Debt

Moody’s Downgrades Coinbase’s Debt on Profitability Concerns
Moody’s Downgrades Coinbase’s Debt on Profitability Concerns
Ratings agency Moody’s has downgraded Coinbase’s corporate debt, also placing its debt ratings under review for further downgrades. “The Hash” hosts discuss the potential limi...
Moody’s Downgrades Coinbase’s Debt on Profitability Concerns

CoinDesk placeholder image
Moody’s Downgrades Coinbase’s Debt on Profitability Concerns
The ratings agency has also put the crypto exchange’s ratings under review for further downgrade.
CoinDesk placeholder image

Bitcoin mining machines submerged in immersion cooling liquid at a facility in South Spain. (Eliza Gkritsi)
Iris Energy Raises 2022 Hashrate Estimate to 4.3 EH/s
The construction of the bitcoin miner's Texas site may be delayed as the firm removed completion estimate.
Bitcoin mining machines submerged in immersion cooling liquid at a facility in South Spain. (Eliza Gkritsi)

A Bitfarms employee inspecting miners at Cowansville, Quebec, Canada. (Aoyon Ashraf/CoinDesk)
Miner Bitfarms Sold Almost Half Its Bitcoin to Reduce Debt
The miner sold 3,000 BTC in the past week to improve liquidity and reduce indebtedness.
A Bitfarms employee inspecting miners at Cowansville, Quebec, Canada. (Aoyon Ashraf/CoinDesk)

(Greg Pease/Stone/Getty Images)
Bear Market Could See Some Crypto Miners Turning to M&A for Survival
Companies that have already survived the previous down market and have enough capital and a sound business strategy will be able to survive this cycle.
(Greg Pease/Stone/Getty Images)

Galaxy Digital CEO Mike Novogratz: ‘Crypto Revolution Is Here’
Galaxy Digital to Sell $500M of Notes in Private Placement
The notes, which are exchangeable for shares, will carry an interest rate of 3%.
Galaxy Digital CEO Mike Novogratz: ‘Crypto Revolution Is Here’

(Dan Dennis/Unsplash)
You Can’t Use a Trillion-Dollar Coin
It isn’t just a cute but faulty idea. It’s worthless.
(Dan Dennis/Unsplash)

(Shutterstock)
Fitch: Debt Ceiling Fight Could Endanger ‘AAA’ Rating of US
The warning illustrates how the debate can create an aversion to risk that could rattle bitcoin.
(Shutterstock)

Janet Yellen, U.S. Treasury secretary, speaks during an interview at the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, U.S., on Tuesday, Sept. 28, 2021. Yellen today warned that her department will effectively run out of cash around Oct. 18 unless Congress suspends or increases the federal debt limit, putting pressure on lawmakers to avert a default on U.S. obligations. Photographer: Amanda Andrade-Rhoades/Bloomberg via Getty Images
Stand-Off Over $28T of US Government Debt Could Rattle Bitcoin Market
The American government has never defaulted on its debts, but congressional gridlock over raising the debt ceiling is making investors question what would happen if it did.
Janet Yellen, U.S. Treasury secretary, speaks during an interview at the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, U.S., on Tuesday, Sept. 28, 2021. Yellen today warned that her department will effectively run out of cash around Oct. 18 unless Congress suspends or increases the federal debt limit, putting pressure on lawmakers to avert a default on U.S. obligations. Photographer: Amanda Andrade-Rhoades/Bloomberg via Getty Images

Standoff Over $28T of US Government Debt Could Rattle Bitcoin Market
Standoff Over $28T of US Government Debt Could Rattle Bitcoin Market
As a pitched battle in the U.S. Congress raises the risk of the government defaulting on its $28 trillion in debt, some cryptocurrency traders are speculating whether the grid...
Standoff Over $28T of US Government Debt Could Rattle Bitcoin Market