Debt
Marathon Doubles Loan Borrowing Capacity to $200M as Mining Rigs Sit Idle
The firm doubled its credit from Silvergate Bank even as Marathon's operations are facing severe downtime and delays.
Exchange cripto CoinFLEX recorta equipo "significativamente" para reducir costos
La reducción "significativa" de personal disminuirá los costos en un 50-60%, dijo la compañía.
Crypto Exchange CoinFLEX Slashes Team Amid Cost-Cutting Push
The "significant" downsizing will lower costs by about 50-60%, CoinFLEX said.
CoinFLEX Proposes Plan to Compensate Depositors, Restructure Business
The exchange wants to issue new recovery tokens and also give depositors equity in the firm and locked FLEX Coins.
Three Arrows Capital Founders Break Their Silence, Look to Move to Dubai: Report
The beleaguered duo discussed how one of the most successful crypto funds went from being a prominent trading desk to owing creditors $2.8 billion.
CoinFLEX Restarts Withdrawals With 10% Limit
Customers still won't be able to withdraw the platform's native token, though.
CoinFLEX Begins Arbitration to Recover $84M in Delinquent Debt
The trading platform also said it was speaking with depositors looking to help the business by “rolling some of their deposits into equity.”
Argo Blockchain Hires Derivatives Trader to Navigate Market Rout, Sells BTC to Reduce Loan
The miner saw gains in bitcoin production in June, but its profit margin narrowed.
Core Scientific Sold Over 7K Bitcoins for About $167M in June, Sees More Sales
The crypto company plans to cash in on more self-mined bitcoins to cover expenses, growth and debt payments.
Crypto Miners Face Margin Calls, Defaults as Debt Comes Due in Bear Market
Private and publicly listed crypto miners owe up to $4 billion in debt used to finance the construction of gargantuan facilities across North America, according to industry participants and data compiled by CoinDesk.
