Category: Editors’ Picks

Crypto lender Vauld freezes withdrawals, eyes restructuring
5. 7. 2022 No Responses

Crypto lender Vauld freezes withdrawals, eyes restructuring

Vauld, a crypto lender backed by U.S. based Coinbase Inc., said it froze withdrawals and hired advisers to explore a potential restructuring, joining rivals Celsius Network, Babel Finance etc. in resorting to last-ditch measures to survive the crypto market crash....
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Declassified Doc Shows UK Knew In Real-Time It Was Helping Terror Groups
3. 7. 2022 No Responses

Declassified Doc Shows UK Knew In Real-Time It Was Helping Terror Groups

Britain’s military knew that fighters from an Al Qaeda-linked terrorist organization were benefiting from the overthrow of Colonel Muammar Gaddafi in 2011, but continued to support illegal NATO airstrikes in Libya for another two months. The revelation raise...
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FTX gains option to buy BlockFi for up to $240mln
2. 7. 2022 No Responses

FTX gains option to buy BlockFi for up to $240mln

Cryptoexchange FTX has also agreed to provide BlockFi with a $400 million revolving credit facility, Prince said in a tweet. He added that BlockFi has faced a jump in withdrawals after news of crypto lending platform Celsius Network’s freeze. Sam...
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TSMC: Apple, AMD and Nvidia scale back chip orders
1. 7. 2022 No Responses

TSMC: Apple, AMD and Nvidia scale back chip orders

With the growing inflation and the uncertainties brought by the Ukrainian war, Smartphones and PC components are not selling that well anymore, so Apple, AMD and Nvidia are now forced to scale back their chip orders from TSMC, which, in...
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Crypto hedge fund Three Arrows Capital Ordered to Liquidate All Assets After Defaulting on $675M Bitcoin Loans
30. 6. 2022 No Responses

Crypto hedge fund Three Arrows Capital Ordered to Liquidate All Assets After Defaulting on $675M Bitcoin Loans

The rapid collapse of the massive crypto hedge fund, which once managed $18 billion, marks one of the worst causalities of the crypto collapse so far. On Tuesday, the distressed crypto hedge fund was ordered into liquidation by a Virgin...
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Sri Lanka Asks Russians For Help, Suspends Fuel Sales Amid Economic Collapse
28. 6. 2022 No Responses

Sri Lanka Asks Russians For Help, Suspends Fuel Sales Amid Economic Collapse

A broken and extremely cash-strapped Sri Lanka halted all fuel sales except for essential services in a desperate attempt to manage a severe fuel shortage — allowing the government to buy some time and send two government officials to Russia...
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Money can be printed, food cannot
27. 6. 2022 No Responses

Money can be printed, food cannot

G-7 pledges $4.5 billion to tackle food insecurity. Group of Seven leaders have agreed to spend $4.5 billion on addressing food security issues around the globe exacerbated by rising grain and food costs following Russia’s invasion of Ukraine. . The...
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GS Supposedly Lead Group of Vultures to Buy Celsius after Bankruptcy
25. 6. 2022 No Responses

GS Supposedly Lead Group of Vultures to Buy Celsius after Bankruptcy

The Wall Street bank is seeking $2 billion in commitments from vulture investors to buy distressed digital assets at steep discounts if the crypto DeFi lender goes bankrupt. Goldman Sachs appears to be gauging interest and soliciting commitments from Web3...
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Russia Will Pay Its Foreign Debts in Rubles
24. 6. 2022 No Responses

Russia Will Pay Its Foreign Debts in Rubles

On June 23, Russian President Vladimir Putin signed a decree on the payment of foreign currency debt in rubles. Roughly speaking, transactions will be made through a ruble account at the domestic market rate. Payment of such debt on the...
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FED: Banks could withstand 10% unemployment, 55% stock price drop in annual stress test
23. 6. 2022 No Responses

FED: Banks could withstand 10% unemployment, 55% stock price drop in annual stress test

The Fed sees banks will have enough capital to keep lending even if unemployment rises to 10% under a hypothetical scenario. The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did...
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ECB Emergency Meeting Creates Emergency
22. 6. 2022 No Responses

ECB Emergency Meeting Creates Emergency

Were it not for the ECB calling an emergency meeting last Thursday, most market participants would not have realized there was an emergency in the bond market. Apparently, the sharp rise in yields on Italian bonds after the ECB stopped buying...
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Musk Hit With $258 Billion Dogecoin Lawsuit
17. 6. 2022 No Responses

Musk Hit With $258 Billion Dogecoin Lawsuit

During his all-hands Q&A with Twitter employees, Elon Musk let slip a few details about his thoughts on crypto and payments within Twitter. After discussing subscription and advertising revenues, Musk notes that “I think payments would be an interest...
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Siemens confirms it failed to return turbines to Gazprom
16. 6. 2022 No Responses

Siemens confirms it failed to return turbines to Gazprom

Russian gas supplies to Germany had to be reduced as a result. German conglomerate Siemens has confirmed that Ukraine-related sanctions imposed on Russia have made it impossible for the equipment supplier to return gas turbines to Gazprom after they were...
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Horror-like microscopy photos of blood clots extracted from those who “suddenly died” – crystalline structures, nanowires, chalky particles and fibrous structures
15. 6. 2022 No Responses

Horror-like microscopy photos of blood clots extracted from those who “suddenly died” – crystalline structures, nanowires, chalky particles and fibrous structures

Now, vaccinated humanity is dealing with a bio-weapon grade “product” – horror-like microscopy photos of blood clots extracted from those who “suddenly died” – crystalline structures, nanowires, chalky particles and fibrous structures. ...
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Decelarated Money Supply Growth In 2022 = Recession
14. 6. 2022 No Responses

Decelarated Money Supply Growth In 2022 = Recession

Money supply growth fell slightly in April, falling below March’s eight-month high. Even with March’s bump in growth, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years. During the th...
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