Debt
Celsius Network Might Be Planning to Turn Its Debt Into Crypto ‘IOU’ Tokens
In a leaked audio file, Nuke Goldstein, the firm's co-founder and chief technology officer, detailed a potential plan to issue wrapped tokens representing the debt to customers.
El Salvador Debt Downgraded to CC Rating as President Bukele Seeks Re-Election
El Salvador is likely to default on a January debt repayment because it has limited market access to raise the funds needed, in part because of its bitcoin adoption, according to rating agency Fitch. Meanwhile, President Bukele announced that he will seek re-election, according to a Reuters report. "The Hash" panel discusses the outcome of President Bukele's bitcoin initiatives and the chances for him to be re-elected after his term ends in 2024.
El Salvador's Debt Rating Cut to CC by Fitch
The rating agency said the country is likely to default on a January debt repayment because it has limited market access to raise the funds needed, in part because of its bitcoin adoption.
Poolin, One of the Largest Bitcoin Mining Pools, Suspends Withdrawals From Wallet Service
On Sunday, the mining pool acknowledged having liquidity issues.
Poolin, One of the World's Biggest Bitcoin Mining Pools, Acknowledges Liquidity Issues
Poolin CEO and founder Kevin Pan assured users that funds are safe and said the company might look to debt to solve its liquidity troubles.
Celsius CEO Alex Mashinsky Owes Transparency to Creditors, Says Legal Expert
Hodder Law Firm Founder Sasha Hodder discusses crypto lender Celsius Network’s Chapter 11 bankruptcy proceedings and the “need” for CEO Alex Mashinsky to clarify what the firm owes to its creditors. “Mashinsky hasn’t provided the transparency that, really, he owes everyone,” Hodder said. “We need more transparency.”
Crypto Mining Hosting Firm Applied Blockchain Adds $15M Loan to Pay Off Debt, Fund Growth
The company's North Dakota site was knocked offline in July due to an equipment failure in the substation feeding it power.
