City Sidney, county Powell Financial News

20.09 / 20:43

business Blockchain Adoption defi Maple Finance launches $300M lending pool for Bitcoin mining firms

On Tuesday, institutional crypto lending protocol Maple Finance and its delegate Icebreaker Finance announced that they would provide up to $300 million worth of secured debt financing to public and private bitcoin mining firms. Qualified entities meeting treasury management and power strategies management standards located throughout North America, as well as those in Australia, can apply for funding.

26.09 / 20:01

Target Manufacturing Election President electronic 2020 reports Voting technology firm, conservative outlet reach settlement in 2020 election defamation case

A settlement has been reached in a defamation lawsuit pitting an electronic voting machine manufacturer targeted by allies of former President Donald Trump against a conservative news outlet that aired accusations of vote manipulation in the 2020 election

20.10 / 13:27

Provident Action Strategy President Experts Fulton 2020 Jury selection will begin in the first trial in the Georgia election case against Trump and others

Trump and others of illegally scheming to overturn the 2020 election in the state. Lawyer Kenneth Chesebro was indicted just over two months ago along with Trump and 17 others.

19.08 / 04:23

UPS Fox Fulton Trump week Donald Trump likely to surrender next week in Georgia indictment case: Report

Donald Trump and several allies were indicted in Georgia on Monday, accused of scheming to illegally overturn his 2020 election loss in the state. It's the fourth criminal case to be brought against the former president and the second to allege that he tried to subvert the results of the vote.

16.08 / 01:55

Trump US President Former US President Donald Trump denounces Georgia indictment, claims will produce ‘irrefutable’ report

Trump in the Georgia case, including his lawyers Rudy Giuliani, John Eastman, Sidney Powell, Jenna Ellis, and Kenneth Chesebro, former White House chief of staff Mark Meadows, ex-Justice Department official Jeffrey Clark and the former president’s 2020 Election Day director of operations Michael Roman. Trump has pleaded not guilty to the New York and federal charges, and has accused his Democratic political opponents of bringing them to derail his bid to recapture the White House.

22.07 / 06:47

Lowe's Tether Platform Enterprise Parke Bitcoin Stablecoin market share is shrinking while most cryptocurrencies surge

stablecoin market while most cryptocurrencies are posting outsized gains this year. Traders use stablecoins to move money into and out of cryptocurrency markets, swap funds between exchanges and as a haven in times of high volatility. Often the market capitalization of the tokens increases during rallies and declines during downturns. So far this year, the total value of the crypto market has jumped around 50% to about $1.2 trillion, while the stablecoin sector has shrunk almost 8% to around a two-year low of $127 billion, according to researcher CCData. This discrepancy could have several explanations. Hoping for higher returns, investors may be rotating out stablecoins and into appreciating market leaders Bitcoin and Ether, according to Jacob Joseph, a research analyst at CCData. Stablecoins don’t pay interest and usually seek to maintain a one-to-one ratio with other assets such as the dollar, hence their name. Crypto advocates downplay the decline, with some citing the overall light trading volume in the wake of last year’s market collapse.

22.09 / 16:15

business Adoption Investments Launch GEM Digital commits $50M to ParallelChain Lab for L1 protocol development

Digital asset investment firm GEM Digital Limited (GEM) has committed $50 million to finance ParallelChain Lab following the launch of its mainnet and native token listing, XPLL, in Q4 2022.

24.02 / 17:03

Blockchain Banks banking Loans Maple Finance partners with Celsius to launch wETH lending pool

Digital asset lending platform Celsius has become the first pool delegate from the centralized finance market to deploy a crypto-centric lending service on Maple Finance, utilizing the latter’s smart contract and blockchain infrastructure to facilitate a $30 millionpool to institutional investors.

22.02 / 23:57

cryptocurrency Trading Investing USDC First Syndicated Loan for Alameda Research Surpasses USD 100M

Maple Finance, an institutional capital marketplace focused on crypto, has issued its first syndicated loan in excess of USD 100m to Alameda Research, a quantitative trading firm and parent company of crypto derivatives exchange FTX.

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