Is the Bitcoin ETF Headed for Default Approval?
Just three days to go until the two SEC commissioners, Michael Piwowar and Kara Stein, decide on whether to approve or reject the Bitcoin ETF after a nearly four years long process, but is the ETF headed for a default approval instead? The law defaults on an approval of the ETF if a decision is not made within a certain time period. In this case, the deadline is 11th of March, this Saturday. Some suggest the deadline extends to include Monday as Saturday is a weekend, but, normally, if an ETF is to be rejected, the SEC suggests a withdrawal of the application so that the proposer can....
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According to Visual Capitalist, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,470), El Salvador (3,376), and Ethiopia (3,035) have a credit default swap spread that is higher than Ghana’s at 2,071 bps. El Salvador Has Highest Default Risk After seeing inflation surge to over 29% in June, Ghana, West Africa’s second-largest economy, is now ranked as one of the countries most likely to default this year, Visual Capitalist’s latest sovereign debt....
TrueFi does not expect Blockwater Technologies' default to affect its stablecoin lending pools or capital market portfolios. On Oct. 10, unsecured lending protocol TrueFi issued a default notice to Blockwater Technologies for missing a scheduled payment related to its $3.4 million Binance USD (BUSD) loan, the first declared default on the platform to date. According to the company, the default does not impact lenders in its USD Coin (USDC), TrueUSD (TUSD) and Tether (USDT) stablecoin lending pools, "nor any of TrueFi’s capital market portfolios."As outlined in the statement, TrueFi had an....
James Downer is a student of International Relations and Computer Science and is fascinated by the collision between the two subjects. In this article, Downer discusses last Wednesday's debt default by Argentina, bitcoin's growing role in the country and its thriving black market for dollars. If Argentina's 'Default Wednesday' had been as bad as its 2001 debt default, the country's citizens would be scrambling en masse for alternatives to the peso - such as bitcoin. When Cyprus, with a population of just over a million, suffered a financial crisis in 2013, freezing bank accounts and....
Crypto financial services platform Matrixport has predicted that an approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC) could push the price of Bitcoin between $42,000 and $56,000 per unit. BTC, the world’s largest cryptocurrency, has experienced notable increases in value throughout the current week, with the aim of surpassing the significant threshold of $30,000. The cryptocurrency has been influenced by the operations of a spot Bitcoin Exchange Traded Fund (ETF) as investors continue to await approval to onboard institutional and mainstream exposure....
To put this into numbers people can understand, Deutsche Bank’s market leverage ratio is 96%. This makes them one of the world’s riskiest banks to deal with. Things continue to evolve in the wrong direction for Deutsche Bank in recent months. After being hit with large files several times in a row, there have been questions regarding the liquidity of this bank. Moody’s has issued a new warning about Deutsche Bank, stating how the institution is getting near its “default point.” That may be the last thing investors of the bank want to hear right now. To put the news into perspective,....