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Debt
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.
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.
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.
