According to Duane Good, COO of Tribal, the round will help Tribal fund SMBs’ receivables in the markets where it operates – Mexico, Brazil, Chile, Colombia and Peru. In Latin America, the company plans to expand into Argentina, and the company is also considering expanding into Africa, Europe and Soutj Asia in the future, Elkasstawi added. Source link … [Read more...] about B2B Payments Platform Tribal Raises Debt Round Including $20M in Stellar USDC
Debt
Bitcoin dips below $50K as Evergrande defaults on US dollar debt
Bitcoin (BTC) kept $50,000 as a focus on Dec. 9 as consolidation on BTC/USD continued to avoid last week's lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin "appears on track"Data from Cointelegraph Markets Pro and TradingView showed the pair acting within a small range around the $50,000 mark overnight, this yet to become firm support."A crucial area to … [Read more...] about Bitcoin dips below $50K as Evergrande defaults on US dollar debt
Blame the Bitcoin Bond? El Salvador’s Dollar-Denominated Debt Slides
“Bitcoin’s drop definitely adds some pressure, as does thin year-end markets (credit, equity and commodities),” Ostwald said. Steve Hanke, a professor at Johns Hopkins University in Baltimore, voiced similar opinion on Twitter, while drawing attention to widening El Salvador-U.S. yield spreads. Source link … [Read more...] about Blame the Bitcoin Bond? El Salvador’s Dollar-Denominated Debt Slides
Bitcoin Miner TeraWulf Raises $200M in Debt and Equity
TeraWulf – an environmental, social and governance-focused bitcoin mining company – raised $200 million in debt and equity financing from institutional and individual investors, the company announced Thursday.“TeraWulf’s ability to raise private capital underscores the attractiveness of bringing a new paradigm for cryptocurrency mining to the public markets,” said Paul Prager, … [Read more...] about Bitcoin Miner TeraWulf Raises $200M in Debt and Equity
Young Koreans’ debt soars as they turn to crypto, stocks and real estate
Household debt for younger Koreans — those born from the 1980s onward — has surged to $22.7 billion, up from $3.9 billion from last year. Data from South Korea's Financial Supervisory Service (FSS), released today by Representative Kim Han-jeong of the Democratic Party of Korea, reportedly indicates that the high levels of lending are attributable to an increase in investments … [Read more...] about Young Koreans’ debt soars as they turn to crypto, stocks and real estate