypto Approach After Debt Downgrade

Charles Hoskinson, founder of Cardano and head of Input-Output Global (IOG), took to X, formerly Twitter, to criticize the United States’ economic policies and handling of emerging technologies. дальше »

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$49 million crypto fraud: SEC files charges against US firm

US SEC issues temporary restraining order against Utah-based DEBT Box for alleged $49 million crypto scheme fraud дальше »

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Curve Founder Raises $42.4M to Pay Off $80M On-Chain Debt

Michael Egorov is under liquidation pressure following the CRV’s recent price drop and Curve exploit. дальше »

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Curve’s founder sells 7.5 million CRV, settles $3 million debt on Aave

Michael Egorov, the founder of Curve, has sold an additional 7.5 million CRV in an over-the-counter (OTC) transaction and paid a $3 million debt in USDT on Aave дальше »

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Utah Crypto Scammers Lied to Investors About ‘Virtually Everything,’ Claims SEC

The Securities and Exchange Commission (SEC) has taken action against Digital Licensing Inc., also known as "DEBT Box," for an alleged crypto fraud scheme. The post Utah Crypto Scammers Lied to Investors About ‘Virtually Everything,’ Claims SEC appeared first on BeInCrypto. дальше »

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U.S. debt ceiling hike: A gateway to exponential borrowing

Quick Take After the U. S. government’s decision to suspend the debt limit till 2025, the national debt has swelled to a staggering $32. 6 trillion from nearly $32 trillion in June. With the Treasury’s new plan to borrow an additional $1. дальше »

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Liquidation Concerns Subside As Justin Sun, Others Rush To Alleviate Curve Finance’s Possible Bad Debt Fiasco

Curve Finance founder Michael Egorov has bought himself some breathing space after some backers, including Tron founder Justin Sun, stepped in to help after the decentralized protocol suffered a $47 million hack over the weekend. дальше »

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Curve Finance faces uncertain future as hack spreads FUD

CRV saw increased liquidity on centralized exchanges as the hack sparked FUD. The debt position of Curve's CEO, worth over $168 million, has sparked worries across DeFi. Curve Finance [CRV] The post Curve Finance faces uncertain future as hack spreads FUD appeared first on AMBCrypto. дальше »

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Curve Finance and Owner’s $100M Debt: Catastrophe or Slight Inconvenience?

Curve Finance founder Michael Egorov is facing a complex financial situation as he grapples with roughly $100 million in debt backed by 47% of the circulating supply of Curve DAO... дальше »

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Curve Finance founder’s $100M debt could trigger a DeFi implosion: Report

Curve Finance founder Michael Egorov has a total of $100 million in debt backed by over 400 million CRV tokens.

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Curve Founder Deploys New Liquidity Pool to Address FRAX Debt Situation

Egorov has created a new liquidity pool on Curve for FraxLend's CRV/FRAX market, called crvUSD/fFRAX. Analysts said it is an attempt to incentivise liquidity to FraxLend's pool from where Erogov has taken loan of 15.8 million FRAX. дальше »

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Just When Curve Finance Didn’t Need More Drama, Justin Sun Steps In

Justin Sun Purchases 5M CRV from Michael Egorov Amidst High Debt APY and Market Unrest In recent developments, Michael Egorov, the founder of Curve Finance, reportedly sold 5 million Curve (CRV) tokens to Justin Sun, the infamous blockchain entrepreneur and the founder of Tron, at an average price of $0. дальше »

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Why This Billionaire Continues To Advocate For Bitcoin Amid Surging US Debt?

Bitcoin (BTC) has continued to occupy center stage, drawing varied reactions from different financial pundits. One of these voices is billionaire investor Mike Novogratz, who has yet again reiterated his support for the top cryptocurrency despite the unsettling dynamics in the United States economy. дальше »

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