Tag: bailout

Jul 10 2022

Blockchain.com May Lose $270 Million Over Its Loans to 3AC

Blockchain.com, a popular crypto exchange may end up losing $270 million over its loans to Three Arrows Capital (3AC). 3AC filed for Chapter 15 following the bearish turbulence in the cryptocurrency markets. Peter Smith, Blockchain.com Chief Executive Officer (CEO) revealed the $270 million (approx.) loss in a latter to shareholders according to Reuters: "Three Arrows is rapidly becoming insolvent and the default impact...

Jul 07 2022

Voyager Digital Files For Bankruptcy

Voyager files for Chapter 11 bankruptcy due to their large exposure to Three Arrows Capital as the contagion continues to spread across the market....

Jul 02 2022

Bitcoin Is A New Paradigm Of Stakeholder Capitalism

If bitcoin becomes the world’s reserve currency, we can add scarcity and consequences back into the system to stop the cycle of moral hazard and malinvestment.This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the Infantry before transitioning to the Finance Corps.History may not repeat itself, but...

Jun 22 2022

BlockFi And Voyager Get Bailed Out By FTX

As contagion spreads, FTX loans out hundreds of millions to two of the largest yield-generating shops in the space. What does this mean for BlockFi and Voyager?...

Jun 21 2022

SEC Commissioner Hester Peirce Opposes Crypto Bailouts

Jun 21 2022 Published at Crypto Briefing under tags  bailout bear market news sec

SEC Commissioner Hester Peirce has suggested in an interview with Forbes that she would oppose bailouts for crypto projects, though she remains friendly toward the space. Peirce Condemns Crypto Bailouts...

Sep 19 2021

Bitcoin Will Decapitate Zombie Corporations That Are Destroying The Economy

Sep 19 2021 Published at Bitcoin Magazine under tags  bailout culture fiat inflation

The decaying rot of corporations carried only by the fiat machine will come to an end as Bitcoin fixes our money.2008 Taught Us NothingWe have experienced (and some of us grew up) during a very interesting blip within history, starting with the events that transpired in 2008 when the tools of our “innovations” in financialization proved to be the swords upon...

Dec 15 2020

$9 Million Compound Bailout Proposal Fails

Dec 15 2020 Published at Crypto Briefing under tags  bailout business governance

A Compound governance proposal, which would have handed out ~$8.7 million (~55,000 COMP), has failed. It would have partially reimbursed users that were...

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